Locust Valley, NY—11560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Locust Valley, NY
As of Oct '25, the median home price in Locust Valley, NY is $1,220,000, with a year-over-year change of 5.3%. This indicates that home prices in Locust Valley, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,220,000 | 5.3% |
| Single Family | $1,224,000 | 5.4% |
| 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 | $937,000 | 3.3% |
4 Bed | $1,309,000 | 5.0% |
| 5 Bed | $2,588,000 | 6.9% |
% of Housing Stock
Rental Trends — Locust Valley, NY
As of July '25, Rentcast reports the average rent in Locust Valley, NY is $5,090, with a year-over-year rent change of -11.2%. Per bedroom, the median rent as of July '25 in Locust Valley, NY is 1-bedrooms: $2,220, 2-bedrooms: $3,200, 3-bedrooms: $6,270, 4-bedrooms: $6,200. The most common rental property sizes in Locust Valley, NY are 1-bedroom and 4-bedroom, accounting for 29.7% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $5,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,220 |
| 2 Bed Rent | $3,000 | $3,200 |
| 3 Bed Rent | $4,900 | $6,270 |
| 4 Bed Rent | $6,200 | $6,200 |
% of Rental Stock
Property Listings — Locust Valley, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Locust Valley, NY is 78. This is a decrease of -3.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,940,000 | 3.0% |
Listing Count | 51 | 25.0% |
| Listings as % of Homes | 1.1% | 25.0% |
Days on Market | 78 | -3.0% |
Demographics — Locust Valley, NY
As of the latest ACS Survey released in 2023, Locust Valley, NY has a population of 6,950, which has increased by 9.2% over the past 5 years. Locust Valley, NY is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,950 | 9.2% |
% Under 18 | 23.5% | 5.4% |
% Seniors | 20.8% | 7.2% |
% WFH | 19.4% | 106.4% |
% w/ College Degree | 60.0% | 4.2% |
As of the latest ACS Survey released in 2023, Locust Valley, NY is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Locust Valley, NY is hispanic, making up 12.0% of the population. Foreign-born residents account for 13.6% of the population in Locust Valley, NY, and this percentage has increased by 7.9% 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 | 82.1% | -5.3% |
% Black | 1.9% | -5.0% |
% Hispanic | 12.0% | 93.5% |
% Asian | 3.3% | 57.1% |
% Foreign Born | 13.6% | 7.9% |
Mortgage and Risk — Locust Valley, NY
According to HUD data as of 2023, there were 85 mortgage originations in Locust Valley, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Locust Valley, NY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Locust Valley, NY
As of 2024, the percent of homes in Locust Valley, NY under the Section 8 program is 3.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Locust Valley, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $2,300 | $2,330 |
| 2 Bedroom | -$310 | $3,000 | $2,690 |
| 3 Bedroom | -$1,410 | $4,900 | $3,490 |
| 4 Bedroom | -$2,460 | $6,200 | $3,740 |
Affordability — Locust Valley, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $1,220,000 |
| Median Household Income | $160,000 |