Lake Mohegan, NY—10547
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Mohegan, NY
As of Oct '25, the median home price in Lake Mohegan, NY is $561,000, with a year-over-year change of -0.0%. This indicates that home prices in Lake Mohegan, NY are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $561,000 | -0.0% |
| Single Family | $584,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $451,000 | 0.4% |
3 Bed | $585,000 | 1.4% |
4 Bed | $751,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Mohegan, NY
As of July '25, Rentcast reports the average rent in Lake Mohegan, NY is $2,780, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Lake Mohegan, NY is studios: $2,000, 1-bedrooms: $2,500, 2-bedrooms: $2,840, 3-bedrooms: $3,480, 4-bedrooms: $4,300. The most common rental property sizes in Lake Mohegan, NY are 2-bedroom and 1-bedroom, accounting for 64.9% and 16.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,780 |
| Studio Rent | $1,800 | $2,000 |
| 1 Bed Rent | $2,600 | $2,500 |
| 2 Bed Rent | $2,700 | $2,840 |
| 3 Bed Rent | $3,400 | $3,480 |
| 4 Bed Rent | $4,300 | $4,300 |
% of Rental Stock
Property Listings — Lake Mohegan, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Mohegan, NY is 41. This is a increase of 38.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $516,000 | -2.0% |
Listing Count | 28 | 60.0% |
| Listings as % of Homes | 0.3% | 60.0% |
Days on Market | 41 | 38.0% |
Demographics — Lake Mohegan, NY
As of the latest ACS Survey released in 2023, Lake Mohegan, NY has a population of 7,360, which has decreased by -4.9% over the past 5 years. Lake Mohegan, NY is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 52.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,360 | -4.9% |
% Under 18 | 20.4% | -6.0% |
% Seniors | 15.4% | 24.2% |
% WFH | 13.0% | 348.3% |
% w/ College Degree | 52.4% | 32.3% |
As of the latest ACS Survey released in 2023, Lake Mohegan, NY is a predominantly white area, with 54.6% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Lake Mohegan, NY is hispanic, making up 24.6% of the population. Foreign-born residents account for 13.2% of the population in Lake Mohegan, NY, and this percentage has decreased by 30.2% 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 | 54.6% | -13.7% |
% Black | 16.5% | 135.7% |
% Hispanic | 24.6% | -4.3% |
% Asian | 2.6% | -48.0% |
% Foreign Born | 13.2% | -30.2% |
Mortgage and Risk — Lake Mohegan, NY
According to HUD data as of 2023, there were 47 mortgage originations in Lake Mohegan, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Mohegan, NY. Investor activity is low, as 0.0% 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 | 47 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lake Mohegan, NY
As of 2024, the percent of homes in Lake Mohegan, 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Mohegan, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,600 | $2,740 |
| 2 Bedroom | $330 | $2,700 | $3,030 |
| 3 Bedroom | $380 | $3,400 | $3,780 |
| 4 Bedroom | -$230 | $4,300 | $4,070 |
Affordability — Lake Mohegan, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $561,000 |
| Median Household Income | $155,000 |