Cold Spring, NY—10516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cold Spring, NY
As of Oct '25, the median home price in Cold Spring, NY is $706,000, with a year-over-year change of 1.1%. This indicates that home prices in Cold Spring, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $706,000 | 1.1% |
| Single Family | $717,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $581,000 | 0.9% |
3 Bed | $711,000 | 0.7% |
4 Bed | $896,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cold Spring, NY
As of July '25, Rentcast reports the average rent in Cold Spring, NY is $3,470, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Cold Spring, NY is 1-bedrooms: $2,370, 2-bedrooms: $3,960, 3-bedrooms: $3,690, 4-bedrooms: $5,750. The most common rental property sizes in Cold Spring, NY are 1-bedroom and 3-bedroom, accounting for 45.6% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,370 |
| 2 Bed Rent | $2,900 | $3,960 |
| 3 Bed Rent | $3,500 | $3,690 |
| 4 Bed Rent | $5,750 | $5,750 |
% of Rental Stock
Property Listings — Cold Spring, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cold Spring, NY is 52. This is a increase of 19.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $846,000 | 6.0% |
Listing Count | 26 | 27.0% |
| Listings as % of Homes | 0.7% | 27.0% |
Days on Market | 52 | 19.0% |
Demographics — Cold Spring, NY
As of the latest ACS Survey released in 2023, Cold Spring, NY has a population of 5,610, which has increased by 1.2% over the past 5 years. Cold Spring, NY is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 61.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,610 | 1.2% |
% Under 18 | 21.9% | 0.9% |
% Seniors | 21.0% | 7.7% |
% WFH | 20.6% | 49.3% |
% w/ College Degree | 61.7% | 12.4% |
As of the latest ACS Survey released in 2023, Cold Spring, NY is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Cold Spring, NY is hispanic, making up 4.8% of the population. Foreign-born residents account for 7.8% of the population in Cold Spring, NY, and this percentage has increased by 18.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.6% | -2.9% |
% Black | 4.7% | 1,466.7% |
% Hispanic | 4.8% | -41.5% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 7.8% | 18.2% |
Mortgage and Risk — Cold Spring, NY
According to HUD data as of 2023, there were 87 mortgage originations in Cold Spring, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Cold Spring, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cold Spring, NY
As of 2024, the percent of homes in Cold Spring, NY under the Section 8 program is 12.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Cold Spring, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 77 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $2,300 | $2,390 |
| 2 Bedroom | -$250 | $2,900 | $2,650 |
| 3 Bedroom | -$200 | $3,500 | $3,300 |
| 4 Bedroom | -$2,190 | $5,750 | $3,560 |
Affordability — Cold Spring, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $706,000 |
| Median Household Income | $136,000 |