Averill Park, NY—12018
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Averill Park, NY
As of Oct '25, the median home price in Averill Park, NY is $365,000, with a year-over-year change of 4.1%. This indicates that home prices in Averill Park, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 4.1% |
| Single Family | $365,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $283,000 | 3.7% |
3 Bed | $364,000 | 4.3% |
4 Bed | $446,000 | 5.9% |
| 5 Bed | $497,000 | 5.5% |
% of Housing Stock
Rental Trends — Averill Park, NY
As of July '25, Rentcast reports the average rent in Averill Park, NY is $1,540, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Averill Park, NY is 2-bedrooms: $1,400, 4-bedrooms: $1,680. The most common rental property sizes in Averill Park, NY are 2-bedroom and 1-bedroom, accounting for 58.9% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,680 | $1,680 |
% of Rental Stock
Property Listings — Averill Park, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Averill Park, NY is 61. This is a increase of 77.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 9.0% |
Listing Count | 35 | 65.0% |
| Listings as % of Homes | 0.7% | 65.0% |
Days on Market | 61 | 77.0% |
Demographics — Averill Park, NY
As of the latest ACS Survey released in 2023, Averill Park, NY has a population of 7,070, which has decreased by -3.5% over the past 5 years. Averill Park, NY is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,070 | -3.5% |
% Under 18 | 21.1% | 14.1% |
% Seniors | 19.4% | -4.4% |
% WFH | 16.9% | 704.8% |
% w/ College Degree | 42.7% | 33.9% |
As of the latest ACS Survey released in 2023, Averill Park, NY is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Averill Park, NY is hispanic, making up 2.6% of the population. Foreign-born residents account for 5.4% of the population in Averill Park, NY, and this percentage has increased by 25.6% 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 | 95.1% | -0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.6% | -21.2% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 5.4% | 25.6% |
Mortgage and Risk — Averill Park, NY
According to HUD data as of 2023, there were 257 mortgage originations in Averill Park, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Averill Park, NY. Investor activity is low, as 1.0% 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 | 257 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Averill Park, NY
Averill Park, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | N/A | N/A | $1,360 |
| 2 Bedroom | $250 | $1,400 | $1,650 |
| 3 Bedroom | N/A | N/A | $1,990 |
| 4 Bedroom | $510 | $1,680 | $2,190 |
Affordability — Averill Park, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $365,000 |
| Median Household Income | $134,000 |