Elmsford, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Elmsford Neighborhoods Since 2000




Elmsford, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Elmsford Housing Market Information

With a population of 4,810, 1,541 total housing units (homes and apartments), and a median house value of $436,648, real estate costs in Elmsford 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 Elmsford, accounting for 56.22% of the village's housing units. Other types of housing that are prevalent in Elmsford include duplexes, homes converted to apartments or other small apartment buildings ( 21.89%), large apartment complexes or high rise apartments ( 19.09%), and a few row houses and other attached homes ( 2.80%).

The most prevalent building size and type in Elmsford are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 49.59% owning and 50.41% renting.

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. Elmsford's housing was primarily built during this period, from the '40s through the '60s. A full 45.48% of the village's housing hails from this era. Other housing ages represented in Elmsford include homes built between 1970-1999 ( 26.56%) and housing constructed before 1939 ( 24.64%). There's also some housing in Elmsford built between 2000 and later ( 3.33%).

Vacant housing appears to be an issue in Elmsford. Fully 10.04% of the housing stock is classified as vacant. Left unchecked, vacant Elmsford homes and apartments can be a drag on the real estate market, holding Elmsford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Elmsford Home Appreciation Rates

Elmsford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elmsford during the period has been just -2.07%, which is lower than 80% of US communities.

Over the last year, Elmsford appreciation rates have trailed the rest of the nation. In the last twelve months, Elmsford's appreciation rate has been 2.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elmsford were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$436,648

Elmsford, NY HOME PRICES

Value Range
> $1,069,000 6.2
$802,001 - $1,069,000 7.7
$535,001 - $802,000 19.3
$428,001 - $535,000 18.3
$321,001 - $428,000 33.5
$214,001 - $321,000 11.0
$107,001 - $214,000 1.3
$54,001 - $107,000 0.2
$0 - $54,000 2.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.82257119418727 21.2121212121212

Number Of Homes And Apartments:
1,541

Elmsford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
45.32% 2.19% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,734 / per month

Homeownership Rate

Homeownership
Owners 49.59
Renters 50.41
Vacant 10.04

Housing Market Details

 

Age of Homes

AGE OF Elmsford HOMES
2000 or Newer 3.3
1970 - 1999 26.6
1940 - 1969 45.5
1939 or Older 24.6

Types of Homes

TYPE OF Elmsford HOMES
Single-Family 56.2
Townhomes 2.8
Small Apt. Buildings 21.9
Apt. Complexes 19.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Elmsford HOMES
No Bedroom 2.34
1 Bedroom 19.15
2 Bedrooms 24.40
3 Bedrooms 30.12
4 Bedrooms 18.91
5 or more bedrooms 5.08