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Armonk, NY—10504

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,613,000
4.1% YoY Growth
Household Income
$247,000
18.8% YoY Growth
Days on Market
92
44.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$5,000
19.4% YoY Growth
1-Bed Rent
$4,200
9.5% YoY Growth
2-Bed Rent
$5,200
10.4% YoY Growth
3-Bed Rent
$7,000
1.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Armonk, NY

As of Dec '25, the median home price in Armonk, NY is $1,613,000, with a year-over-year change of 4.1%. This indicates that home prices in Armonk, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,613,0004.1%
Single Family $1,626,0004.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$1,342,0004.4%
    4 Bed
    		$1,772,0004.5%
    5 Bed $2,735,4415.7%
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    0.6%
    2 Bedrooms
    7.9%
    3 Bedrooms
    29.7%
    4 Bedrooms
    38.8%
    5+ Bedrooms
    20.7%

    Rental Trends — Armonk, NY

    As of July '25, Rentcast reports the average rent in Armonk, NY is $5,200, with a year-over-year rent change of -19.4%. Per bedroom, the median rent as of July '25 in Armonk, NY is studios: $2,300, 1-bedrooms: $4,490, 2-bedrooms: $5,630, 3-bedrooms: $7,000, 4-bedrooms: $7,900. The most common rental property sizes in Armonk, NY are 2-bedroom and 4-bedroom, accounting for 42.3% and 20.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$5,000$5,200
    Studio Rent $2,300$2,300
    1 Bed Rent $4,200$4,490
    2 Bed Rent $5,200$5,630
    3 Bed Rent $7,000$7,000
    4 Bed Rent $7,900$7,900
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    % of Rental Stock

    Studio
    14.6%
    1 Bedroom
    13.1%
    2 Bedrooms
    42.3%
    3 Bedrooms
    9.2%
    4 Bedrooms
    20.8%

    Property Listings — Armonk, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Armonk, NY is 102. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,660,00024.0%
    Listing Count
    		3311.0%
    Listings as % of Homes0.7%11.0%
    Days on Market
    		9244.0%
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    Demographics — Armonk, NY

    As of the latest ACS Survey released in 2023, Armonk, NY has a population of 7,850, which has decreased by -4.9% over the past 5 years. Armonk, NY is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 81.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,850-4.9%
    % Under 18
    		26.9%-3.9%
    % Seniors
    		17.3%18.5%
    % WFH
    		27.2%180.4%
    % w/ College Degree
    		81.1%0.4%
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    As of the latest ACS Survey released in 2023, Armonk, NY is a predominantly white area, with 75.5% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Armonk, NY is hispanic, making up 9.2% of the population. Foreign-born residents account for 13.9% of the population in Armonk, NY, and this percentage has increased by 3.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		75.5%-11.9%
    % Black
    		1.9%280.0%
    % Hispanic
    		9.2%24.3%
    % Asian
    		7.6%100.0%
    % Foreign Born
    		13.9%3.0%
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    Mortgage and Risk — Armonk, NY

    According to HUD data as of 2023, there were 145 mortgage originations in Armonk, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Armonk, NY. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		145
    % Conventional Loans
    		97.0%
    % Government Loans
    		3.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Armonk, NY

    As of 2024, the percent of homes in Armonk, NY under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Armonk, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		2.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$430$4,200$3,770
    2 Bedroom-$1,030$5,200$4,170
    3 Bedroom-$1,800$7,000$5,200
    4 Bedroom-$2,290$7,900$5,610

    Affordability — Armonk, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.1
    Median Home Price$1,613,000
    Median Household Income$247,000

    Armonk, NY — ZIP Code Boundary Map

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    Frequently Asked Questions