Cities with the most expensive homes in the New York City metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the New York City metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 555 cities and towns.

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#30. Long Beach Township, NJ

- Typical home value: $2,114,741
- 1-year price change: +11.9%
- 5-year price change: +47.6%

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#29. Mantoloking, NJ

- Typical home value: $2,115,655
- 1-year price change: +11.7%
- 5-year price change: +44.8%

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#28. Montauk, NY

- Typical home value: $2,172,340
- 1-year price change: +4.6%
- 5-year price change: +36.4%

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#27. Lawrence, NY

- Typical home value: $2,259,331
- 1-year price change: +12.7%
- 5-year price change: +62.9%

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#26. Lloyd Harbor, NY

- Typical home value: $2,298,408
- 1-year price change: +2.6%
- 5-year price change: +9.4%

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#25. Harvey Cedars, NJ

- Typical home value: $2,327,180
- 1-year price change: +15.3%
- 5-year price change: +45.1%

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#24. Manhasset, NY

- Typical home value: $2,333,553
- 1-year price change: +10.3%
- 5-year price change: +35.7%

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#23. Sag Harbor, NY

- Typical home value: $2,338,468
- 1-year price change: +5.4%
- 5-year price change: +34.8%

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#22. Purchase, NY

- Typical home value: $2,341,799
- 1-year price change: +7.5%
- 5-year price change: +47.5%

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#21. Rumson, NJ

- Typical home value: $2,377,522
- 1-year price change: +13.2%
- 5-year price change: +51.1%

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#20. Short Hills, NJ

- Typical home value: $2,387,541
- 1-year price change: +8.6%
- 5-year price change: +50.3%

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#19. Laurel Hollow, NY

- Typical home value: $2,396,353
- 1-year price change: +11.3%
- 5-year price change: +44.0%

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#18. Allenhurst, NJ

- Typical home value: $2,407,680
- 1-year price change: +14.1%
- 5-year price change: +79.8%

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#17. Saddle River, NJ

- Typical home value: $2,432,200
- 1-year price change: +13.3%
- 5-year price change: +45.1%

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#16. Oyster Bay Cove, NY

- Typical home value: $2,458,350
- 1-year price change: +12.2%
- 5-year price change: +48.8%

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#15. Muttontown, NY

- Typical home value: $2,489,881
- 1-year price change: +11.4%
- 5-year price change: +42.0%

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#14. Sea Girt, NJ

- Typical home value: $2,578,846
- 1-year price change: +18.9%
- 5-year price change: +70.2%

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#13. Bay Head, NJ

- Typical home value: $2,668,541
- 1-year price change: +22.3%
- 5-year price change: +49.9%

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#12. Upper Brookville, NY

- Typical home value: $2,790,733
- 1-year price change: +11.3%
- 5-year price change: +49.2%

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#11. Quogue, NY

- Typical home value: $2,907,311
- 1-year price change: +5.7%
- 5-year price change: +25.5%

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#10. Old Westbury, NY

- Typical home value: $3,080,704
- 1-year price change: +13.6%
- 5-year price change: +54.3%

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#9. Loch Arbour, NJ

- Typical home value: $3,129,853
- 1-year price change: +13.8%
- 5-year price change: +77.3%

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#8. Amagansett, NY

- Typical home value: $3,251,221
- 1-year price change: +6.6%
- 5-year price change: +18.1%

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#7. Alpine, NJ

- Typical home value: $3,261,624
- 1-year price change: +13.4%
- 5-year price change: +44.3%

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#6. Sands Point, NY

- Typical home value: $3,427,670
- 1-year price change: +11.8%
- 5-year price change: +44.5%

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#5. Wainscott, NY

- Typical home value: $4,375,093
- 1-year price change: +4.6%
- 5-year price change: +20.5%

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#4. Deal, NJ

- Typical home value: $4,574,213
- 1-year price change: +17.2%
- 5-year price change: +68.7%

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#3. Bridgehampton, NY

- Typical home value: $4,805,303
- 1-year price change: +7.0%
- 5-year price change: +41.3%

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#2. Water Mill, NY

- Typical home value: $4,828,550
- 1-year price change: +8.0%
- 5-year price change: +44.0%

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#1. Sagaponack, NY

- Typical home value: $7,933,542
- 1-year price change: +7.6%
- 5-year price change: +42.8%

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