White Plains NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

White Plains Housing Market Information

With 58,111 people, 22,929 houses or apartments, and a median cost of homes of $653,214, 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 56.83% of the city's housing units. Other types of housing that are prevalent in White Plains include single-family detached homes ( 29.16%), duplexes, homes converted to apartments or other small apartment buildings ( 10.19%), and a few row houses and other attached homes ( 3.69%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which 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 36.17% of the city's housing hails from this era. Other housing ages represented in White Plains include homes built before 1939 ( 31.30%) and housing constructed between 1970-1999 ( 20.51%). There's also some housing in White Plains built between 2000 and later ( 12.02%).

White Plains Home Appreciation Rates

Real estate appreciation rates in White Plains's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.73% during the period.

Over the last year, White Plains appreciation rates have trailed the rest of the nation. In the last twelve months, White Plains's appreciation rate has been 3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in White Plains were at 1.08%, which equates to an annual appreciation rate of 4.41%.

Relative to New York, our data show that White Plains's latest annual appreciation rate is higher than 50% 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:
$653,214

White Plains, NY HOME PRICES

Value Range
> $1,129,000 7.9
$847,001 - $1,129,000 13.5
$564,001 - $847,000 30.6
$451,001 - $564,000 14.8
$339,001 - $451,000 10.5
$226,001 - $339,000 8.7
$113,001 - $226,000 10.7
$56,001 - $113,000 2.1
$0 - $56,000 1.3

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.01751824817518 11.2222222222222

Number Of Homes And Apartments:
22,929

White Plains Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
79.11% 2.96%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,572 / per month

Homeownership Rate

Homeownership
Owners 51.23
Renters 48.77
Vacant 6.29

Housing Market Details

 

Age of Homes

AGE OF White Plains HOMES
2000 or Newer 12.0
1970 - 1999 20.5
1940 - 1969 36.2
1939 or Older 31.3

Types of Homes

TYPE OF White Plains HOMES
Single-Family 29.2
Townhomes 3.7
Small Apt. Buildings 10.2
Apt. Complexes 56.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF White Plains HOMES
No Bedroom 4.19
1 Bedroom 28.84
2 Bedrooms 28.39
3 Bedrooms 21.84
4 Bedrooms 10.93
5 or more bedrooms 5.80