Market Overview
Home Prices in Oyster Bay Cove, NY
The median home value in Oyster Bay Cove, NY is $2,404,819 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.1% 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 Oyster Bay Cove are priced487% above average. Oyster Bay Cove is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Oyster Bay Cove home values have risen by approximately46.2%, reflecting strong long-term appreciation in this market.
Price History
Oyster Bay Cove Home Price Trend
City Comparison
Oyster Bay Cove vs. National Median
At $2,404,819, homes in Oyster Bay Cove cost 487% above the national median of $410,000. Buyers in Oyster Bay Cove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oyster Bay Cove?
20% Down Payment
$480,964
on $2,404,819
Monthly P&I
$12,542/mo
30-yr @ 6.8%
Total Monthly Est.
~$15,928/mo
incl. taxes & insurance
Income Needed
$637,120
gross annual (30% rule)
10% Down Option
$240,482
+ PMI applies
Loan Amount (20% dn)
$1,923,855
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 Oyster Bay Cove, NY?
The median home value in Oyster Bay Cove is $2,404,819 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.1% year-over-year.
How much have home prices changed in Oyster Bay Cove?
Over the past year, home values in Oyster Bay Cove have increased by 10.1%. Over five years, prices have risen approximately 46.2%.
How much do I need to earn to buy a home in Oyster Bay Cove?
To comfortably afford the median home price of $2,404,819 with a 20% down payment ($480,964) at today's rates (6.8%), you'd need a gross annual income of approximately $637,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Oyster Bay Cove compare to the national average home price?
The national median home value is approximately $410,000. At $2,404,819, homes in Oyster Bay Cove are 487% above the national average.
What metro area is Oyster Bay Cove part of?
Oyster Bay Cove 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.