Penn Station New York, NY House Prices & Home Values 2026

Average Data

average house price	$3,322,496
average size per house	2157 ft²
average price per ft²	1584 $ / ft²

04/04/2026 - The value range (VR) for house prices in Penn Station New York, NY is $217/ sqft to $6771/ sqft. An average home with 2157 sqft costs approximately $481,175 to $15,013,989. New York, NY includes 2 ZIP codes and it is located in New York county. The lowest prices are found in ZIP 10001, while the highest are in ZIP 10119. The average price per sqare feet is $1584. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Penn Station New York

10001	217 $ / ft²
10119	6771 $ / ft²

Historical development of home values in Penn Station New York

Year	Estimated value (USD)	Change vs. 2025
2010	$1,543,027	-53.6%
2011	$1,483,358	-55.4%
2012	$1,479,364	-55.5%
2013	$1,534,659	-53.8%
2014	$1,610,969	-51.5%
2015	$1,693,650	-49.0%
2016	$1,782,036	-46.4%
2017	$1,878,220	-43.5%
2018	$1,982,058	-40.3%
2019	$2,073,963	-37.6%
2020	$2,181,177	-34.4%
2021	$2,480,853	-25.3%
2022	$2,892,118	-13.0%
2023	$3,049,873	-8.2%
2024	$3,226,312	-2.9%
2025	$3,322,496	0.0%

Graph: estimated home values in Penn Station New York over time (USD)

Example: 100% financing house in Penn Station New York

Loan amount: $3,322,496

Interest rate: 6.17%

Fixed monthly payment: $20,280.32

Breakdown in the 1st month:
Interest portion: $17,077.63 – Principal portion: $3,202.69

Yearly breakdown (100% financing)

Year	Interest per year ($)	Principal per year ($)	Remaining balance at year-end ($)
1	$203,826.24	$39,537.55	$3,282,958.45
2	$201,317.43	$42,046.37	$3,240,912.08
3	$198,649.42	$44,714.37	$3,196,197.71
4	$195,812.12	$47,551.67	$3,148,646.04
5	$192,794.78	$50,569.01	$3,098,077.02
6	$189,585.98	$53,777.82	$3,044,299.21
7	$186,173.57	$57,190.23	$2,987,108.98
8	$182,544.62	$60,819.17	$2,926,289.81
9	$178,685.41	$64,678.39	$2,861,611.42
10	$174,581.31	$68,782.48	$2,792,828.94
11	$170,216.79	$73,147.00	$2,719,681.93
12	$165,575.33	$77,788.47	$2,641,893.47
13	$160,639.34	$82,724.45	$2,559,169.02
14	$155,390.15	$87,973.64	$2,471,195.38
15	$149,807.88	$93,555.91	$2,377,639.47
16	$143,871.39	$99,492.40	$2,278,147.06
17	$137,558.21	$105,805.58	$2,172,341.48
18	$130,844.43	$112,519.36	$2,059,822.12
19	$123,704.64	$119,659.16	$1,940,162.96
20	$116,111.80	$127,252.00	$1,812,910.96
21	$108,037.16	$135,326.64	$1,677,584.33
22	$99,450.15	$143,913.64	$1,533,670.69
23	$90,318.27	$153,045.53	$1,380,625.16
24	$80,606.93	$162,756.86	$1,217,868.30
25	$70,279.37	$173,084.42	$1,044,783.87
26	$59,296.48	$184,067.31	$860,716.56
27	$47,616.69	$195,747.10	$664,969.46
28	$35,195.77	$208,168.02	$456,801.44
29	$21,986.70	$221,377.10	$235,424.34
30	$7,939.45	$235,424.34	$0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.

How to sell in Penn Station New York, NY

	1500 sqft	3900 sqft
Ø selling price	$2,955,459	$6,287,068
Ø fast selling	$2,686,781	$5,658,361
Ø high price sale	$3,224,137	$6,915,774

In 2026, houses in Penn Station New York, NY will be offered at an average price of $1584 per square foot. A 1,500 sqft home priced at $2,955,459 is 23.64% more expensive per square foot than a 3,900 sqft home priced at $6,287,068. Home prices in Penn Station New York, NY vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $4,352,585. Sellers who can wait longer may achieve a higher price of up to $5,319,826.

Penn Station Neighborhood, New York, NY

Overview

The Penn Station neighborhood in Midtown Manhattan centers on one of New York City?s busiest transportation hubs. Anchored by Madison Square Garden and the rebuilt Moynihan Train Hall, the area pulses with commuters and visitors all day. Its prime location near Herald Square and the Garment District makes it a strategic base for exploring New York, NY.

Getting Around

Penn Station offers Amtrak, Long Island Rail Road, and NJ Transit connections, plus multiple subway lines for fast access to the five boroughs. Streets are lively with taxis, bike lanes, and pedestrian routes, giving travelers flexible last?mile options. Hotels and business centers cluster nearby, catering to corporate travelers and event-goers year-round.

Dining and Things to Do

The neighborhood features diverse dining from quick grab?and?go eateries inside the concourse to acclaimed Korean restaurants a short walk to Koreatown. Shoppers frequent Herald Square flagships and Seventh Avenue boutiques, while locals appreciate practical services like pharmacies and gyms. Entertainment thrives with concerts and sports at MSG, seasonal events, and easy walks to the High Line and Hudson Yards.

Growth and Outlook

Ongoing redevelopment around Penn Station aims to improve streetscapes, safety, and commuter flow, enhancing the neighborhood?s convenience and long?term value.

FAQ – Home Values in Penn Station New York

What is the median home value in Penn Station New York in 2026?

In 2026, the typical home value in Penn Station New York is about $3,322,496 for an average home size of 2157 square feet. This corresponds to an average price of roughly $1584 per square foot.

What is the average cost per square foot in Penn Station New York?

In 2026, homes in Penn Station New York sell for an average of around $1584 per square foot, with a typical range between $217 and $6771 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Penn Station?

The average home size in Penn Station New York is about 2157 square feet, with an estimated 2026 value around $3,322,496.

Neighborhoods close to Penn Station New York, NY

Midtown East New York, NY	11 $ / ft²
Windmill Farm Armonk, NY	385 $ / ft²
Bedford Village Bedford, NY	227 $ / ft²
Harlem New York, NY	1025 $ / ft²
West End Fishers Island, NY	141 $ / ft²

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