Thornwood, NY—10594
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thornwood, NY
As of Oct '25, the median home price in Thornwood, NY is $878,000, with a year-over-year change of 4.3%. This indicates that home prices in Thornwood, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $878,000 | 4.3% |
| Single Family | $879,000 | 3.8% |
| 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 | $1,000,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thornwood, NY
As of July '25, Rentcast reports the average rent in Thornwood, NY is $3,410, with a year-over-year rent change of -10.7%. Per bedroom, the median rent as of July '25 in Thornwood, NY is 1-bedrooms: $2,660, 2-bedrooms: $3,020, 3-bedrooms: $4,930. The most common rental property sizes in Thornwood, NY are 2-bedroom and 1-bedroom, accounting for 44.6% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,660 |
| 2 Bed Rent | $3,000 | $3,020 |
| 3 Bed Rent | $4,800 | $4,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Thornwood, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Thornwood, NY is 44. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter 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 | $1,250,000 | -18.0% |
Listing Count | 12 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 44 | -48.0% |
Demographics — Thornwood, NY
As of the latest ACS Survey released in 2023, Thornwood, NY has a population of 5,510, which has increased by 5.7% over the past 5 years. Thornwood, NY is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,510 | 5.7% |
% Under 18 | 23.1% | 4.1% |
% Seniors | 19.5% | 27.5% |
% WFH | 15.5% | 297.4% |
% w/ College Degree | 47.8% | -4.2% |
As of the latest ACS Survey released in 2023, Thornwood, NY is a predominantly white area, with 83.2% of the population identifying as white. The white population has grown by 7.4% in the last 5 years. The second most common race or ethnicity in Thornwood, NY is hispanic, making up 9.1% of the population. Foreign-born residents account for 16.1% of the population in Thornwood, NY, and this percentage has increased by 2.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.2% | 7.4% |
% Black | 0.7% | -82.9% |
% Hispanic | 9.1% | -40.1% |
% Asian | 3.8% | 81.0% |
% Foreign Born | 16.1% | 2.5% |
Mortgage and Risk — Thornwood, NY
According to HUD data as of 2023, there were 39 mortgage originations in Thornwood, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Thornwood, NY. Investor activity is low, as 0.0% 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 | 39 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Thornwood, NY
Thornwood, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $2,500 | $2,750 |
| 2 Bedroom | $40 | $3,000 | $3,040 |
| 3 Bedroom | -$1,010 | $4,800 | $3,790 |
| 4 Bedroom | N/A | N/A | $4,090 |
Affordability — Thornwood, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $878,000 |
| Median Household Income | $166,000 |