Larchmont, NY—10538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Larchmont, NY
As of Oct '25, the median home price in Larchmont, NY is $1,600,000, with a year-over-year change of 8.0%. This indicates that home prices in Larchmont, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,600,000 | 8.0% |
| Single Family | $1,775,000 | 9.1% |
| Condos | $469,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $792,000 | 5.0% |
3 Bed | $1,303,000 | 8.0% |
4 Bed | $1,832,000 | 9.3% |
| 5 Bed | $2,690,000 | 9.8% |
% of Housing Stock
Rental Trends — Larchmont, NY
As of July '25, Rentcast reports the average rent in Larchmont, NY is $4,020, with a year-over-year rent change of -32.4%. Per bedroom, the median rent as of July '25 in Larchmont, NY is studios: $2,100, 1-bedrooms: $2,440, 2-bedrooms: $4,310, 3-bedrooms: $6,500, 4-bedrooms: $7,110. The most common rental property sizes in Larchmont, NY are 1-bedroom and 2-bedroom, accounting for 48.1% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $4,020 |
| Studio Rent | $2,100 | $2,100 |
| 1 Bed Rent | $2,450 | $2,440 |
| 2 Bed Rent | $3,600 | $4,310 |
| 3 Bed Rent | $7,200 | $6,500 |
| 4 Bed Rent | $6,000 | $7,110 |
% of Rental Stock
Property Listings — Larchmont, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Larchmont, NY is 31. This is a decrease of -4.0% 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 | $899,000 | 12.0% |
Listing Count | 63 | 105.0% |
| Listings as % of Homes | 0.3% | 105.0% |
Days on Market | 31 | -4.0% |
Demographics — Larchmont, NY
As of the latest ACS Survey released in 2023, Larchmont, NY has a population of 17,700, which has increased by 7.0% over the past 5 years. Larchmont, NY is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 82.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | 7.0% |
% Under 18 | 25.8% | -13.1% |
% Seniors | 13.3% | -3.6% |
% WFH | 25.9% | 114.0% |
% w/ College Degree | 82.0% | 2.6% |
As of the latest ACS Survey released in 2023, Larchmont, NY is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Larchmont, NY is hispanic, making up 9.3% of the population. Foreign-born residents account for 15.9% of the population in Larchmont, NY, and this percentage has decreased by 5.4% 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 | 77.7% | -3.8% |
% Black | 4.1% | 141.2% |
% Hispanic | 9.3% | 0.0% |
% Asian | 3.7% | -31.5% |
% Foreign Born | 15.9% | -5.4% |
Mortgage and Risk — Larchmont, NY
According to HUD data as of 2023, there were 245 mortgage originations in Larchmont, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Larchmont, NY. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 245 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Larchmont, NY
As of 2024, the percent of homes in Larchmont, NY under the Section 8 program is 5.9%. 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 Larchmont, 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 | 96 |
Total Units Section 8 | 96 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $2,450 | $2,870 |
| 2 Bedroom | -$420 | $3,600 | $3,180 |
| 3 Bedroom | -$3,240 | $7,200 | $3,960 |
| 4 Bedroom | -$1,720 | $6,000 | $4,280 |
Affordability — Larchmont, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $1,600,000 |
| Median Household Income | $187,000 |