Pearl River, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pearl River Neighborhoods Since 2000




Pearl River, 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

Pearl River Housing Market Information

With a population of 16,264, 5,756 total housing units (homes and apartments), and a median house value of $461,212, Pearl River house prices are not only among the most expensive in New York, Pearl River 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 Pearl River, accounting for 70.79% of the town's housing units. Other types of housing that are prevalent in Pearl River include large apartment complexes or high rise apartments ( 12.29%), duplexes, homes converted to apartments or other small apartment buildings ( 12.28%), and a few mobile homes or trailers ( 2.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearl River. Owner-occupied housing accounts for 78.61% of Pearl River's homes, and 59.04% have either three or four bedrooms, which is average sized relative to America.

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. Pearl River's housing was primarily built during this period, from the '40s through the '60s. A full 58.15% of the town's housing hails from this era. Other housing ages represented in Pearl River include homes built between 1970-1999 ( 21.01%) and housing constructed before 1939 ( 14.86%). There's also some housing in Pearl River built between 2000 and later ( 5.98%).

Pearl River Home Appreciation Rates

Pearl River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pearl River during the period has been just -1.14%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pearl River's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, Pearl River's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Pearl River's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$461,212

Pearl River, NY HOME PRICES

Value Range
> $1,077,000 0.9
$808,001 - $1,077,000 3.9
$539,001 - $808,000 29.2
$431,001 - $539,000 29.0
$323,001 - $431,000 22.9
$216,001 - $323,000 8.7
$108,001 - $216,000 2.2
$54,001 - $108,000 2.4
$0 - $54,000 0.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.03738427282316 19.5286195286195

Number Of Homes And Apartments:
5,756

Pearl River 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
50.79% 2.41% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,854 / per month

Homeownership Rate

Homeownership
Owners 78.61
Renters 21.39
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Pearl River HOMES
2000 or Newer 6.0
1970 - 1999 21.0
1940 - 1969 58.1
1939 or Older 14.9

Types of Homes

TYPE OF Pearl River HOMES
Single-Family 70.8
Townhomes 2.3
Small Apt. Buildings 12.3
Apt. Complexes 12.3
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Pearl River HOMES
No Bedroom 1.70
1 Bedroom 13.43
2 Bedrooms 18.03
3 Bedrooms 28.23
4 Bedrooms 30.81
5 or more bedrooms 7.81