Market Overview
Home Prices in Ravena, NY
The median home value in Ravena, NY is $300,036 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ravena are priced27% below average. Ravena is part of the Albany-Schenectady-Troy, NY metro area.
Over the past five years, Ravena home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Ravena Home Price Trend
City Comparison
Ravena vs. National Median
At $300,036, homes in Ravena cost 27% below the national median of $410,000. This makes Ravena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ravena?
20% Down Payment
$60,007
on $300,036
Monthly P&I
$1,565/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,988/mo
incl. taxes & insurance
Income Needed
$79,520
gross annual (30% rule)
10% Down Option
$30,004
+ PMI applies
Loan Amount (20% dn)
$240,029
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 Ravena, NY?
The median home value in Ravena is $300,036 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Ravena?
Over the past year, home values in Ravena have increased by 2.1%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Ravena?
To comfortably afford the median home price of $300,036 with a 20% down payment ($60,007) at today's rates (6.8%), you'd need a gross annual income of approximately $79,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Ravena compare to the national average home price?
The national median home value is approximately $410,000. At $300,036, homes in Ravena are 27% below the national average.
What metro area is Ravena part of?
Ravena is part of the Albany-Schenectady-Troy, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.