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Larchmont, 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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Larchmont, NY Housing Market Trends

With a population of 6,630, 2,207 total housing units (homes and apartments), and a median house value of $1,766,165, Larchmont house prices are not only among the most expensive in New York, Larchmont real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Larchmont, accounting for 70.11% of the village's housing units. Other types of housing that are prevalent in Larchmont include large apartment complexes or high rise apartments ( 26.98%), row houses and other attached homes ( 2.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Larchmont. Owner-occupied housing accounts for 75.73% of Larchmont's homes, and 49.67% have either three or four bedrooms, which is average sized relative to America.

The housing in Larchmont was primarily built before 1939 ( 47.37%), making the housing stock in Larchmont some of the oldest overall in America, although there is a range of ages of homes in Larchmont. The next most important housing age is between 1940-1969 ( 39.87%), followed by between 1970-1999 ( 9.09%). There's also some housing in Larchmont built between 2000 and later ( 3.66%).

Larchmont Home Appreciation Rates

Real estate appreciation rates in Larchmont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.74% during the period.

Over the last year, Larchmont appreciation rates have trailed the rest of the nation. In the last twelve months, Larchmont's appreciation rate has been 10.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Larchmont were at 0.94%, which equates to an annual appreciation rate of 3.81%.

Notably, Larchmont's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Larchmont's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,766,165

Larchmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
155.52% 4.26%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,005 / per month

Homeownership Rate

Owners
Renters
Vacant
75.7%
75.7%
24.3%
24.3%
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
9.1%
9.1%
39.9%
39.9%
47.4%
47.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.1%
70.1%
2.3%
2.3%
0.6%
0.6%
27.0%
27.0%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
9.8%
9.8%
16.5%
16.5%
27.2%
27.2%
22.5%
22.5%
22.4%
22.4%
0.0% 100.0%
% OF HOMES