Market Overview
Home Prices in Riverhead, NY
The median home value in Riverhead, NY is $637,468 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Riverhead are priced55% above average. Riverhead is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Price History
Riverhead Home Price Trend
2024
$590,929
$591K
—
2025
$612,994
$613K
+3.7%
2026
$637,468
$637K
+4.0%
City Comparison
Riverhead vs. National Median
🏠 Riverhead
$637,468
National Median
$410,000
At $637,468, homes in Riverhead cost 55% above the national median of $410,000. Buyers in Riverhead should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Riverhead?
20% Down Payment
$127,494
on $637,468
Monthly P&I
$3,325/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,223/mo
incl. taxes & insurance
Income Needed
$168,920
gross annual (30% rule)
10% Down Option
$63,747
+ PMI applies
Loan Amount (20% dn)
$509,974
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 Riverhead, NY?
The median home value in Riverhead is $637,468 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Riverhead?
Over the past year, home values in Riverhead have increased by 4%.
How much do I need to earn to buy a home in Riverhead?
To comfortably afford the median home price of $637,468 with a 20% down payment ($127,494) at today's rates (6.8%), you'd need a gross annual income of approximately $168,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Riverhead compare to the national average home price?
The national median home value is approximately $410,000. At $637,468, homes in Riverhead are 55% above the national average.
What metro area is Riverhead part of?
Riverhead 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.