Market Overview
Home Prices in Pine Island, NY
The median home value in Pine Island, NY is $491,275 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pine Island are priced20% above average. Pine Island is part of the Poughkeepsie-Newburgh-Middletown, NY metro area.
Price History
Pine Island Home Price Trend
2024
$454,719
$455K
—
2025
$465,095
$465K
+2.3%
2026
$491,275
$491K
+5.6%
City Comparison
Pine Island vs. National Median
🏠 Pine Island
$491,275
National Median
$410,000
At $491,275, homes in Pine Island cost 20% above the national median of $410,000. Buyers in Pine Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Pine Island?
20% Down Payment
$98,255
on $491,275
Monthly P&I
$2,562/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,254/mo
incl. taxes & insurance
Income Needed
$130,160
gross annual (30% rule)
10% Down Option
$49,128
+ PMI applies
Loan Amount (20% dn)
$393,020
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 Pine Island, NY?
The median home value in Pine Island is $491,275 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 Pine Island?
Over the past year, home values in Pine Island have increased by 5.6%.
How much do I need to earn to buy a home in Pine Island?
To comfortably afford the median home price of $491,275 with a 20% down payment ($98,255) at today's rates (6.8%), you'd need a gross annual income of approximately $130,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Pine Island compare to the national average home price?
The national median home value is approximately $410,000. At $491,275, homes in Pine Island are 20% above the national average.
What metro area is Pine Island part of?
Pine Island is part of the Poughkeepsie-Newburgh-Middletown, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.