New York City-area housing leads fastest-growing markets; lone outlier is Tuxedo Park

New York State's fastest-growing home values over the 12 months ending in August 2025 occurred almost exclusively in the New York City metropolitan area, according to a Stacker analysis of Zillow data. Among the state's top 50 markets by price gains, every entry lies within commuting distance of Manhattan except for one.

The list is led by wealthy Long Island and Westchester communities. Sagaponack tops the rankings, with an average year-over-year gain of nearly $300,000 and a typical value above $7 million. The five-year trajectory is also steep, with a roughly 61.4% increase to about $2.69 million. Sands Point ranks No. 2, where the typical home value is $3.05 million and the year-over-year gain is about $185,000, a 6.5% rise; five-year gains approach 47% to nearly $1 million. Bridgehampton sits third, with a typical home value just over $4.4 million, a 4.1% annual increase and five-year growth of about 65% to $1.73 million. Great Neck, on the North Shore, rounds out the top 10, with a typical value of $1.39 million, a 9.6% year-over-year rise (about $122,422) and a five-year increase of roughly 39% to $392,932. Purchase in Westchester is No. 9, where the typical home value is $2.1 million, a about 6.5% year-over-year gain of roughly $127,000, and a five-year climb of about 53% to roughly $729,000.

Tuxedo Park, a gated village in Orange County about an hour north of Manhattan, is the lone exception on the list. The median home value there rose past $1.2 million, up more than 7% in the past year and roughly 65% over five years. The year-over-year and five-year increases cited in the analysis are about $86,931 and $506,599, respectively, underscoring the town's outsized gains within a state where most of the action is in the city’s orbit. It ranked No. 21 on the list.

Even suburban spots like Dix Hills (pictured here) and Great Neck recorded strong appreciation, despite higher mortgage rates that have left U.S. home values broadly flat. Nationwide, the typical home value was flat at roughly $364,000 in August, a reflection of the cooling effect of rising mortgage rates. The contrast highlights how the New York City metro area has concentrated price gains in a handful of upscale communities, even as the national market slows.

Stacker identified the markets by tracking price gains for the 12 months ending in August 2025 using Zillow data. The analysis shows that, while affordability pressures and rate moves have cooled the broader market, a cluster of high-value ZIPs in the NYC metro area has continued to post notable appreciation, reinforcing the region's status as a magnet for wealthier buyers seeking high-end properties in close proximity to Manhattan.