New Paltz, NY 12561 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Paltz, NY—12561

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$519,000

1.0% YoY Growth

Household Income

$89,700

35.6% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

4.2%

Median Rent

$2,300

32.3% YoY Growth

1-Bed Rent

$900

7.1% YoY Growth

2-Bed Rent

$2,400

8.7% YoY Growth

3-Bed Rent

$2,800

17.2% YoY Growth

Home Price Trends — New Paltz, NY

As of Dec '25, the median home price in New Paltz, NY is $519,000, with a year-over-year change of 1.0%. This indicates that home prices in New Paltz, NY are flat. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$519,000	1.0%
Single Family	$528,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Paltz, NY

As of July '25, Rentcast reports the average rent in New Paltz, NY is $2,200, with a year-over-year rent change of -32.3%. Per bedroom, the median rent as of July '25 in New Paltz, NY is studios: $1,030, 1-bedrooms: $1,300, 2-bedrooms: $2,370, 3-bedrooms: $3,030, 4-bedrooms: $3,750. The most common rental property sizes in New Paltz, NY are 2-bedroom and 1-bedroom, accounting for 32.9% and 26.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,200
Studio Rent	$750	$1,030
1 Bed Rent	$900	$1,300
2 Bed Rent	$2,400	$2,370
3 Bed Rent	$2,800	$3,030
4 Bed Rent	$3,750	$3,750

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% of Rental Stock

Studio

11.1%

1 Bedroom

26.2%

2 Bedrooms

32.9%

3 Bedrooms

18.5%

4 Bedrooms

9.6%

5+ Bedrooms

1.6%

Property Listings — New Paltz, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in New Paltz, NY is 77. This is a increase of 19.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$684,000	-6.0%
Listing Count	45	-8.0%
Listings as % of Homes	0.6%	-8.0%
Days on Market	91	10.0%

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Demographics — New Paltz, NY

As of the latest ACS Survey released in 2023, New Paltz, NY has a population of 18,500, which has decreased by -1.1% over the past 5 years. New Paltz, NY is a less popular place for families, as children make up 13.7% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,500	-1.1%
% Under 18	13.7%	-9.9%
% Seniors	17.0%	1.2%
% WFH	20.2%	152.5%
% w/ College Degree	56.1%	6.0%

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As of the latest ACS Survey released in 2023, New Paltz, NY is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in New Paltz, NY is hispanic, making up 11.3% of the population. Foreign-born residents account for 9.1% of the population in New Paltz, NY, and this percentage has increased by 8.3% 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	73.0%	-11.1%
% Black	7.2%	67.4%
% Hispanic	11.3%	16.5%
% Asian	4.1%	17.1%
% Foreign Born	9.1%	8.3%

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Mortgage and Risk — New Paltz, NY

According to HUD data as of 2023, there were 128 mortgage originations in New Paltz, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in New Paltz, NY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	128
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	2.0%
% Second Loans	5.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — New Paltz, NY

As of 2024, the percent of homes in New Paltz, NY under the Section 8 program is 6.1%. 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 New Paltz, 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	158
Total Units Section 8	158
% Rentals under Section 8	6.1%
% Occupied Section 8	88.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$680	$900	$1,580
2 Bedroom	-$330	$2,400	$2,070
3 Bedroom	-$180	$2,800	$2,620
4 Bedroom	-$910	$3,750	$2,840

New Paltz, NY—12561

Key Metrics at a Glance

Home Price Trends — New Paltz, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Paltz, NY

% of Rental Stock

Property Listings — New Paltz, NY

Demographics — New Paltz, NY

Race and Ethnicity

Mortgage and Risk — New Paltz, NY

Mortgages

Rentals and Section 8 — New Paltz, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — New Paltz, NY

Home Price to Income Ratio

New Paltz, NY — ZIP Code Boundary Map

Nearby ZIP Codes

High Falls, NY

Clintondale, NY

Tillson, NY

Modena, NY

Rosendale, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$519,000
Median Household Income	$89,700

New Paltz, NY—12561

Key Metrics at a Glance

Home Price Trends — New Paltz, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Paltz, NY

% of Rental Stock

Property Listings — New Paltz, NY

Demographics — New Paltz, NY

Race and Ethnicity

Mortgage and Risk — New Paltz, NY

Mortgages

Rentals and Section 8 — New Paltz, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — New Paltz, NY

Home Price to Income Ratio

New Paltz, NY — ZIP Code Boundary Map

Nearby ZIP Codes

High Falls, NY

Clintondale, NY

Tillson, NY

Modena, NY

Rosendale, NY

Frequently Asked Questions

What is the average home price in New Paltz, NY 12561?

How have home prices in New Paltz, NY 12561 changed over the past year?

What is the home price projection for New Paltz, NY 12561?

What are the demographics of New Paltz, NY 12561?

How long does it take homes to sell in New Paltz, NY 12561?

What is the average rent price in New Paltz, NY 12561?