Westchester County, New York Housing Market Prices
Westchester County 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 2% above the New York median More expensive than 87% of counties in New York$482,100
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Median rent 20% above the New York median Among the 5 most expensive counties in New York$1,950
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Westchester County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $482,100 | $471,885 | $248,835 |
| Price Trend (Annual %) | 6.5% | 7.1% | 7.5% |
| Median Gross Rent | $1,950 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Westchester County is about 2% higher than in New York. Rent is about 20% 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 Westchester County, up about 6.5% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Westchester County rose about 43.0% between 2015 and 2024, from $1,364 to $1,950. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Westchester County.
Buying the median-priced home in Westchester County costs roughly 20.6 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 Westchester County. The price-to-rent ratio in New York is about 24.3.
| Metric | Westchester County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $482,100 | $471,885 | $248,835 |
| Median Household Income | $119,541 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Westchester County rose about 71.5%, while median household income rose about 46.3% 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 | Westchester County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.5% | 48.8% | 58.5% |
| Rental Rate | 36.1% | 41.1% | 31.2% |
| Vacancy Rate | 5.4% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Westchester County has a homeownership rate of 58.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 5.4%, compared with 10.1% in New York.
Housing Stock
| Metric | Westchester County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1960 | 1960 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Westchester County was built around 1960. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Westchester County, NY Housing Compared With Nearby Counties
Westchester County, NY is the 2nd largest of the 6 counties compared here, 998,212 residents against a local median of 563,812. Where Westchester County, NY breaks from the counties next to it is median home price, sitting 19% below the local median of $592,908 at $482,100.
The counties themselves spread $396,051 on median home price, so Westchester County, NY sits at one end of an already wide local range rather than apart from it. Westchester County, NY has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Westchester County, NY | 998,212 | $482,100 #4/6 | $1,950 #2/6 | 61.8% #5/6 |
| Rockland County, NY | 340,860 | $698,715 | $1,900 | 67.9% |
| Putnam County, NY | 98,107 | $388,234 | $1,774 | 83.8% |
| Bronx County, NY | 1,403,126 | $302,664 | $1,457 | 20.1% |
| Western Connecticut Planning Region, CT | 563,812 | $678,908 | $2,108 | 69.4% |
| Bergen County, NJ | 960,507 | $592,908 | $1,913 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Westchester County, New York.
What is the median home price in Westchester County, New York?
The median home price in Westchester County, New York is $482,100, higher than the New York average of $471,885.
What is the average home price in Westchester County, New York?
The typical home price in Westchester County, New York, reported as the median sale price, is $482,100. 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 Westchester County, New York?
The median gross rent in Westchester County, New York is $1,950 per month, higher than the New York average of $1,621.
What was the median gross rent in Westchester County in 2020?
In 2020, the median gross rent in Westchester County, New York was $1,599 per month.
What is the price-to-rent ratio in Westchester County, New York?
The price-to-rent ratio in Westchester County, New York is about 20.6, meaning it would take roughly 20.6 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 Westchester County.
Are home prices or rent rising faster in Westchester County, New York?
Both home prices and rent are rising in Westchester County, up about 6.5% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Westchester County, New York?
58.5% of households in Westchester County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Westchester County, New York?
The housing vacancy rate in Westchester County, New York is 5.4%, lower than the New York average of 10.1%.
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