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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.



Pearl River, 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

Pearl River, NY Housing Market Trends

With 16,567 people, 5,714 houses or apartments, and a median cost of homes of $577,394, real estate costs in Pearl River 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.

Single-family detached homes are the single most common housing type in Pearl River, accounting for 71.20% of the town's housing units. Other types of housing that are prevalent in Pearl River include large apartment complexes or high rise apartments ( 14.15%), duplexes, homes converted to apartments or other small apartment buildings ( 10.98%), and a few row houses and other attached homes ( 3.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearl River. Owner-occupied housing accounts for 75.40% of Pearl River's homes, and 63.28% have either three or four bedrooms, which is average sized relative to America.

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. Pearl River's housing was primarily built during this period, from the '40s through the '60s. A full 54.89% of the town's housing hails from this era. Other housing ages represented in Pearl River include homes built between 1970-1999 ( 22.34%) and housing constructed before 1939 ( 13.26%). There's also some housing in Pearl River built between 2000 and later ( 9.51%).

Pearl River Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pearl River, where house values have increased just 41.28%, which is annualized rate of 3.52%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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

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

Average Home Values

Median Home Value

$577,394

Pearl River, NY Home Prices
> $1,189,000
$892,001 - $1,189,000
$595,001 - $892,000
$476,001 - $595,000
$356,001 - $476,000
$238,001 - $356,000
$119,001 - $238,000
$60,001 - $119,000
$0 - $60,000
2.5%
2.5%
9.1%
9.1%
44.1%
44.1%
28.5%
28.5%
8.4%
8.4%
4.5%
4.5%
1.8%
1.8%
0.5%
0.5%
0.6%
0.6%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

5,714

Pearl River Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,370 / per month

Homeownership Rate

Owners
Renters
75.4%
75.4%
24.6%
24.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.5%
5.5%
94.5%
94.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.5%
9.5%
22.3%
22.3%
54.9%
54.9%
13.3%
13.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.2%
71.2%
3.7%
3.7%
11.0%
11.0%
14.2%
14.2%
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
1.5%
1.5%
13.0%
13.0%
13.6%
13.6%
32.5%
32.5%
30.8%
30.8%
8.6%
8.6%
0% 100.0%
% of Homes