New York, United States
Property prices · 2024 · Americas
Property price trend in New York (2024–2026)
Property comparison — cities in United States (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs New York |
|---|---|---|---|---|
| New York | USD 18,500 | USD 10,500 | USD 3,500 | — |
| San Francisco | USD 16,800 | USD 9,800 | USD 3,200 | -9.2% |
| Seattle | USD 11,500 | USD 7,200 | USD 2,800 | -37.8% |
| Los Angeles | USD 11,500 | USD 7,500 | USD 2,800 | -37.8% |
| Boston | USD 10,200 | USD 6,400 | USD 2,600 | -44.9% |
| Washington DC | USD 9,500 | USD 5,900 | USD 2,400 | -48.6% |
| Miami | USD 8,500 | USD 5,500 | USD 2,500 | -54.1% |
| Austin | USD 7,200 | USD 4,500 | USD 1,900 | -61.1% |
| Denver | USD 6,800 | USD 4,200 | USD 1,800 | -63.2% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in New York in 2024?
In New York, the average price per sqm in the city centre is USD 18,500, and USD 10,500 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in New York in 2024?
A 1-bedroom apartment in New York rents for approximately USD 3,500 per month in 2024. A 3-bedroom apartment costs around USD 6,200/month.
Is it better to buy or rent in New York?
Renting is generally more cost-effective in New York. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 6.80%.
What are mortgage rates in United States in 2024?
The average mortgage rate in United States is approximately 6.80% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in New York?
The average property price per square metre in New York city centre is USD 18,500 in 2024. Outside the centre, expect to pay around USD 10,500/sqm.