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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenwich, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenwich, NY Housing Market Trends

With 1,676 people, 744 houses or apartments, and a median cost of homes of $260,388, Greenwich real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Greenwich, accounting for 63.45% of the village's housing units. Other types of housing that are prevalent in Greenwich include duplexes, homes converted to apartments or other small apartment buildings ( 32.06%), large apartment complexes or high rise apartments ( 2.69%), and a few row houses and other attached homes ( 1.79%).

The most prevalent building size and type in Greenwich are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.66% owning and 38.34% renting.

The housing in Greenwich was primarily built before 1939 ( 78.03%), making the housing stock in Greenwich some of the oldest overall in America, although there is a range of ages of homes in Greenwich. The next most important housing age is between 1940-1969 ( 15.70%), followed by between 1970-1999 ( 5.16%). There's also some housing in Greenwich built between 2000 and later ( 1.12%).

Vacant housing appears to be an issue in Greenwich. Fully 16.59% of the housing stock is classified as vacant. Left unchecked, vacant Greenwich homes and apartments can be a drag on the real estate market, holding Greenwich 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.

Greenwich Home Appreciation Rates

Greenwich's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greenwich during the period has been just 4.57%, which is lower than 80% of US communities.

Appreciation rates are so strong in Greenwich that despite a nationwide downturn in the housing market, Greenwich real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenwich appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 91.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenwich. Greenwich appreciation rates in the latest quarter were at 5.09%, which equates to an annual appreciation rate of 21.97%.

Importantly, this makes Greenwich one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Greenwich's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

Median Home Value

$260,388

Greenwich, NY Home Prices
> $1,256,000
$942,001 - $1,256,000
$628,001 - $942,000
$502,001 - $628,000
$376,001 - $502,000
$251,001 - $376,000
$125,001 - $251,000
$63,001 - $125,000
$0 - $63,000
0.1%
0.1%
0.2%
0.2%
2.4%
2.4%
3.5%
3.5%
13.5%
13.5%
35.8%
35.8%
25.3%
25.3%
13.5%
13.5%
5.8%
5.8%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

744

Greenwich Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,699 / per month

Homeownership Rate

Owners
Renters
61.7%
61.7%
38.3%
38.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.6%
16.6%
83.4%
83.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.1%
1.1%
5.2%
5.2%
15.7%
15.7%
78.0%
78.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.5%
63.5%
1.8%
1.8%
32.1%
32.1%
2.7%
2.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
8.6%
8.6%
22.0%
22.0%
43.3%
43.3%
21.9%
21.9%
3.8%
3.8%
0% 100.0%
% of Homes