Shrub Oak, NY 10588 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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 — 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 Type	Median Home Value	YoY % Change
All Homes	$588,000	0.7%
Single Family	$591,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$3,000	$3,070
Studio Rent	N/A	N/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

Loading chart...

% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$740,000	28.0%
Listing Count	3	46.0%
Listings as % of Homes	0.2%	46.0%
Days on Market	183	218.0%

Loading chart...

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.

Metric	Latest Census	YoY % Change
Population	3,080	9.7%
% Under 18	23.6%	39.6%
% Seniors	15.6%	-37.8%
% WFH	11.9%	128.8%
% w/ College Degree	51.9%	-2.4%

Loading chart...

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

Metric	Latest Census	5-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%

Loading chart...

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

Metric	Zip 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%

Loading chart...

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 Size	HUD Premium	Market Rent	Max 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

Shrub Oak, NY—10588

Key Metrics at a Glance

Home Price Trends — Shrub Oak, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shrub Oak, NY

% of Rental Stock

Property Listings — Shrub Oak, NY

Demographics — Shrub Oak, NY

Race and Ethnicity

Mortgage and Risk — Shrub Oak, NY

Mortgages

Rentals and Section 8 — Shrub Oak, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Shrub Oak, NY

Home Price to Income Ratio

Shrub Oak, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Oceola Lake, NY

Lake Mohegan, NY

Crompond

Yorktown Heights, NY

Lake Peekskill, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$588,000
Median Household Income	$172,000

Shrub Oak, NY—10588

Key Metrics at a Glance

Home Price Trends — Shrub Oak, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shrub Oak, NY

% of Rental Stock

Property Listings — Shrub Oak, NY

Demographics — Shrub Oak, NY

Race and Ethnicity

Mortgage and Risk — Shrub Oak, NY

Mortgages

Rentals and Section 8 — Shrub Oak, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Shrub Oak, NY

Home Price to Income Ratio

Shrub Oak, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Oceola Lake, NY

Lake Mohegan, NY

Crompond

Yorktown Heights, NY

Lake Peekskill, NY

Frequently Asked Questions

What is the average home price in Shrub Oak, NY 10588?

How have home prices in Shrub Oak, NY 10588 changed over the past year?

What is the home price projection for Shrub Oak, NY 10588?

What are the demographics of Shrub Oak, NY 10588?

How long does it take homes to sell in Shrub Oak, NY 10588?

What is the average rent price in Shrub Oak, NY 10588?