Market Overview
Home Prices in Gilbertsville, NY
The median home value in Gilbertsville, NY is $201,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilbertsville are priced51% below average. Gilbertsville is part of the Oneonta, NY metro area.
Over the past five years, Gilbertsville home values have risen by approximately17.3%, reflecting steady appreciation in this market.
Price History
Gilbertsville Home Price Trend
City Comparison
Gilbertsville vs. National Median
At $201,519, homes in Gilbertsville cost 51% below the national median of $410,000. This makes Gilbertsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gilbertsville?
20% Down Payment
$40,304
on $201,519
Monthly P&I
$1,051/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,335/mo
incl. taxes & insurance
Income Needed
$53,400
gross annual (30% rule)
10% Down Option
$20,152
+ PMI applies
Loan Amount (20% dn)
$161,215
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gilbertsville, NY?
The median home value in Gilbertsville is $201,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Gilbertsville?
Over the past year, home values in Gilbertsville have increased by 0.9%. Over five years, prices have risen approximately 17.3%.
How much do I need to earn to buy a home in Gilbertsville?
To comfortably afford the median home price of $201,519 with a 20% down payment ($40,304) at today's rates (6.8%), you'd need a gross annual income of approximately $53,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilbertsville compare to the national average home price?
The national median home value is approximately $410,000. At $201,519, homes in Gilbertsville are 51% below the national average.
What metro area is Gilbertsville part of?
Gilbertsville is part of the Oneonta, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.