Lake Mohegan, NY 10547 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake Mohegan, NY—10547

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$564,000

0.2% YoY Growth

Household Income

$155,000

31.9% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$2,600

13.1% YoY Growth

1-Bed Rent

$2,600

4.2% YoY Growth

2-Bed Rent

$2,700

8.4% YoY Growth

3-Bed Rent

$3,400

30.4% YoY Growth

Home Price Trends — Lake Mohegan, NY

As of Dec '25, the median home price in Lake Mohegan, NY is $564,000, with a year-over-year change of -0.2%. This indicates that home prices in Lake Mohegan, NY are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$564,000	-0.2%
Single Family	$589,000	-0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.9%

1 Bedroom

16.4%

2 Bedrooms

64.9%

3 Bedrooms

3.4%

4 Bedrooms

11.3%

Property Listings — Lake Mohegan, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Lake Mohegan, NY is 47. This is a increase of 14.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$535,000	-11.0%
Listing Count	14	23.0%
Listings as % of Homes	0.3%	23.0%
Days on Market	53	-3.0%

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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%

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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%

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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%

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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

Lake Mohegan, NY—10547

Key Metrics at a Glance

Home Price Trends — Lake Mohegan, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Mohegan, NY

% of Rental Stock

Property Listings — Lake Mohegan, NY

Demographics — Lake Mohegan, NY

Race and Ethnicity

Mortgage and Risk — Lake Mohegan, NY

Mortgages

Rentals and Section 8 — Lake Mohegan, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Mohegan, NY

Home Price to Income Ratio

Lake Mohegan, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Crompond

Shrub Oak, NY

Lake Peekskill, NY

Oceola Lake, NY

Cortlandt Manor, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$564,000
Median Household Income	$155,000

Lake Mohegan, NY—10547

Key Metrics at a Glance

Home Price Trends — Lake Mohegan, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Mohegan, NY

% of Rental Stock

Property Listings — Lake Mohegan, NY

Demographics — Lake Mohegan, NY

Race and Ethnicity

Mortgage and Risk — Lake Mohegan, NY

Mortgages

Rentals and Section 8 — Lake Mohegan, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Mohegan, NY

Home Price to Income Ratio

Lake Mohegan, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Crompond

Shrub Oak, NY

Lake Peekskill, NY

Oceola Lake, NY

Cortlandt Manor, NY

Frequently Asked Questions

What is the average home price in Lake Mohegan, NY 10547?

How have home prices in Lake Mohegan, NY 10547 changed over the past year?

What is the home price projection for Lake Mohegan, NY 10547?

What are the demographics of Lake Mohegan, NY 10547?

How long does it take homes to sell in Lake Mohegan, NY 10547?

What is the average rent price in Lake Mohegan, NY 10547?