Verbank, NY—12585
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Verbank, NY
Verbank, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | 5.3% |
| Single Family | $524,000 | 5.9% |
| 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 | $504,000 | 6.3% |
4 Bed | $607,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Verbank, NY
As of July '25, Rentcast reports the average rent in Verbank, NY is $3,820, with a year-over-year rent change of 73.6%. Per bedroom, the median rent as of July '25 in Verbank, NY is 3-bedrooms: $3,450, 4-bedrooms: $4,200. The most common rental property sizes in Verbank, NY are 1-bedroom and studio, accounting for 100.0% and 0.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,450 | $3,450 |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Verbank, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Verbank, NY is 47. This is a decrease of -44.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $685,000 | -17.0% |
Listing Count | 6 | 67.0% |
| Listings as % of Homes | 1.7% | 67.0% |
Days on Market | 47 | -44.0% |
Demographics — Verbank, NY
As of the latest ACS Survey released in 2023, Verbank, NY has a population of 1,250, which has increased by 43.9% over the past 5 years. Verbank, NY is a less popular place for families, as children make up 9.3% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,250 | 43.9% |
% Under 18 | 9.3% | -62.2% |
% Seniors | 15.2% | -20.8% |
% WFH | 18.1% | 79.2% |
% w/ College Degree | 40.6% | 3.0% |
As of the latest ACS Survey released in 2023, Verbank, NY is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Verbank, NY is hispanic, making up 6.4% of the population. Foreign-born residents account for 12.2% of the population in Verbank, NY, and this percentage has decreased by 40.5% 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 | 82.3% | -4.7% |
% Black | 0.6% | -95.1% |
% Hispanic | 6.4% | ∞% |
% Asian | 5.1% | 264.3% |
% Foreign Born | 12.2% | -40.5% |
Mortgage and Risk — Verbank, NY
Verbank, NY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Verbank, NY
Verbank, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | N/A | N/A | $1,650 |
| 3 Bedroom | -$1,360 | $3,450 | $2,090 |
| 4 Bedroom | -$1,890 | $4,200 | $2,310 |
Affordability — Verbank, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $524,000 |
| Median Household Income | $113,000 |