Where home prices are falling in the New York area
Home values, 1-year change, September 2026 · Zillow ZHVI (Sep 2026) · updated 2026-11-15
Home values fell over the past year in 36 of the 787 ZIP codes in the New York area with figures; the median change was +5.1%.
The largest fall was 10.6% in ZIP code 07102 (Newark, NJ), and the tenth-largest was 3.3% in ZIP code 07306 (Jersey City, NJ).
Home values rose 4.9% across the New York area and rose 1.2% nationally over the same 12 months.
Where home prices are falling in the New York area: the first 30 of 36
| Rank | ZIP code | Home values, 1-year change | Typical home value | Rents, 1-year change |
|---|---|---|---|---|
| 1 | 07102Newark, NJ | −10.6% | $399,000 | +1.7% |
| 2 | 11104Sunnyside, New York, NY | −5.2% | $538,000 | +3.3% |
| 3 | 10018Hell's Kitchen, New York, NY | −4.8% | $1,358,000 | +3.6% |
| 4 | 11372Jackson Heights, New York, NY | −4.8% | $422,000 | +2.1% |
| 5 | 10036Hell's Kitchen, New York, NY | −4.5% | $987,000 | +5.4% |
| 6 | 10463Kingsbridge, New York, NY | −4.5% | $368,000 | +3.9% |
| 7 | 07105Newark, NJ | −4.3% | $554,000 | +1.4% |
| 8 | 07114Newark, NJ | −4.3% | $452,000 | −0.9% |
| 9 | 10034Inwood, New York, NY | −4.3% | $466,000 | +4.4% |
| 10 | 07306Jersey City, NJ | −3.3% | $541,000 | +2.7% |
| 11 | 07721Cliffwood, NJ | −3.1% | $520,000 | – |
| 12 | 07088Union, NJ | −3.0% | $465,000 | – |
| 13 | 07107Newark, NJ | −2.9% | $505,000 | +0.4% |
| 14 | 08759Toms River, NJ | −2.3% | $274,000 | – |
| 15 | 10027Harlem, New York, NY | −1.6% | $816,000 | +2.6% |
| 16 | 07416Franklin, NJ | −1.0% | $371,000 | – |
| 17 | 07462Vernon, NJ | −1.0% | $297,000 | – |
| 18 | 10030Harlem, New York, NY | −0.9% | $704,000 | +5.5% |
| 19 | 10031Harlem, New York, NY | −0.9% | $553,000 | +4.8% |
| 20 | 07050Orange, NJ | −0.8% | $462,000 | −1.1% |
| 21 | 07305Jersey City, NJ | −0.8% | $528,000 | +1.8% |
| 22 | 07847Kenvil, NJ | −0.8% | $504,000 | – |
| 23 | 11596Williston Park, NY | −0.8% | $1,020,000 | – |
| 24 | 07501Paterson, NJ | −0.7% | $479,000 | +3.7% |
| 25 | 11374Rego Park, New York, NY | −0.7% | $434,000 | +3.0% |
| 26 | 07465Wanaque, NJ | −0.6% | $511,000 | – |
| 27 | 10451Concourse, New York, NY | −0.6% | $330,000 | +8.6% |
| 28 | 10044Roosevelt Island, New York, NY | −0.5% | $917,000 | +7.2% |
| 29 | 07108Newark, NJ | −0.4% | $507,000 | +1.7% |
| 30 | 07302Jersey City, NJ | −0.4% | $888,000 | +5.1% |
- Under +3.0%
- +3.0% to +4.0%
- +4.0% to +6.0%
- +6.0% to +8.0%
- +8.0% or more
- Not ranked
More rankings for the New York area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Where rents are falling
- Where rents are rising fastest
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- New York metro area: all figures
Where home prices are falling in other metro areas
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Riverside, CA
- San Francisco, CA
- Detroit, MI
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- St. Louis, MO
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Pittsburgh, PA
- Las Vegas, NV
- Cincinnati, OH
- Kansas City, MO
- Columbus, OH
- Indianapolis, IN
- Nashville, TN
- Cleveland, OH
- San Jose, CA
- Virginia Beach, VA
- Jacksonville, FL
- Raleigh, NC
- Oklahoma City, OK
- Louisville, KY
- Memphis, TN
- Salt Lake City, UT
- Fresno, CA
- Birmingham, AL
Source and method
Home values, 1-year change: Zillow ZHVI (Sep 2026); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (787 of them in the New York area). This page lists only the 36 where the figure fell. The metro area is the New York-Newark-Jersey City, NY-NJ metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.