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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.



Nyack, 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 Q4 2023. 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

Nyack, NY Housing Market Trends

With a population of 7,189, 3,257 total housing units (homes and apartments), and a median house value of $634,767, Nyack house prices are not only among the most expensive in New York, Nyack real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Nyack, accounting for 38.77% of the village's housing units. Other types of housing that are prevalent in Nyack include duplexes, homes converted to apartments or other small apartment buildings ( 28.76%), single-family detached homes ( 19.37%), and a few row houses and other attached homes ( 13.10%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Nyack is dominated by renter-occupied one, two, or no bedrooms apartments. 68.71% of Nyack's dwellings are rentals.

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. Nyack's housing was primarily built during this period, from the '40s through the '60s. A full 34.10% of the village's housing hails from this era. Other housing ages represented in Nyack include homes built before 1939 ( 28.99%) and housing constructed between 1970-1999 ( 19.17%). There's also some housing in Nyack built between 2000 and later ( 17.74%).

Nyack Home Appreciation Rates

Nyack's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nyack during the period has been just 5.11%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Nyack's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Nyack's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Nyack's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$634,767

Nyack, NY Home Prices
> $1,310,000
$983,001 - $1,310,000
$655,001 - $983,000
$524,001 - $655,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
4.7%
4.7%
12.6%
12.6%
33.0%
33.0%
30.6%
30.6%
10.7%
10.7%
6.4%
6.4%
1.0%
1.0%
0.0%
0.0%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

3,257

Nyack Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,605 / per month

Homeownership Rate

Owners
Renters
31.3%
31.3%
68.7%
68.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.4%
8.4%
91.6%
91.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.7%
17.7%
19.2%
19.2%
34.1%
34.1%
29.0%
29.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
19.4%
19.4%
13.1%
13.1%
28.8%
28.8%
38.8%
38.8%
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
5.6%
5.6%
28.6%
28.6%
44.0%
44.0%
13.9%
13.9%
5.6%
5.6%
2.4%
2.4%
0% 100.0%
% of Homes