Eastchester, 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

Eastchester, NY Housing Market Trends

With 19,989 people, 7,757 houses or apartments, and a median cost of homes of $747,025, Eastchester house prices are not only among the most expensive in New York, Eastchester 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 Eastchester, accounting for 50.87% of the town's housing units. Other types of housing that are prevalent in Eastchester include large apartment complexes or high rise apartments ( 34.92%), duplexes, homes converted to apartments or other small apartment buildings ( 12.05%), and a few row houses and other attached homes ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eastchester. Owner-occupied housing accounts for 77.97% of Eastchester's homes, and 51.73% 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. Eastchester's housing was primarily built during this period, from the '40s through the '60s. A full 58.35% of the town's housing hails from this era. Other housing ages represented in Eastchester include homes built before 1939 ( 29.22%) and housing constructed between 1970-1999 ( 9.77%). There's also some housing in Eastchester built between 2000 and later ( 2.66%).

Eastchester Home Appreciation Rates

Eastchester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eastchester during the period has been just 2.80%, which is lower than 70% of US communities.

Over the last year, Eastchester appreciation rates have trailed the rest of the nation. In the last twelve months, Eastchester's appreciation rate has been 7.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eastchester were at 3.14%, which equates to an annual appreciation rate of 13.17%.

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

Average Home Values

 

Median Home Value:
$747,025

Eastchester, NY HOME PRICES

> $1,130,000
7.4%
7.4%
$847,001 - $1,130,000
25.1%
25.1%
$565,001 - $847,000
34.2%
34.2%
$452,001 - $565,000
5.2%
5.2%
$339,001 - $452,000
9.2%
9.2%
$226,001 - $339,000
12.5%
12.5%
$113,001 - $226,000
4.7%
4.7%
$57,001 - $113,000
0.5%
0.5%
$0 - $57,000
1.1%
1.1%
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:
7,757

Eastchester 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
106.95% 3.44%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,076 / per month

Homeownership Rate

Owners
78.0%
78.0%
Renters
22.0%
22.0%
Vacant
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.7%
2.7%
1970 - 1999
9.8%
9.8%
1940 - 1969
58.3%
58.3%
1939 or Older
29.2%
29.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.9%
50.9%
Townhomes
2.0%
2.0%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
34.9%
34.9%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
18.6%
18.6%
2 Bedrooms
24.0%
24.0%
3 Bedrooms
34.2%
34.2%
4 Bedrooms
17.6%
17.6%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES