Nanuet, New York Housing Market Prices
Nanuet Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 32% above the New York median$625,000
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Median rent 37% above the New York median$2,218
Housing Market Overview
| Metric | Nanuet | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $471,885 | $248,835 |
| Price Trend (Annual %) | 10.1% | 7.1% | 7.5% |
| Median Gross Rent | $2,218 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nanuet is about 32% higher than in New York. Rent is about 37% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Nanuet, up about 10.1% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Nanuet rose about 56.3% between 2015 and 2024, from $1,419 to $2,218. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Nanuet.
Buying the median-priced home in Nanuet costs roughly 23.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nanuet. The price-to-rent ratio in New York is about 24.3.
| Metric | Nanuet | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $471,885 | $248,835 |
| Median Household Income | $112,538 | $86,556 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nanuet rose about 119.5%, while median household income rose about 36.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Nanuet | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.8% | 48.8% | 58.5% |
| Rental Rate | 36.8% | 41.1% | 31.2% |
| Vacancy Rate | 3.3% | 10.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Nanuet has a homeownership rate of 59.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.3%, compared with 10.1% in New York.
Housing Stock
| Metric | Nanuet | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1974 | 1960 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Nanuet was built around 1974. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Nanuet, New York.
What is the median home price in Nanuet, New York?
The median home price in Nanuet, New York is $625,000, higher than the New York average of $471,885.
What is the average home price in Nanuet, New York?
The typical home price in Nanuet, New York, reported as the median sale price, is $625,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Nanuet, New York?
The median gross rent in Nanuet, New York is $2,218 per month, higher than the New York average of $1,621.
What was the median gross rent in Nanuet in 2020?
In 2020, the median gross rent in Nanuet, New York was $1,952 per month.
What is the price-to-rent ratio in Nanuet, New York?
The price-to-rent ratio in Nanuet, New York is about 23.5, meaning it would take roughly 23.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Nanuet.
Are home prices or rent rising faster in Nanuet, New York?
Both home prices and rent are rising in Nanuet, up about 10.1% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nanuet, New York?
59.8% of households in Nanuet, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Nanuet, New York?
The housing vacancy rate in Nanuet, New York is 3.3%, lower than the New York average of 10.1%.
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