Ossining, New York Housing Market Prices
Ossining 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 5% below the New York median$447,088
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Median rent 33% above the New York median$2,154
Housing Market Overview
| Metric | Ossining | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,088 | $471,885 | $248,835 |
| Price Trend (Annual %) | 7.1% | 7.1% | 7.5% |
| Median Gross Rent | $2,154 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ossining is about 5% lower than in New York. Rent is about 33% 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 Ossining, up about 7.1% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Ossining rose about 51.9% between 2015 and 2024, from $1,418 to $2,154. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Ossining.
Buying the median-priced home in Ossining costs roughly 17.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ossining. The price-to-rent ratio in New York is about 24.3.
| Metric | Ossining | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,088 | $471,885 | $248,835 |
| Median Household Income | $102,781 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ossining rose about 54.3%, while median household income rose about 39.4% 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 | Ossining | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.0% | 48.8% | 58.5% |
| Rental Rate | 46.4% | 41.1% | 31.2% |
| Vacancy Rate | 4.6% | 10.1% | 10.2% |
| Median Tenure (years) | 13.0 | 17.0 | 15.0 |
| Median Year Moved In | 2013 | 2009 | 2011 |
Ossining has a homeownership rate of 49.0%, about the same as the New York average of 48.8%. Its housing vacancy rate is 4.6%, compared with 10.1% in New York.
Housing Stock
| Metric | Ossining | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1956 | 1960 | 1978 |
| Median Number of Rooms | 4.5 | 5.0 | 5.5 |
The typical housing unit in Ossining was built around 1956. On average, 2.7 people live in a home with about 4.5 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ossining, New York.
What is the median home price in Ossining, New York?
The median home price in Ossining, New York is $447,088, lower than the New York average of $471,885.
What is the average home price in Ossining, New York?
The typical home price in Ossining, New York, reported as the median sale price, is $447,088. 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 Ossining, New York?
The median gross rent in Ossining, New York is $2,154 per month, higher than the New York average of $1,621.
What was the median gross rent in Ossining in 2020?
In 2020, the median gross rent in Ossining, New York was $1,770 per month.
What is the price-to-rent ratio in Ossining, New York?
The price-to-rent ratio in Ossining, New York is about 17.3, meaning it would take roughly 17.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ossining.
Are home prices or rent rising faster in Ossining, New York?
Both home prices and rent are rising in Ossining, up about 7.1% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ossining, New York?
49.0% of households in Ossining, New York own their home, about the same as the New York average.
What is the vacancy rate in Ossining, New York?
The housing vacancy rate in Ossining, New York is 4.6%, lower than the New York average of 10.1%.
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