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📍 Penfield, NY · Zillow ZHVI · July 2026

Average Home Price in
Penfield, NY

Rochester, NY metro area · Monroe County County

Median Home Value
$412,724
↑ 5.6% year-over-year
vs. National Median
$410,000
Penfield is 1% above
Est. Monthly Payment
$2,153/mo
20% down · 6.8% rate
Income Needed
$109K
gross annual (30% rule)
Median Home Value
$412,724
↑ 5.6% year-over-year
Down Payment (20%)$82,545
Monthly P&I$2,153/mo
With Taxes & Ins.~$2,734/mo
Income Needed$109,360/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Penfield, NY

The median home value in Penfield, NY is $412,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 6% from two years prior.

Compared to the U.S. national median of $410,000, homes in Penfield are priced1% above average. Penfield is part of the Rochester, NY metro area.

City Comparison

Penfield vs. National Median

🏠 Penfield
$412,724
National Median
$410,000

At $412,724, homes in Penfield cost 1% above the national median of $410,000. Buyers in Penfield should expect to pay a premium compared to most U.S. markets.

Affordability

What Does It Cost to Buy in Penfield?

20% Down Payment
$82,545
on $412,724
Monthly P&I
$2,153/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,734/mo
incl. taxes & insurance
Income Needed
$109,360
gross annual (30% rule)
10% Down Option
$41,272
+ PMI applies
Loan Amount (20% dn)
$330,179
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 Penfield, NY?
The median home value in Penfield is $412,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Penfield?
Over the past year, home values in Penfield have increased by 5.6%.
How much do I need to earn to buy a home in Penfield?
To comfortably afford the median home price of $412,724 with a 20% down payment ($82,545) at today's rates (6.8%), you'd need a gross annual income of approximately $109,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Penfield compare to the national average home price?
The national median home value is approximately $410,000. At $412,724, homes in Penfield are 1% above the national average.
What metro area is Penfield part of?
Penfield is part of the Rochester, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.