Greenwich, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenwich, NY Housing Market Trends

With a population of 1,651, 812 total housing units (homes and apartments), and a median house value of $208,435, Greenwich real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Greenwich, accounting for 60.88% of the village's housing units. Other types of housing that are prevalent in Greenwich include duplexes, homes converted to apartments or other small apartment buildings ( 31.38%), large apartment complexes or high rise apartments ( 6.38%), and a few row houses and other attached homes ( 1.05%).

The most prevalent building size and type in Greenwich are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.68% owning and 38.32% renting.

The housing in Greenwich was primarily built before 1939 ( 73.12%), making the housing stock in Greenwich some of the oldest overall in America, although there is a range of ages of homes in Greenwich. The next most important housing age is between 1940-1969 ( 16.21%), followed by between 1970-1999 ( 9.31%). There's also some housing in Greenwich built between 2000 and later ( 1.36%).

Vacant housing appears to be an issue in Greenwich. Fully 15.06% of the housing stock is classified as vacant. Left unchecked, vacant Greenwich homes and apartments can be a drag on the real estate market, holding Greenwich real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greenwich Home Appreciation Rates

Greenwich's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greenwich during the period has been just 2.32%, which is lower than 80% of US communities.

Over the last year, Greenwich appreciation rates have trailed the rest of the nation. In the last twelve months, Greenwich's appreciation rate has been 12.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenwich were at 4.49%, which equates to an annual appreciation rate of 19.21%.

Relative to New York, our data show that Greenwich's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$208,435

Greenwich, NY HOME PRICES

> $1,215,000
0.0%
0.0%
$911,001 - $1,215,000
0.1%
0.1%
$607,001 - $911,000
0.5%
0.5%
$486,001 - $607,000
6.2%
6.2%
$364,001 - $486,000
8.3%
8.3%
$243,001 - $364,000
29.3%
29.3%
$121,001 - $243,000
40.1%
40.1%
$61,001 - $121,000
9.1%
9.1%
$0 - $61,000
6.4%
6.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for NY

Value Relative To Nation

Number Of Homes And Apartments:
812

Greenwich Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
138.98% 4.09%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,239 / per month

Homeownership Rate

Owners
61.7%
61.7%
Renters
38.3%
38.3%
Vacant
15.1%
15.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.4%
1.4%
1970 - 1999
9.3%
9.3%
1940 - 1969
16.2%
16.2%
1939 or Older
73.1%
73.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.9%
60.9%
Townhomes
1.0%
1.0%
Small Apt. Buildings
31.4%
31.4%
Apt. Complexes
6.4%
6.4%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
12.8%
12.8%
2 Bedrooms
16.4%
16.4%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
20.0%
20.0%
5 or more bedrooms
8.7%
8.7%
0.0% 100.0%
% OF HOMES