Many people dream of owning a property in New York, but the first thing they always want to know is, “How much does a house cost in New York City?” The price of a property can be very different based on the borough, neighborhood, and type of property. In 2025, New York City will have a wide selection of dwellings to choose from, from expensive brownstones in Manhattan to more economical single-family homes in Queens or Staten Island.
Why the Price of Houses in New York City Changes
- Location: Manhattan is the most expensive place to live, whereas Staten Island and the Bronx are less expensive.
- Property Type: Different types of properties, like co-ops, condos, and single-family homes, have very different prices.
- Neighborhood Growth: Areas that are being redeveloped frequently have lower prices for new residents.
- Market Trends: The values of real estate in New York change based on supply, demand, and interest rates.
👉 Look at Housing Market Reports
Average Cost of a House in New York City by Borough (2025)
- Manhattan: $1.3 million to $2.2 million
- Brooklyn: $850,000 to $1.4 million
- Queens: $700,000 to $1.1M
- Bronx: $550,000 to $850,000
- Staten Island: $500,000 to $750,000
(Prices are estimates and may fluctuate based on the market.)
The Best Neighborhoods in New York City for Cheap Homes
1. The Bronx – Lowest House Prices in New York City
The Bronx has some of the city’s cheapest residences, yet it’s not far from Manhattan. Good for families and first-time purchasers.
👉 Look for homes for sale in the Bronx by contacting us
2. Staten Island – Lower Prices & Suburban Comfort
Staten Island is known as the city’s suburban getaway since it has bigger residences for less money than other boroughs.
👉 Look at real properties on Staten Island by contacting us
3. Queens – A Balance of Price and Lifestyle
Queens has single-family homes and co-ops at reasonable costs, making it a great place for purchasers who seek a variety of options and easy access to airports.
👉 Look through the Queens classifieds
4. Brooklyn – Expensive but Full of Promise
The price of a house in Brooklyn is higher than in New York City, however some communities, such as East New York and Flatbush, provide cheaper possibilities.
Last Thoughts
So, how much does a house in New York City cost? Prices in 2025 will be between $500,000 in Staten Island or the Bronx and more than $2 million in Manhattan. Your decision will rely on your budget, way of life, and long-term investing goals.
📢 Call to Action
Want to know the best price for a house in New York City? Check out our NYC real estate guides. Here
👉 Call MyHavens today to get in touch with reliable real estate agents who can help you locate the perfect home in New York City!
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