Market Overview
Home Prices in Palenville, NY
The median home value in Palenville, NY is $340,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palenville are priced17% below average.
Over the past five years, Palenville home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Palenville Home Price Trend
2020
$202,717
$203K
—
2021
$265,489
$265K
+31.0%
2022
$318,350
$318K
+19.9%
2023
$315,509
$316K
-0.9%
2024
$332,420
$332K
+5.4%
2025
$337,305
$337K
+1.5%
2026
$340,094
$340K
+0.8%
City Comparison
Palenville vs. National Median
🏠 Palenville
$340,094
National Median
$410,000
At $340,094, homes in Palenville cost 17% below the national median of $410,000. This makes Palenville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palenville?
20% Down Payment
$68,019
on $340,094
Monthly P&I
$1,774/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,253/mo
incl. taxes & insurance
Income Needed
$90,120
gross annual (30% rule)
10% Down Option
$34,009
+ PMI applies
Loan Amount (20% dn)
$272,075
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 Palenville, NY?
The median home value in Palenville is $340,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Palenville?
Over the past year, home values in Palenville have increased by 0.8%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Palenville?
To comfortably afford the median home price of $340,094 with a 20% down payment ($68,019) at today's rates (6.8%), you'd need a gross annual income of approximately $90,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Palenville compare to the national average home price?
The national median home value is approximately $410,000. At $340,094, homes in Palenville are 17% below the national average.