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Shrub Oak, NY—10588

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$588,000
0.7% YoY Growth
Household Income
$172,000
65.8% YoY Growth
Days on Market
183
218.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$3,000
27.9% YoY Growth
1-Bed Rent
$1,800
8.7% YoY Growth
2-Bed Rent
$3,200
23.1% YoY Growth
3-Bed Rent
$3,000
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Shrub Oak, NY

As of Dec '25, the median home price in Shrub Oak, NY is $588,000, with a year-over-year change of 0.7%. This indicates that home prices in Shrub Oak, NY are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$588,0000.7%
Single Family $591,0000.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$608,0001.3%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    18.2%
    2 Bedrooms
    24.4%
    3 Bedrooms
    31.9%
    4 Bedrooms
    25.5%

    Rental Trends — Shrub Oak, NY

    As of July '25, Rentcast reports the average rent in Shrub Oak, NY is $3,070, with a year-over-year rent change of 27.9%. Per bedroom, the median rent as of July '25 in Shrub Oak, NY is 1-bedrooms: $2,100, 2-bedrooms: $3,200, 3-bedrooms: $3,250, 4-bedrooms: $4,500. The most common rental property sizes in Shrub Oak, NY are 1-bedroom and 2-bedroom, accounting for 47.8% and 33.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,000$3,070
    Studio Rent N/AN/A
    1 Bed Rent $1,800$2,100
    2 Bed Rent $3,200$3,200
    3 Bed Rent $3,000$3,250
    4 Bed Rent $4,500$4,500
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    % of Rental Stock

    1 Bedroom
    47.8%
    2 Bedrooms
    33.2%
    3 Bedrooms
    19.0%

    Property Listings — Shrub Oak, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Shrub Oak, NY is 152. This is a increase of 250.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$740,00028.0%
    Listing Count
    		346.0%
    Listings as % of Homes0.2%46.0%
    Days on Market
    		183218.0%
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    Demographics — Shrub Oak, NY

    As of the latest ACS Survey released in 2023, Shrub Oak, NY has a population of 3,080, which has increased by 9.7% over the past 5 years. Shrub Oak, NY is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,0809.7%
    % Under 18
    		23.6%39.6%
    % Seniors
    		15.6%-37.8%
    % WFH
    		11.9%128.8%
    % w/ College Degree
    		51.9%-2.4%
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    As of the latest ACS Survey released in 2023, Shrub Oak, NY is a predominantly white area, with 77.4% of the population identifying as white. The white population has grown by 19.4% in the last 5 years. The second most common race or ethnicity in Shrub Oak, NY is hispanic, making up 11.6% of the population. Foreign-born residents account for 18.8% of the population in Shrub Oak, NY, and this percentage has decreased by 34.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		77.4%19.4%
    % Black
    		1.9%-57.8%
    % Hispanic
    		11.6%-61.3%
    % Asian
    		7.3%356.2%
    % Foreign Born
    		18.8%-34.0%
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    Mortgage and Risk — Shrub Oak, NY

    According to HUD data as of 2023, there were 51 mortgage originations in Shrub Oak, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Shrub Oak, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		51
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Shrub Oak, NY

    As of 2024, the percent of homes in Shrub Oak, NY under the Section 8 program is 7.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shrub Oak, NY, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		23
    Total Units Section 8
    		23
    % Rentals under Section 8
    		7.3%
    % Occupied Section 8
    		84.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$620$1,800$2,420
    2 Bedroom-$520$3,200$2,680
    3 Bedroom$340$3,000$3,340
    4 Bedroom-$900$4,500$3,600

    Affordability — Shrub Oak, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$588,000
    Median Household Income$172,000

    Shrub Oak, NY — ZIP Code Boundary Map

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    Frequently Asked Questions