How Much Is a NYC Taxi Medallion Worth in 2026?

Short answer: About $105,000 per medallion. That is the median price in regular sales of unrestricted medallions from January to September 2026, from TLC's own monthly transfer sheets (119 sales, calculated by TLC Help). Sales marked "Foreclosure" show a much higher median of $200,000, but those are not ordinary market sales.

The numbers and where they come from

TLC publishes a Medallion Transfer Report every month on its Medallion Transfers page. Each sheet lists every sale: the medallion class, the price, a note (such as "Foreclosure" or "Estate") and the number of medallions in the sale. We divided each price by the number of medallions and took the middle value.

What the number means, and what it doesn't

• It is a market signal, not an appraisal. A median tells you the middle of recent deals. Half sold for less, half for more. In 2026 regular sales ranged from about $50,000 to $180,000 per medallion.
• Foreclosure prices are a different thing. Since 2024, the single most common price on foreclosure-noted sales is exactly $200,000 per medallion. TLC doesn't say why. Don't use that number as the price you would pay or get in a normal sale.
• One row can be two medallions. A $350,000 line in the September 2026 sheet was for 2 medallions ($175,000 each). Always divide.
• The class matters. Unrestricted medallions are most of the market. Wheelchair-accessible and alternative-fuel medallions sell rarely (only 8 priced sales of those two classes in 2026 so far), so there is no reliable price for them.
• The car is extra. Since October 18, 2024, any new hack-up must be a wheelchair-accessible vehicle (TLC hack-up page). A buyer needs an approved accessible vehicle on top of the medallion. See can my taxi be a non-accessible car?
• TLC won't vouch for value. Every buyer signs a non-reliance affidavit confirming they don't rely on TLC for the medallion's value (Medallion Transfers page).

How busy is the market?

TLC's Office of Financial Stability counted 811 transfer transactions covering 936 medallions in 2024, and 368 foreclosures (OFS Annual Report 2024). So there are enough sales each month to see a price, but foreclosures are a large share. Full counts are on medallion transfers and foreclosures.

What to do next

1. See the trend yourself. The medallion price history page has the year-by-year chart and a month-by-month table.
2. Buying? Read buying a NYC taxi medallion: the transfer steps, brokers, the accessible-vehicle requirement, and grants that help pay for the car.
3. Already own one? Keep it renewed: see the medallion renewal guide. If you lease it out, know the taxi lease caps.
4. Want the background? The history of the NYC taxi medallion explains how prices fell from the 2014 peak.

More medallion pages are on the medallions hub.