Purchase, NY—10577
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Purchase, NY
As of Oct '25, the median home price in Purchase, NY is $2,160,000, with a year-over-year change of 6.3%. This indicates that home prices in Purchase, 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 | $2,160,000 | 6.3% |
| Single Family | $2,153,000 | 6.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | $3,435,000 | 5.4% |
% of Housing Stock
Rental Trends — Purchase, NY
As of July '25, Rentcast reports the average rent in Purchase, NY is $8,200, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Purchase, NY is 3-bedrooms: $7,900, 4-bedrooms: $8,500. The most common rental property sizes in Purchase, NY are 4-bedroom and 2-bedroom, accounting for 52.9% and 47.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $7,900 | $8,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $7,900 | $7,900 |
| 4 Bed Rent | $8,500 | $8,500 |
% of Rental Stock
Property Listings — Purchase, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Purchase, NY is 121. This is a increase of 91.0% 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 | $4,350,000 | 12.0% |
Listing Count | 15 | 11.0% |
| Listings as % of Homes | 1.4% | 11.0% |
Days on Market | 121 | 91.0% |
Demographics — Purchase, NY
As of the latest ACS Survey released in 2023, Purchase, NY has a population of 5,900, which has decreased by -7.4% over the past 5 years. Purchase, NY is a less popular place for families, as children make up 10.3% of the population. The area has a highly educated workforce, with 81.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,900 | -7.4% |
% Under 18 | 10.3% | -14.2% |
% Seniors | 9.4% | 22.1% |
% WFH | 26.0% | 106.3% |
% w/ College Degree | 81.8% | 11.7% |
As of the latest ACS Survey released in 2023, Purchase, NY is a predominantly white area, with 64.0% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Purchase, NY is hispanic, making up 15.4% of the population. Foreign-born residents account for 13.3% of the population in Purchase, NY, and this percentage has decreased by 7.0% 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 | 64.0% | -4.9% |
% Black | 10.9% | -17.4% |
% Hispanic | 15.4% | 16.7% |
% Asian | 6.6% | 29.4% |
% Foreign Born | 13.3% | -7.0% |
Mortgage and Risk — Purchase, NY
According to HUD data as of 2023, there were 50 mortgage originations in Purchase, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Purchase, NY. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 50 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Purchase, NY
Purchase, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,990 |
| 2 Bedroom | N/A | N/A | $3,310 |
| 3 Bedroom | -$3,780 | $7,900 | $4,120 |
| 4 Bedroom | -$4,050 | $8,500 | $4,450 |
Affordability — Purchase, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $2,160,000 |
| Median Household Income | $250,000 |