Piermont, NY—10968
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Piermont, NY
As of Oct '25, the median home price in Piermont, NY is $780,000, with a year-over-year change of 4.2%. This indicates that home prices in Piermont, 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 | $780,000 | 4.3% |
| Single Family | $835,000 | 5.3% |
| Condos | $527,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $669,000 | 2.5% |
3 Bed | $889,000 | 4.7% |
4 Bed | $1,056,000 | 6.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Piermont, NY
As of July '25, Rentcast reports the average rent in Piermont, NY is $3,240, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Piermont, NY is 1-bedrooms: $2,440, 2-bedrooms: $3,500, 3-bedrooms: $3,300, 4-bedrooms: $4,900. The most common rental property sizes in Piermont, NY are 1-bedroom and 2-bedroom, accounting for 50.2% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,990 | $3,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,450 | $2,440 |
| 2 Bed Rent | $3,150 | $3,500 |
| 3 Bed Rent | $3,300 | $3,300 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Piermont, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Piermont, NY is 33. This is a increase of 13.0% 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 | $869,000 | 23.0% |
Listing Count | 13 | 3.0% |
| Listings as % of Homes | 0.9% | 3.0% |
Days on Market | 33 | 13.0% |
Demographics — Piermont, NY
As of the latest ACS Survey released in 2023, Piermont, NY has a population of 2,410, which has increased by 1.8% over the past 5 years. Piermont, NY is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 65.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,410 | 1.8% |
% Under 18 | 14.5% | 10.7% |
% Seniors | 20.4% | -15.7% |
% WFH | 27.3% | 137.4% |
% w/ College Degree | 65.5% | -7.4% |
As of the latest ACS Survey released in 2023, Piermont, NY is a predominantly white area, with 82.3% of the population identifying as white. The white population has grown by 14.0% in the last 5 years. The second most common race or ethnicity in Piermont, NY is asian, making up 9.8% of the population. Foreign-born residents account for 12.1% of the population in Piermont, NY, and this percentage has decreased by 28.0% 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 | 82.3% | 14.0% |
% Black | 1.1% | -72.5% |
% Hispanic | 4.8% | -57.5% |
% Asian | 9.8% | 10.1% |
% Foreign Born | 12.1% | -28.0% |
Mortgage and Risk — Piermont, NY
According to HUD data as of 2023, there were 39 mortgage originations in Piermont, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Piermont, NY. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Piermont, NY
As of 2024, the percent of homes in Piermont, NY under the Section 8 program is 0.2%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Piermont, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $2,450 | $2,870 |
| 2 Bedroom | $30 | $3,150 | $3,180 |
| 3 Bedroom | $660 | $3,300 | $3,960 |
| 4 Bedroom | -$620 | $4,900 | $4,280 |
Affordability — Piermont, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $780,000 |
| Median Household Income | $132,000 |