New Paltz, NY—12561
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Paltz, NY
As of Oct '25, the median home price in New Paltz, NY is $521,000, with a year-over-year change of 1.5%. This indicates that home prices in New Paltz, NY are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $521,000 | 1.5% |
| Single Family | $529,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $235,000 | -1.3% |
2 Bed | $393,000 | 0.5% |
3 Bed | $515,000 | 0.4% |
4 Bed | $655,000 | 0.9% |
| 5 Bed | $666,000 | 0.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — New Paltz, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in New Paltz, NY is 64. This is a increase of 18.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $697,000 | -10.0% |
Listing Count | 67 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 64 | 18.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — New Paltz, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $521,000 |
| Median Household Income | $89,700 |