Ravena, NY—12143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ravena, NY
As of Oct '25, the median home price in Ravena, NY is $283,000, with a year-over-year change of 2.1%. This indicates that home prices in Ravena, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 2.1% |
| Single Family | $284,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | 0.9% |
3 Bed | $288,000 | 1.4% |
4 Bed | $326,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ravena, NY
As of July '25, Rentcast reports the average rent in Ravena, NY is $1,360, with a year-over-year rent change of -38.2%. Per bedroom, the median rent as of July '25 in Ravena, NY is studios: $950, 1-bedrooms: $1,250, 2-bedrooms: $1,320, 4-bedrooms: $2,300. The most common rental property sizes in Ravena, NY are 2-bedroom and 1-bedroom, accounting for 36.4% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,360 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,150 | $1,320 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Ravena, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ravena, NY is 25. This is a decrease of -37.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | -1.0% |
Listing Count | 17 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 25 | -37.0% |
Demographics — Ravena, NY
As of the latest ACS Survey released in 2023, Ravena, NY has a population of 5,460, which has increased by 13.8% over the past 5 years. Ravena, NY is a less popular place for families, as children make up 14.5% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,460 | 13.8% |
% Under 18 | 14.5% | -25.3% |
% Seniors | 14.8% | -17.8% |
% WFH | 18.2% | 550.0% |
% w/ College Degree | 27.1% | 21.5% |
As of the latest ACS Survey released in 2023, Ravena, NY is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Ravena, NY is hispanic, making up 3.9% of the population. Foreign-born residents account for 2.6% of the population in Ravena, NY, and this percentage has decreased by 7.1% 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 | 90.0% | -3.4% |
% Black | 3.1% | -43.6% |
% Hispanic | 3.9% | 550.0% |
% Asian | 1.6% | ∞% |
% Foreign Born | 2.6% | -7.1% |
Mortgage and Risk — Ravena, NY
According to HUD data as of 2023, there were 140 mortgage originations in Ravena, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Ravena, NY. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 140 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ravena, NY
Ravena, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 16.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,250 | $1,070 |
| 2 Bedroom | $140 | $1,150 | $1,290 |
| 3 Bedroom | N/A | N/A | $1,560 |
| 4 Bedroom | -$590 | $2,300 | $1,710 |
Affordability — Ravena, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $283,000 |
| Median Household Income | $89,400 |