New York home prices (US$/m²): returns since 2015
New York home prices, measured as the typical value per square meter (data: Redfin). This is the value of the property itself — bricks and mortar — not an investor's total return.
It excludes rent received and all costs (closing, property taxes, maintenance, vacancy). Compare it against U.S. inflation (CPI) and the S&P 500 below to see whether New York real estate kept up.
New York anchors the most expensive tier of U.S. housing, and the per-square-meter figure here reflects that the metro has long ranked among the priciest in the country. Manhattan condos and co-ops, dense outer-borough neighborhoods and a finance-and-services economy all pull the typical price up, though the wider metro spans a broad range from luxury cores to more modest suburbs. Like most large coastal markets, it dipped during the 2008 housing crash and recovered over the following decade, with prices that have generally stayed high relative to inland metros.
Cumulative return by window (in U.S. dollars)
| Window | Cumulative |
|---|---|
| 1 year | -2% |
| 5 years | 1% |
| 10 years | 23% |
Largest historical drop: -46% · annual volatility: 28% . Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.