Rye, 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 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

Rye, NY Housing Market Trends

With 15,695 people, 5,491 houses or apartments, and a median cost of homes of $1,608,553, Rye house prices are not only among the most expensive in New York, Rye 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 Rye, accounting for 63.14% of the city's housing units. Other types of housing that are prevalent in Rye include large apartment complexes or high rise apartments ( 23.17%), duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), and a few row houses and other attached homes ( 6.27%).

The large homes that make up Rye are primarily owner-occupied ( 72.31%).

The housing in Rye was primarily built before 1939 ( 33.86%), making the housing stock in Rye some of the oldest overall in America, although there is a range of ages of homes in Rye. The next most important housing age is between 1940-1969 ( 33.24%), followed by between 1970-1999 ( 20.81%). There's also some housing in Rye built between 2000 and later ( 12.10%).

Rye Home Appreciation Rates

Real estate appreciation rates in Rye's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.55% during the period.

Over the last year, Rye appreciation rates have trailed the rest of the nation. In the last twelve months, Rye's appreciation rate has been 7.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rye were at 3.15%, which equates to an annual appreciation rate of 13.19%.

Relative to New York, our data show that Rye's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,608,553

Rye, NY HOME PRICES

> $1,149,000
65.5%
65.5%
$862,001 - $1,149,000
10.1%
10.1%
$575,001 - $862,000
8.0%
8.0%
$460,001 - $575,000
2.8%
2.8%
$345,001 - $460,000
6.4%
6.4%
$230,001 - $345,000
2.1%
2.1%
$115,001 - $230,000
3.3%
3.3%
$57,001 - $115,000
0.8%
0.8%
$0 - $57,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
5,491

Rye Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
125.11% 3.85%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,023 / per month

Homeownership Rate

Owners
72.3%
72.3%
Renters
27.7%
27.7%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.1%
12.1%
1970 - 1999
20.8%
20.8%
1940 - 1969
33.2%
33.2%
1939 or Older
33.9%
33.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
6.3%
6.3%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
23.2%
23.2%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
12.9%
12.9%
2 Bedrooms
17.2%
17.2%
3 Bedrooms
19.4%
19.4%
4 Bedrooms
24.8%
24.8%
5 or more bedrooms
22.6%
22.6%
0.0% 100.0%
% OF HOMES