White Plains, New York Housing Market Prices
White Plains 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 73% above the New York median$816,236
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Median rent 40% above the New York median$2,269
Housing Market Overview
| Metric | White Plains | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $816,236 | $471,885 | $248,835 |
| Price Trend (Annual %) | 17.9% | 7.1% | 7.5% |
| Median Gross Rent | $2,269 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in White Plains is about 73% higher than in New York. Rent is about 40% 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 White Plains, up about 17.9% and 4.4% a year respectively. Home prices are changing faster.
Median rent in White Plains rose about 46.0% between 2015 and 2024, from $1,554 to $2,269. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in White Plains.
Buying the median-priced home in White Plains costs roughly 30.0 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 White Plains. The price-to-rent ratio in New York is about 24.3.
| Metric | White Plains | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $816,236 | $471,885 | $248,835 |
| Median Household Income | $112,484 | $86,556 | $80,455 |
| Price-to-Income Ratio | 7.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in White Plains rose about 225.6%, while median household income rose about 49.5% 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 | White Plains | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 48.8% | 58.5% |
| Rental Rate | 45.5% | 41.1% | 31.2% |
| Vacancy Rate | 7.2% | 10.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
White Plains has a homeownership rate of 47.3%, lower than the New York average of 48.8%. Its housing vacancy rate is 7.2%, compared with 10.1% in New York.
Housing Stock
| Metric | White Plains | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1961 | 1960 | 1978 |
| Median Number of Rooms | 4.2 | 5.0 | 5.5 |
The typical housing unit in White Plains was built around 1961. On average, 2.3 people live in a home with about 4.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in White Plains, New York.
What is the median home price in White Plains, New York?
The median home price in White Plains, New York is $816,236, higher than the New York average of $471,885.
What is the average home price in White Plains, New York?
The typical home price in White Plains, New York, reported as the median sale price, is $816,236. 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 White Plains, New York?
The median gross rent in White Plains, New York is $2,269 per month, higher than the New York average of $1,621.
What was the median gross rent in White Plains in 2020?
In 2020, the median gross rent in White Plains, New York was $1,781 per month.
What is the price-to-rent ratio in White Plains, New York?
The price-to-rent ratio in White Plains, New York is about 30.0, meaning it would take roughly 30.0 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 White Plains.
Are home prices or rent rising faster in White Plains, New York?
Both home prices and rent are rising in White Plains, up about 17.9% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in White Plains, New York?
47.3% of households in White Plains, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in White Plains, New York?
The housing vacancy rate in White Plains, New York is 7.2%, lower than the New York average of 10.1%.
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