Short answer. New York metro area home prices have risen about 201% since 2000, according to the FHFA all-transactions house price index for the New York-Newark-Jersey City metro (2000 = 100, 2025 = 301).
The official measure is the Federal Housing Finance Agency's all-transactions house price index for the New York-Newark-Jersey City, NY-NJ metro area, an index built from repeat sales and refinance appraisals on the same homes, so it tracks price change rather than the mix of homes sold. With 2000 set to 100, the index stood at 300.92 in 2025: a gain of 201% in 25 years.
New York metro house price index since 2000, year by year
- 2000: 100.00
- 2001: 110.71
- 2002: 123.62
- 2003: 135.03
- 2004: 154.59
- 2005: 180.12
- 2006: 194.45
- 2007: 193.23
- 2008: 183.96
- 2009: 169.35
- 2010: 163.19
- 2011: 157.83
- 2012: 153.25
- 2013: 154.26
- 2014: 159.46
- 2015: 164.57
- 2016: 170.03
- 2017: 176.54
- 2018: 184.38
- 2019: 190.46
- 2020: 195.87
- 2021: 214.27
- 2022: 241.99
- 2023: 261.64
- 2024: 283.64
- 2025: 300.92
The shape of it
Prices roughly doubled between 2000 and the 2006 peak (194), gave back part of that through the 2012 trough (153), and then climbed without a down year through the pandemic surge. From 2015 to 2025 alone the index rose 83%. Measured from 1990, the gain is 287%.
How this compares with the S&P CoreLogic Case-Shiller New York index
Case-Shiller covers a similar New York commuter area with a different method (purchase-only, value-weighted, three-month moving average, monthly). The two series agree on direction and on the 2006 peak and 2012 trough; the FHFA series used here is annual, includes refinance appraisals, and goes back further, to 1975 for this metro.
Source: FHFA House Price Index, all-transactions, metropolitan statistical areas, annual. Index values are as published; percentages are computed from them.
Sources
U.S. Census Bureau Survey of Construction; National Association of Realtors Existing Home Sales report; Freddie Mac Primary Mortgage Market Survey; National Bureau of Economic Research Business Cycle Dating Committee.