Market Overview
Home Prices in New York Mills, NY
The median home value in New York Mills, NY is $236,964 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in New York Mills are priced42% below average. New York Mills is part of the Utica-Rome, NY metro area.
Over the past five years, New York Mills home values have risen by approximately36.6%, reflecting strong long-term appreciation in this market.
Price History
New York Mills Home Price Trend
City Comparison
New York Mills vs. National Median
At $236,964, homes in New York Mills cost 42% below the national median of $410,000. This makes New York Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New York Mills?
20% Down Payment
$47,393
on $236,964
Monthly P&I
$1,236/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,570/mo
incl. taxes & insurance
Income Needed
$62,800
gross annual (30% rule)
10% Down Option
$23,696
+ PMI applies
Loan Amount (20% dn)
$189,571
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 New York Mills, NY?
The median home value in New York Mills is $236,964 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in New York Mills?
Over the past year, home values in New York Mills have increased by 4.3%. Over five years, prices have risen approximately 36.6%.
How much do I need to earn to buy a home in New York Mills?
To comfortably afford the median home price of $236,964 with a 20% down payment ($47,393) at today's rates (6.8%), you'd need a gross annual income of approximately $62,800. This assumes keeping total housing costs at or below 30% of gross income.
How does New York Mills compare to the national average home price?
The national median home value is approximately $410,000. At $236,964, homes in New York Mills are 42% below the national average.
What metro area is New York Mills part of?
New York Mills is part of the Utica-Rome, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.