Market Overview
Home Prices in Mc Graw, NY
The median home value in Mc Graw, NY is $180,811 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mc Graw are priced56% below average. Mc Graw is part of the Cortland, NY metro area.
Over the past five years, Mc Graw home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Mc Graw Home Price Trend
City Comparison
Mc Graw vs. National Median
At $180,811, homes in Mc Graw cost 56% below the national median of $410,000. This makes Mc Graw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mc Graw?
20% Down Payment
$36,162
on $180,811
Monthly P&I
$943/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,198/mo
incl. taxes & insurance
Income Needed
$47,920
gross annual (30% rule)
10% Down Option
$18,081
+ PMI applies
Loan Amount (20% dn)
$144,649
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 Mc Graw, NY?
The median home value in Mc Graw is $180,811 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Mc Graw?
Over the past year, home values in Mc Graw have increased by 7.6%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Mc Graw?
To comfortably afford the median home price of $180,811 with a 20% down payment ($36,162) at today's rates (6.8%), you'd need a gross annual income of approximately $47,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Mc Graw compare to the national average home price?
The national median home value is approximately $410,000. At $180,811, homes in Mc Graw are 56% below the national average.
What metro area is Mc Graw part of?
Mc Graw is part of the Cortland, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.