White Plains, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating White Plains Neighborhoods Since 2000




White Plains, 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

White Plains Housing Market Information

With 58,459 people, 21,877 houses or apartments, and a median cost of homes of $491,260, White Plains house prices are not only among the most expensive in New York, White Plains 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 White Plains, accounting for 54.57% of the city's housing units. Other types of housing that are prevalent in White Plains include single-family detached homes ( 28.75%), duplexes, homes converted to apartments or other small apartment buildings ( 13.21%), and a few row houses and other attached homes ( 3.25%). 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 White Plains primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. White Plains has a mixture of owner-occupied and renter-occupied housing.

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. White Plains's housing was primarily built during this period, from the '40s through the '60s. A full 35.86% of the city's housing hails from this era. Other housing ages represented in White Plains include homes built before 1939 ( 32.89%) and housing constructed between 1970-1999 ( 20.44%). There's also some housing in White Plains built between 2000 and later ( 10.81%).

White Plains Home Appreciation Rates

White Plains's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in White Plains during the period has been just -0.92%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, White Plains's appreciation rate, at 3.31%, has been at or slightly above the national average. In the latest quarter, White Plains's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$491,260

White Plains, NY HOME PRICES

Value Range
> $1,087,000 6.9
$815,001 - $1,087,000 12.3
$543,001 - $815,000 27.4
$435,001 - $543,000 13.4
$326,001 - $435,000 14.4
$217,001 - $326,000 11.4
$109,001 - $217,000 10.3
$55,001 - $109,000 1.7
$0 - $55,000 2.3

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.15844368920661 17.6206509539843

Number Of Homes And Apartments:
21,877

White Plains 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
59.33% 2.74% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,299 / per month

Homeownership Rate

Homeownership
Owners 49.53
Renters 50.47
Vacant 5.35

Housing Market Details

 

Age of Homes

AGE OF White Plains HOMES
2000 or Newer 10.8
1970 - 1999 20.4
1940 - 1969 35.9
1939 or Older 32.9

Types of Homes

TYPE OF White Plains HOMES
Single-Family 28.7
Townhomes 3.2
Small Apt. Buildings 13.2
Apt. Complexes 54.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF White Plains HOMES
No Bedroom 5.44
1 Bedroom 29.10
2 Bedrooms 27.61
3 Bedrooms 21.16
4 Bedrooms 11.64
5 or more bedrooms 5.06