Garrison, NY—10524
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garrison, NY
As of Oct '25, the median home price in Garrison, NY is $728,000, with a year-over-year change of 2.7%. This indicates that home prices in Garrison, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $728,000 | 2.7% |
| Single Family | $726,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $560,000 | 2.2% |
3 Bed | $661,000 | 2.5% |
4 Bed | $1,004,000 | 3.7% |
| 5 Bed | $1,859,000 | 4.6% |
% of Housing Stock
Rental Trends — Garrison, NY
As of July '25, Rentcast reports the average rent in Garrison, NY is $5,550, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Garrison, NY is 1-bedrooms: $2,000, 2-bedrooms: $3,550, 3-bedrooms: $7,580, 4-bedrooms: $9,000. The most common rental property sizes in Garrison, NY are 2-bedroom and 1-bedroom, accounting for 39.1% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $5,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $3,650 | $3,550 |
| 3 Bed Rent | $7,500 | $7,580 |
| 4 Bed Rent | $9,000 | $9,000 |
% of Rental Stock
Property Listings — Garrison, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Garrison, NY is 36. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,540,000 | -13.0% |
Listing Count | 19 | -32.0% |
| Listings as % of Homes | 0.5% | -32.0% |
Days on Market | 36 | -12.0% |
Demographics — Garrison, NY
As of the latest ACS Survey released in 2023, Garrison, NY has a population of 4,300, which has increased by 1.7% over the past 5 years. Garrison, NY is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 52.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,300 | 1.7% |
% Under 18 | 18.1% | 5.2% |
% Seniors | 24.4% | 27.7% |
% WFH | 25.4% | 146.6% |
% w/ College Degree | 52.6% | -0.4% |
As of the latest ACS Survey released in 2023, Garrison, NY is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Garrison, NY is hispanic, making up 8.4% of the population. Foreign-born residents account for 6.0% of the population in Garrison, NY, and this percentage has decreased by 47.8% 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 | 84.5% | 3.9% |
% Black | 1.4% | -68.9% |
% Hispanic | 8.4% | 13.5% |
% Asian | 1.0% | -72.2% |
% Foreign Born | 6.0% | -47.8% |
Mortgage and Risk — Garrison, NY
According to HUD data as of 2023, there were 44 mortgage originations in Garrison, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Garrison, NY. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Garrison, NY
As of 2024, the percent of homes in Garrison, NY under the Section 8 program is 1.4%. 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 Garrison, 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 | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,120 | $2,000 | $3,120 |
| 2 Bedroom | -$190 | $3,650 | $3,460 |
| 3 Bedroom | -$3,190 | $7,500 | $4,310 |
| 4 Bedroom | -$4,350 | $9,000 | $4,650 |
Affordability — Garrison, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $728,000 |
| Median Household Income | $126,000 |