New Rochelle, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Rochelle Neighborhoods Since 2000




New Rochelle, 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

New Rochelle Housing Market Information

With 79,846 people, 28,279 houses or apartments, and a median cost of homes of $533,172, New Rochelle house prices are not only among the most expensive in New York, New Rochelle real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in New Rochelle, accounting for 42.99% of the city's housing units. Other types of housing that are prevalent in New Rochelle include single-family detached homes ( 36.51%), duplexes, homes converted to apartments or other small apartment buildings ( 17.17%), and a few row houses and other attached homes ( 3.30%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in New Rochelle primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. New Rochelle has a mixture of owner-occupied and renter-occupied housing.

The housing in New Rochelle was primarily built before 1939 ( 39.90%), making the housing stock in New Rochelle some of the oldest overall in America, although there is a range of ages of homes in New Rochelle. The next most important housing age is between 1940-1969 ( 39.17%), followed by between 1970-1999 ( 13.28%). There's also some housing in New Rochelle built between 2000 and later ( 7.64%).

New Rochelle Home Appreciation Rates

New Rochelle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Rochelle during the period has been just -0.89%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, New Rochelle's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, New Rochelle's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Rochelle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Rochelle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Rochelle real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$533,172

New Rochelle, NY HOME PRICES

Value Range
> $1,123,000 4.9
$842,001 - $1,123,000 10.1
$561,001 - $842,000 32.5
$449,001 - $561,000 14.4
$337,001 - $449,000 12.5
$225,001 - $337,000 9.3
$112,001 - $225,000 11.2
$56,001 - $112,000 3.2
$0 - $56,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.12129380053908 14.3658810325477

Number Of Homes And Apartments:
28,279

New Rochelle 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
65.59% 2.97% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,877 / per month

Homeownership Rate

Homeownership
Owners 47.57
Renters 52.43
Vacant 5.52

Housing Market Details

 

Age of Homes

AGE OF New Rochelle HOMES
2000 or Newer 7.6
1970 - 1999 13.3
1940 - 1969 39.2
1939 or Older 39.9

Types of Homes

TYPE OF New Rochelle HOMES
Single-Family 36.5
Townhomes 3.3
Small Apt. Buildings 17.2
Apt. Complexes 43.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF New Rochelle HOMES
No Bedroom 5.06
1 Bedroom 25.46
2 Bedrooms 24.82
3 Bedrooms 23.11
4 Bedrooms 12.61
5 or more bedrooms 8.94