Market Overview
Home Prices in Lake Mohegan, NY
The median home value in Lake Mohegan, NY is $602,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Mohegan are priced47% above average. Lake Mohegan is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Lake Mohegan home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Lake Mohegan Home Price Trend
City Comparison
Lake Mohegan vs. National Median
At $602,222, homes in Lake Mohegan cost 47% above the national median of $410,000. Buyers in Lake Mohegan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Mohegan?
20% Down Payment
$120,444
on $602,222
Monthly P&I
$3,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,989/mo
incl. taxes & insurance
Income Needed
$159,560
gross annual (30% rule)
10% Down Option
$60,222
+ PMI applies
Loan Amount (20% dn)
$481,778
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 Lake Mohegan, NY?
The median home value in Lake Mohegan is $602,222 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Lake Mohegan?
Over the past year, home values in Lake Mohegan have increased by 1.7%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Lake Mohegan?
To comfortably afford the median home price of $602,222 with a 20% down payment ($120,444) at today's rates (6.8%), you'd need a gross annual income of approximately $159,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Mohegan compare to the national average home price?
The national median home value is approximately $410,000. At $602,222, homes in Lake Mohegan are 47% above the national average.
What metro area is Lake Mohegan part of?
Lake Mohegan is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.