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📍 Lockwood, NY · Zillow ZHVI · July 2026

Average Home Price in
Lockwood, NY

Binghamton, NY metro area · Tioga County County

Median Home Value
$187,242
↑ 4.5% year-over-year
vs. National Median
$410,000
Lockwood is 54% below
Est. Monthly Payment
$977/mo
20% down · 6.8% rate
Income Needed
$50K
gross annual (30% rule)
Median Home Value
$187,242
↑ 4.5% year-over-year
Down Payment (20%)$37,448
Monthly P&I$977/mo
With Taxes & Ins.~$1,241/mo
Income Needed$49,640/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Lockwood, NY

The median home value in Lockwood, NY is $187,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.2% from two years prior.

Compared to the U.S. national median of $410,000, homes in Lockwood are priced54% below average. Lockwood is part of the Binghamton, NY metro area.

City Comparison

Lockwood vs. National Median

🏠 Lockwood
$187,242
National Median
$410,000

At $187,242, homes in Lockwood cost 54% below the national median of $410,000. This makes Lockwood a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Lockwood?

20% Down Payment
$37,448
on $187,242
Monthly P&I
$977/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,241/mo
incl. taxes & insurance
Income Needed
$49,640
gross annual (30% rule)
10% Down Option
$18,724
+ PMI applies
Loan Amount (20% dn)
$149,794
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 Lockwood, NY?
The median home value in Lockwood is $187,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Lockwood?
Over the past year, home values in Lockwood have increased by 4.5%.
How much do I need to earn to buy a home in Lockwood?
To comfortably afford the median home price of $187,242 with a 20% down payment ($37,448) at today's rates (6.8%), you'd need a gross annual income of approximately $49,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Lockwood compare to the national average home price?
The national median home value is approximately $410,000. At $187,242, homes in Lockwood are 54% below the national average.
What metro area is Lockwood part of?
Lockwood is part of the Binghamton, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.