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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 6,132 people, 2,072 houses or apartments, and a median cost of homes of $1,402,035, Larchmont house prices are not only among the most expensive in New York, Larchmont 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 Larchmont, accounting for 66.26% of the village's housing units. Other types of housing that are prevalent in Larchmont include large apartment complexes or high rise apartments ( 28.24%), duplexes, homes converted to apartments or other small apartment buildings ( 4.19%), and a few row houses and other attached homes ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Larchmont. Owner-occupied housing accounts for 70.44% of Larchmont's homes, and 53.98% have either three or four bedrooms, which is average sized relative to America.
The housing in Larchmont was primarily built before 1939 ( 64.24%), making the housing stock in Larchmont some of the oldest overall in America, although there is a range of ages of homes in Larchmont. The next most important housing age is between 1940-1969 ( 30.21%), followed by between 1970-1999 ( 4.47%). There's also some housing in Larchmont built between 2000 and later ( 1.08%).
Appreciation rates for homes in Larchmont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.63%, which ranks in the top 30% nationwide. This equates to an annual average Larchmont house appreciation rate of 1.29%.
NeighborhoodScout's data show that during the latest twelve months, Larchmont's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Larchmont's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New York, our data show that Larchmont's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Larchmont HOMES|
|2000 or Newer||1.1|
|1970 - 1999||4.5|
|1940 - 1969||30.2|
|1939 or Older||64.2|
|TYPE OF Larchmont HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF Larchmont HOMES|
|5 or more bedrooms||12.75|