Home prices across the Finger Lakes region are rising, and some towns are seeing faster growth than others. New data from Zillow and Redfin shows steady increases in property values, particularly in communities that offer lake access, walkable downtowns, and proximity to tourism hubs.
According to Zillow’s latest Home Value Index, the median home price in New York State is $449,000, up 5.3% year-over-year. In the Finger Lakes, many towns are outpacing that growth.
Here are five towns leading the way in 2025:
1. Canandaigua (Ontario County)
Median Sale Price: $460,000
YoY Growth: 8.2%
Canandaigua’s strong tourism economy, lakefront homes, and historic downtown continue to drive demand. The addition of new dining and hospitality options has added to the town’s year-round appeal.
2. Skaneateles (Onondaga County)
Median Sale Price: $715,000
YoY Growth: 7.8%
Skaneateles remains one of the most desirable lake towns in the region. Its school district, village charm, and high-end housing market are key factors pushing prices higher.
3. Penn Yan (Yates County)
Median Sale Price: $282,000
YoY Growth: 7.4%
Affordable relative to neighboring towns, Penn Yan is attracting both first-time buyers and investors. Its location on Keuka Lake and revitalized Main Street are helping boost demand.
4. Geneva (Ontario/Seneca Counties)
Median Sale Price: $312,000
YoY Growth: 6.9%
With major investments in infrastructure and tourism, Geneva is quickly becoming a year-round destination. The city’s growth is tied to both residential development and hospitality expansion.
5. Hammondsport (Steuben County)
Median Sale Price: $295,000
YoY Growth: 6.4%
Tucked along the southern tip of Keuka Lake, Hammondsport is seeing rising demand as remote workers and second-home buyers look beyond major cities for scenic living.
What’s Driving the Growth?
- Remote work flexibility has made secondary markets more attractive
- Tourism infrastructure like wineries, breweries, and trails brings foot traffic and revenue
- Limited housing inventory is pushing up competition and prices
- Lakefront properties remain in especially high demand
Looking to Buy or Sell?
Experts suggest acting quickly this spring. Inventory typically rises in late April through June, but so does competition. Mortgage rates remain volatile, so locking in early could be key.
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