Market Overview
Home Prices in Smallwood, NY
The median home value in Smallwood, NY is $218,200 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smallwood are priced47% below average.
Over the past five years, Smallwood home values have risen by approximately49.6%, reflecting strong long-term appreciation in this market.
Price History
Smallwood Home Price Trend
2020
$107,141
$107K
—
2021
$145,875
$146K
+36.2%
2022
$172,110
$172K
+18.0%
2023
$181,352
$181K
+5.4%
2024
$207,432
$207K
+14.4%
2025
$217,444
$217K
+4.8%
2026
$218,200
$218K
+0.3%
City Comparison
Smallwood vs. National Median
🏠 Smallwood
$218,200
National Median
$410,000
At $218,200, homes in Smallwood cost 47% below the national median of $410,000. This makes Smallwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Smallwood?
20% Down Payment
$43,640
on $218,200
Monthly P&I
$1,138/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,445/mo
incl. taxes & insurance
Income Needed
$57,800
gross annual (30% rule)
10% Down Option
$21,820
+ PMI applies
Loan Amount (20% dn)
$174,560
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 Smallwood, NY?
The median home value in Smallwood is $218,200 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Smallwood?
Over the past year, home values in Smallwood have increased by 0.3%. Over five years, prices have risen approximately 49.6%.
How much do I need to earn to buy a home in Smallwood?
To comfortably afford the median home price of $218,200 with a 20% down payment ($43,640) at today's rates (6.8%), you'd need a gross annual income of approximately $57,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Smallwood compare to the national average home price?
The national median home value is approximately $410,000. At $218,200, homes in Smallwood are 47% below the national average.