Rye, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rye Neighborhoods Since 2000




Rye, 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

Rye Housing Market Information

With 16,046 people, 5,467 houses or apartments, and a median cost of homes of $1,297,953, 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 63.95% of the city's housing units. Other types of housing that are prevalent in Rye include large apartment complexes or high rise apartments ( 23.02%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few row houses and other attached homes ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rye. Owner-occupied housing accounts for 73.15% of Rye's homes, and 46.61% 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. Rye's housing was primarily built during this period, from the '40s through the '60s. A full 37.12% of the city's housing hails from this era. Other housing ages represented in Rye include homes built before 1939 ( 36.12%) and housing constructed between 1970-1999 ( 21.26%). There's also some housing in Rye built between 2000 and later ( 5.50%).

Rye Home Appreciation Rates

In the last 10 years, Rye has experienced some of the highest home appreciation rates of any community in the nation. Rye real estate appreciated 26.02% over the last ten years, which is an average annual home appreciation rate of 2.34%, putting Rye in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rye definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Rye that despite a nationwide downturn in the housing market, Rye real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rye appreciation rates continue to be some of the highest in America, at 9.42%, which is higher than appreciation rates in 92.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rye. Rye appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Rye's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,297,953

Rye, NY HOME PRICES

Value Range
> $1,247,000 53.5
$935,001 - $1,247,000 17.0
$623,001 - $935,000 10.2
$499,001 - $623,000 2.8
$374,001 - $499,000 5.3
$249,001 - $374,000 2.8
$125,001 - $249,000 4.7
$62,001 - $125,000 2.5
$0 - $62,000 1.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.62111801242236 2.1324354657688

Number Of Homes And Apartments:
5,467

Rye 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
114.94% 4.54% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,922 / per month

Homeownership Rate

Homeownership
Owners 73.15
Renters 26.85
Vacant 5.79

Housing Market Details

 

Age of Homes

AGE OF Rye HOMES
2000 or Newer 5.5
1970 - 1999 21.3
1940 - 1969 37.1
1939 or Older 36.1

Types of Homes

TYPE OF Rye HOMES
Single-Family 63.9
Townhomes 5.2
Small Apt. Buildings 7.2
Apt. Complexes 23.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Rye HOMES
No Bedroom 1.53
1 Bedroom 13.72
2 Bedrooms 17.49
3 Bedrooms 22.75
4 Bedrooms 23.87
5 or more bedrooms 20.64