With mortgage rates still up about 80% since 2022, the typical U.S. homeowner pays nearly $700 more each month—and, in some markets, an additional $1,000 or more .

The 2025 edition of Construction Coverage’s U.S. Cities Most Impacted by High Interest Rates report looks at where buyers have been hit hardest by this jump in borrowing costs.

New York State Homebuyers Pay $987 More Today

The median home price in New York State moved from $413,792 in 2022 to $481,517 today .

Taking this and the average 30-year fixed interest rate together, estimated monthly mortgage payments in New York State have increased by 64.3% in just three years.

Prospective homebuyers today face an estimated mortgage payment of $2,522 per month , compared to $1,535 in 2022.

Overall, New York Sta

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