Elmsford, NY—10523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmsford, NY
As of Oct '25, the median home price in Elmsford, NY is $664,000, with a year-over-year change of 3.9%. This indicates that home prices in Elmsford, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $664,000 | 3.9% |
| Single Family | $678,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $663,000 | 4.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elmsford, NY
As of July '25, Rentcast reports the average rent in Elmsford, NY is $3,400, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Elmsford, NY is studios: $3,150, 1-bedrooms: $2,680, 2-bedrooms: $3,220, 4-bedrooms: $4,200. The most common rental property sizes in Elmsford, NY are 2-bedroom and 1-bedroom, accounting for 48.9% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,400 |
| Studio Rent | $3,150 | $3,150 |
| 1 Bed Rent | $2,730 | $2,680 |
| 2 Bed Rent | $3,000 | $3,220 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Elmsford, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmsford, NY is 62. This is a increase of 12.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $654,000 | 3.0% |
Listing Count | 19 | 148.0% |
| Listings as % of Homes | 0.2% | 148.0% |
Days on Market | 62 | 12.0% |
Demographics — Elmsford, NY
As of the latest ACS Survey released in 2023, Elmsford, NY has a population of 9,770, which has increased by 7.7% over the past 5 years. Elmsford, NY is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,770 | 7.7% |
% Under 18 | 23.4% | 4.5% |
% Seniors | 10.0% | -18.7% |
% WFH | 9.9% | 280.8% |
% w/ College Degree | 50.9% | 22.1% |
As of the latest ACS Survey released in 2023, Elmsford, NY is a predominantly hispanic area, with 39.6% of the population identifying as hispanic. The hispanic population has grown by 29.8% in the last 5 years. The second most common race or ethnicity in Elmsford, NY is white, making up 26.9% of the population. Foreign-born residents account for 30.2% of the population in Elmsford, NY, and this percentage has decreased by 1.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.9% | -3.6% |
% Black | 22.0% | -29.3% |
% Hispanic | 39.6% | 29.8% |
% Asian | 10.7% | 35.4% |
% Foreign Born | 30.2% | -1.3% |
Mortgage and Risk — Elmsford, NY
According to HUD data as of 2023, there were 135 mortgage originations in Elmsford, NY, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Elmsford, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Elmsford, NY
Elmsford, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,040 | $2,730 | $3,770 |
| 2 Bedroom | $1,170 | $3,000 | $4,170 |
| 3 Bedroom | N/A | N/A | $5,200 |
| 4 Bedroom | $1,410 | $4,200 | $5,610 |
Affordability — Elmsford, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $664,000 |
| Median Household Income | $116,000 |