Market Overview
Home Prices in Palisades, NY
The median home value in Palisades, NY is $972,598 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palisades are priced137% above average. Palisades is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Price History
Palisades Home Price Trend
2024
$869,964
$870K
—
2025
$914,433
$914K
+5.1%
2026
$972,598
$973K
+6.4%
City Comparison
Palisades vs. National Median
🏠 Palisades
$972,598
National Median
$410,000
At $972,598, homes in Palisades cost 137% above the national median of $410,000. Buyers in Palisades should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Palisades?
20% Down Payment
$194,520
on $972,598
Monthly P&I
$5,072/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,441/mo
incl. taxes & insurance
Income Needed
$257,640
gross annual (30% rule)
10% Down Option
$97,260
+ PMI applies
Loan Amount (20% dn)
$778,078
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 Palisades, NY?
The median home value in Palisades is $972,598 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Palisades?
Over the past year, home values in Palisades have increased by 6.4%.
How much do I need to earn to buy a home in Palisades?
To comfortably afford the median home price of $972,598 with a 20% down payment ($194,520) at today's rates (6.8%), you'd need a gross annual income of approximately $257,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Palisades compare to the national average home price?
The national median home value is approximately $410,000. At $972,598, homes in Palisades are 137% above the national average.
What metro area is Palisades part of?
Palisades 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.