Larchmont, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Larchmont Neighborhoods Since 2000




Larchmont, 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

Larchmont Housing Market Information

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%).

Larchmont Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$1,402,035

Larchmont 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
84.96% 3.63% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,403 / per month

Homeownership Rate

Homeownership
Owners 70.44
Renters 29.56
Vacant 2.49

Housing Market Details

 

Age of Homes

AGE OF Larchmont HOMES
2000 or Newer 1.1
1970 - 1999 4.5
1940 - 1969 30.2
1939 or Older 64.2

Types of Homes

TYPE OF Larchmont HOMES
Single-Family 66.3
Townhomes 1.3
Small Apt. Buildings 4.2
Apt. Complexes 28.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Larchmont HOMES
No Bedroom 4.19
1 Bedroom 19.62
2 Bedrooms 9.46
3 Bedrooms 21.27
4 Bedrooms 32.71
5 or more bedrooms 12.75