Putnam Valley, NY—10579
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Putnam Valley, NY
As of Oct '25, the median home price in Putnam Valley, NY is $598,000, with a year-over-year change of 3.5%. This indicates that home prices in Putnam Valley, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $598,000 | 3.5% |
| Single Family | $600,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $381,000 | 3.3% |
2 Bed | $446,000 | 3.2% |
3 Bed | $606,000 | 3.6% |
4 Bed | $748,000 | 3.5% |
| 5 Bed | $876,000 | 2.3% |
% of Housing Stock
Rental Trends — Putnam Valley, NY
As of July '25, Rentcast reports the average rent in Putnam Valley, NY is $3,600, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Putnam Valley, NY is 2-bedrooms: $2,630, 3-bedrooms: $5,050. The most common rental property sizes in Putnam Valley, NY are 4-bedroom and 3-bedroom, accounting for 28.9% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,500 | $2,630 |
| 3 Bed Rent | $3,850 | $5,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Putnam Valley, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Putnam Valley, NY is 73. This is a increase of 2.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $542,000 | -4.0% |
Listing Count | 49 | 110.0% |
| Listings as % of Homes | 0.7% | 110.0% |
Days on Market | 73 | 2.0% |
Demographics — Putnam Valley, NY
As of the latest ACS Survey released in 2023, Putnam Valley, NY has a population of 8,820, which has increased by 4.0% over the past 5 years. Putnam Valley, 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 47.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,820 | 4.0% |
% Under 18 | 20.4% | 6.2% |
% Seniors | 20.4% | 20.0% |
% WFH | 14.9% | 254.8% |
% w/ College Degree | 47.4% | 20.9% |
As of the latest ACS Survey released in 2023, Putnam Valley, NY is a predominantly white area, with 76.7% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Putnam Valley, NY is hispanic, making up 15.7% of the population. Foreign-born residents account for 9.5% of the population in Putnam Valley, NY, and this percentage has decreased by 14.4% 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 | 76.7% | -6.6% |
% Black | 2.4% | 50.0% |
% Hispanic | 15.7% | 30.8% |
% Asian | 2.7% | 145.5% |
% Foreign Born | 9.5% | -14.4% |
Mortgage and Risk — Putnam Valley, NY
According to HUD data as of 2023, there were 109 mortgage originations in Putnam Valley, NY, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Putnam Valley, NY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Putnam Valley, NY
Putnam Valley, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,880 |
| 2 Bedroom | $690 | $2,500 | $3,190 |
| 3 Bedroom | $130 | $3,850 | $3,980 |
| 4 Bedroom | N/A | N/A | $4,290 |
Affordability — Putnam Valley, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $598,000 |
| Median Household Income | $136,000 |