Armonk appreciation rates and housing market information

Armonk housing market information

With 7,173 people, 2,996 houses or apartments, and a median cost of homes of $1,473,336, Armonk house prices are not only among the most expensive in New York, Armonk 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 Armonk, accounting for 94.73% of the town's housing units. Other types of housing that are prevalent in Armonk include row houses and other attached homes (2.57%), duplexes, homes converted to apartments, or other small apartment buildings (1.84%), and a few large apartment complexes or high rise apartments (0.87%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Armonk. Owner-occupied housing accounts for 88.89% of Armonk's homes, and 70.26% 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. Armonk's housing was primarily built during this period, from the '40s through the '60s. A full 45.66% of the town's housing hails from this era. Other housing ages represented in Armonk include homes built between 1970-1994 (31.21%), and housing constructed from 1939 and earlier (14.08%). There's also some housing in Armonk built between 1995 and later (9.05%).

Armonk home appreciation rates

In the last 10 years, Armonk has experienced some of the highest home appreciation rates of any community in the nation. Armonk real estate appreciated 138.12% over the last ten years, which is an average annual home appreciation rate of 13.81%, putting Armonk in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Armonk definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Armonk appreciation rates have trailed the rest of the nation. In the last twelve months, Armonk's appreciation rate has been -3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Armonk were at -0.63%, which equates to an annual appreciation rate of -2.52%.

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

Relative to New York, our data show that Armonk's latest annual appreciation rate is higher than 36% of the other cities and towns in New York.