Armonk, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Armonk Neighborhoods Since 2000




Armonk, NY Real Estate Data


Armonk Housing Market Information

With 4,469 people, 1,375 houses or apartments, and a median cost of homes of $1,268,330, 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.

Armonk is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Armonk than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Armonk. Owner-occupied housing accounts for 88.95% of Armonk's homes, and 56.88% 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 36.00% of the town's housing hails from this era. Other housing ages represented in Armonk include homes built between 1970-1999 ( 31.69%) and housing constructed before 1939 ( 17.25%). There's also some housing in Armonk built between 2000 and later ( 15.06%).

Armonk Home Appreciation Rates

Armonk's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Armonk during the period has been just -0.91%, which is lower than 70% of US communities.

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 3.34%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Armonk's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,268,330

Armonk, NY HOME PRICES

Value Range
> $1,105,000 51.0
$829,001 - $1,105,000 18.0
$552,001 - $829,000 18.2
$442,001 - $552,000 3.0
$331,001 - $442,000 2.0
$221,001 - $331,000 2.4
$110,001 - $221,000 1.4
$55,001 - $110,000 1.8
$0 - $55,000 2.3

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.679276219476489 2.35690235690236

Number Of Homes And Apartments:
1,375

Rent & Ownership

 

Average Market Rent:
$2,559 / per month

Homeownership Rate

Homeownership
Owners 88.95
Renters 11.05
Vacant 5.89

Housing Market Details

 

Age of Homes

AGE OF Armonk HOMES
2000 or Newer 15.1
1970 - 1999 31.7
1940 - 1969 36.0
1939 or Older 17.2

Types of Homes

TYPE OF Armonk HOMES
Single-Family 83.4
Townhomes 6.6
Small Apt. Buildings 3.1
Apt. Complexes 5.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Armonk HOMES
No Bedroom 0.00
1 Bedroom 6.43
2 Bedrooms 9.31
3 Bedrooms 29.98
4 Bedrooms 26.90
5 or more bedrooms 27.38

Armonk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
61.24% 2.85% 6 7
* 10 is highest