New Rochelle, New York Housing Market Prices
New Rochelle 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.
-
Median home price 39% above the New York median$656,872
-
Median rent 18% above the New York median$1,916
Housing Market Overview
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $656,872 | $471,885 | $248,835 |
| Price Trend (Annual %) | 1.8% | 7.1% | 7.5% |
| Median Gross Rent | $1,916 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in New Rochelle is about 39% higher than in New York. Rent is about 18% 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 New Rochelle, up about 1.8% and 4.2% a year respectively. Rent is changing faster.
Median rent in New Rochelle rose about 41.0% between 2015 and 2024, from $1,359 to $1,916. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in New Rochelle.
Buying the median-priced home in New Rochelle costs roughly 28.6 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 New Rochelle. The price-to-rent ratio in New York is about 24.3.
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $656,872 | $471,885 | $248,835 |
| Median Household Income | $108,629 | $86,556 | $80,455 |
| Price-to-Income Ratio | 6.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in New Rochelle rose about 24.2%, while median household income rose about 45.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.8% | 48.8% | 58.5% |
| Rental Rate | 44.8% | 41.1% | 31.2% |
| Vacancy Rate | 3.4% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
New Rochelle has a homeownership rate of 51.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.4%, compared with 10.1% in New York.
Housing Stock
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1958 | 1960 | 1978 |
| Median Number of Rooms | 4.7 | 5.0 | 5.5 |
The typical housing unit in New Rochelle was built around 1958. On average, 2.5 people live in a home with about 4.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in New Rochelle, New York.
What is the median home price in New Rochelle, New York?
The median home price in New Rochelle, New York is $656,872, higher than the New York average of $471,885.
What is the average home price in New Rochelle, New York?
The typical home price in New Rochelle, New York, reported as the median sale price, is $656,872. 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 New Rochelle, New York?
The median gross rent in New Rochelle, New York is $1,916 per month, higher than the New York average of $1,621.
What was the median gross rent in New Rochelle in 2020?
In 2020, the median gross rent in New Rochelle, New York was $1,537 per month.
What is the price-to-rent ratio in New Rochelle, New York?
The price-to-rent ratio in New Rochelle, New York is about 28.6, meaning it would take roughly 28.6 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 New Rochelle.
Are home prices or rent rising faster in New Rochelle, New York?
Both home prices and rent are rising in New Rochelle, up about 1.8% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in New Rochelle, New York?
51.8% of households in New Rochelle, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in New Rochelle, New York?
The housing vacancy rate in New Rochelle, New York is 3.4%, lower than the New York average of 10.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →