Market Overview
Home Prices in Greenwood Lake, NY
The median home value in Greenwood Lake, NY is $426,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Greenwood Lake are priced4% above average. Greenwood Lake is part of the Poughkeepsie-Newburgh-Middletown, NY metro area.
Over the past five years, Greenwood Lake home values have risen by approximately44.1%, reflecting strong long-term appreciation in this market.
Price History
Greenwood Lake Home Price Trend
City Comparison
Greenwood Lake vs. National Median
At $426,183, homes in Greenwood Lake cost 4% above the national median of $410,000. Buyers in Greenwood Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Greenwood Lake?
20% Down Payment
$85,237
on $426,183
Monthly P&I
$2,223/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,823/mo
incl. taxes & insurance
Income Needed
$112,920
gross annual (30% rule)
10% Down Option
$42,618
+ PMI applies
Loan Amount (20% dn)
$340,946
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 Greenwood Lake, NY?
The median home value in Greenwood Lake is $426,183 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Greenwood Lake?
Over the past year, home values in Greenwood Lake have increased by 5.5%. Over five years, prices have risen approximately 44.1%.
How much do I need to earn to buy a home in Greenwood Lake?
To comfortably afford the median home price of $426,183 with a 20% down payment ($85,237) at today's rates (6.8%), you'd need a gross annual income of approximately $112,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Greenwood Lake compare to the national average home price?
The national median home value is approximately $410,000. At $426,183, homes in Greenwood Lake are 4% above the national average.
What metro area is Greenwood Lake part of?
Greenwood Lake is part of the Poughkeepsie-Newburgh-Middletown, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.