Scarsdale, 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

Scarsdale, NY Housing Market Trends

With 17,871 people, 5,577 houses or apartments, and a median cost of homes of $1,780,716, Scarsdale house prices are not only among the most expensive in New York, Scarsdale real estate also is some of the most expensive in all of America.

Scarsdale is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Scarsdale than is found in 98% of the communities in America.

The large homes that make up Scarsdale are primarily owner-occupied ( 90.11%).

The housing in Scarsdale was primarily built before 1939 ( 48.16%), making the housing stock in Scarsdale some of the oldest overall in America, although there is a range of ages of homes in Scarsdale. The next most important housing age is between 1940-1969 ( 35.45%), followed by between 1970-1999 ( 8.80%). There's also some housing in Scarsdale built between 2000 and later ( 7.58%).

Scarsdale Home Appreciation Rates

Appreciation rates for homes in Scarsdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.80%, which ranks in the top 40% nationwide. This equates to an annual average Scarsdale house appreciation rate of 3.26%.

Over the last year, Scarsdale appreciation rates have trailed the rest of the nation. In the last twelve months, Scarsdale's appreciation rate has been 4.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scarsdale were at 1.78%, which equates to an annual appreciation rate of 7.30%.

Relative to New York, our data show that Scarsdale's latest annual appreciation rate is lower than 60% 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 village. Individual neighborhoods within Scarsdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scarsdale - 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 Scarsdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,780,716

Scarsdale 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
96.86% 3.28%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$5,188 / per month

Homeownership Rate

Owners
90.1%
90.1%
Renters
9.9%
9.9%
Vacant
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.6%
7.6%
1970 - 1999
8.8%
8.8%
1940 - 1969
35.5%
35.5%
1939 or Older
48.2%
48.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.6%
93.6%
Townhomes
0.7%
0.7%
Small Apt. Buildings
0.2%
0.2%
Apt. Complexes
5.4%
5.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
3.6%
3.6%
2 Bedrooms
2.3%
2.3%
3 Bedrooms
18.9%
18.9%
4 Bedrooms
33.0%
33.0%
5 or more bedrooms
42.0%
42.0%
0.0% 100.0%
% OF HOMES