Rye, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Rye, NY Housing Market Trends

With 15,695 people, 5,491 houses or apartments, and a median cost of homes of $1,543,685, Rye house prices are not only among the most expensive in New York, Rye 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 Rye, accounting for 63.14% of the city's housing units. Other types of housing that are prevalent in Rye include large apartment complexes or high rise apartments ( 23.17%), duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), and a few row houses and other attached homes ( 6.27%).

The large homes that make up Rye are primarily owner-occupied ( 72.31%).

The housing in Rye was primarily built before 1939 ( 33.86%), making the housing stock in Rye some of the oldest overall in America, although there is a range of ages of homes in Rye. The next most important housing age is between 1940-1969 ( 33.23%), followed by between 1970-1999 ( 20.81%). There's also some housing in Rye built between 2000 and later ( 12.10%).

Rye Home Appreciation Rates

Appreciation rates for homes in Rye have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 39.05%, which ranks in the top 40% nationwide. This equates to an annual average Rye house appreciation rate of 3.35%.

Over the last year, Rye appreciation rates have trailed the rest of the nation. In the last twelve months, Rye's appreciation rate has been 4.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rye were at 1.70%, which equates to an annual appreciation rate of 6.96%.

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

Average Home Values

 

Median Home Value:
$1,543,685

Rye, NY HOME PRICES

> $1,103,000
65.5%
65.5%
$827,001 - $1,103,000
10.1%
10.1%
$551,001 - $827,000
8.0%
8.0%
$441,001 - $551,000
2.8%
2.8%
$331,001 - $441,000
6.4%
6.4%
$221,001 - $331,000
2.1%
2.1%
$110,001 - $221,000
3.3%
3.3%
$55,001 - $110,000
0.8%
0.8%
$0 - $55,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
5,491

Rye Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
120.35% 3.83%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,810 / per month

Homeownership Rate

Owners
72.3%
72.3%
Renters
27.7%
27.7%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.1%
12.1%
1970 - 1999
20.8%
20.8%
1940 - 1969
33.2%
33.2%
1939 or Older
33.9%
33.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
6.3%
6.3%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
23.2%
23.2%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
12.9%
12.9%
2 Bedrooms
17.2%
17.2%
3 Bedrooms
19.4%
19.4%
4 Bedrooms
24.8%
24.8%
5 or more bedrooms
22.6%
22.6%
0.0% 100.0%
% OF HOMES