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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



New Rochelle, 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 Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

New Rochelle, NY Housing Market Trends

With 82,288 people, 29,905 houses or apartments, and a median cost of homes of $641,913, real estate costs in New Rochelle are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Large apartment complexes or high rise apartments are the single most common housing type in New Rochelle, accounting for 44.19% of the city's housing units. Other types of housing that are prevalent in New Rochelle include single-family detached homes ( 37.48%), duplexes, homes converted to apartments or other small apartment buildings ( 12.81%), and a few row houses and other attached homes ( 4.86%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in New Rochelle primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. New Rochelle has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Rochelle's housing was primarily built during this period, from the '40s through the '60s. A full 37.82% of the city's housing hails from this era. Other housing ages represented in New Rochelle include homes built before 1939 ( 37.56%) and housing constructed between 1970-1999 ( 14.19%). There's also some housing in New Rochelle built between 2000 and later ( 10.44%).

New Rochelle Home Appreciation Rates

New Rochelle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Rochelle during the period has been just 5.26%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, New Rochelle's appreciation rate, at 10.51%, has been at or slightly above the national average. In the latest quarter, New Rochelle's appreciation rate has been 4.14%, which annualizes to a rate of 17.62%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Rochelle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Rochelle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Rochelle real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$641,913

New Rochelle, NY Home Prices
> $1,231,000
$923,001 - $1,231,000
$615,001 - $923,000
$492,001 - $615,000
$369,001 - $492,000
$246,001 - $369,000
$123,001 - $246,000
$62,001 - $123,000
$0 - $62,000
12.2%
12.2%
18.0%
18.0%
30.2%
30.2%
10.6%
10.6%
8.5%
8.5%
7.2%
7.2%
7.2%
7.2%
2.0%
2.0%
4.0%
4.0%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

29,905

New Rochelle Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,411 / per month

Homeownership Rate

Owners
Renters
50.0%
50.0%
50.0%
50.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.8%
3.8%
96.2%
96.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
14.2%
14.2%
37.8%
37.8%
37.6%
37.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.5%
37.5%
4.9%
4.9%
12.8%
12.8%
44.2%
44.2%
0.6%
0.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.0%
7.0%
24.2%
24.2%
23.3%
23.3%
25.6%
25.6%
12.7%
12.7%
7.1%
7.1%
0% 100.0%
% of Homes