Market Overview
Home Prices in Thornwood, NY
The median home value in Thornwood, NY is $944,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thornwood are priced130% above average. Thornwood is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Thornwood home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Thornwood Home Price Trend
City Comparison
Thornwood vs. National Median
At $944,068, homes in Thornwood cost 130% above the national median of $410,000. Buyers in Thornwood should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Thornwood?
20% Down Payment
$188,814
on $944,068
Monthly P&I
$4,924/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,253/mo
incl. taxes & insurance
Income Needed
$250,120
gross annual (30% rule)
10% Down Option
$94,407
+ PMI applies
Loan Amount (20% dn)
$755,254
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 Thornwood, NY?
The median home value in Thornwood is $944,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Thornwood?
Over the past year, home values in Thornwood have increased by 2.8%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Thornwood?
To comfortably afford the median home price of $944,068 with a 20% down payment ($188,814) at today's rates (6.8%), you'd need a gross annual income of approximately $250,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Thornwood compare to the national average home price?
The national median home value is approximately $410,000. At $944,068, homes in Thornwood are 130% above the national average.
What metro area is Thornwood part of?
Thornwood 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.