Gansevoort, NY—12831
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gansevoort, NY
As of Oct '25, the median home price in Gansevoort, NY is $456,000, with a year-over-year change of 3.6%. This indicates that home prices in Gansevoort, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $456,000 | 3.6% |
| Single Family | $456,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 2.4% |
3 Bed | $417,000 | 3.2% |
4 Bed | $553,000 | 4.7% |
| 5 Bed | $634,000 | 3.3% |
% of Housing Stock
Rental Trends — Gansevoort, NY
As of July '25, Rentcast reports the average rent in Gansevoort, NY is $2,390, with a year-over-year rent change of -43.4%. Per bedroom, the median rent as of July '25 in Gansevoort, NY is 1-bedrooms: $1,800, 2-bedrooms: $1,960, 3-bedrooms: $2,620, 4-bedrooms: $2,500. The most common rental property sizes in Gansevoort, NY are 2-bedroom and 1-bedroom, accounting for 40.0% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,800 |
| 2 Bed Rent | $1,850 | $1,960 |
| 3 Bed Rent | $2,600 | $2,620 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Gansevoort, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gansevoort, NY is 37. This is a decrease of -21.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $581,000 | -3.0% |
Listing Count | 62 | -9.0% |
| Listings as % of Homes | 0.9% | -9.0% |
Days on Market | 37 | -21.0% |
Demographics — Gansevoort, NY
As of the latest ACS Survey released in 2023, Gansevoort, NY has a population of 17,800, which has increased by 3.5% over the past 5 years. Gansevoort, NY is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 43.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 3.5% |
% Under 18 | 22.6% | -12.1% |
% Seniors | 15.2% | 29.9% |
% WFH | 15.6% | 246.7% |
% w/ College Degree | 43.6% | 14.4% |
As of the latest ACS Survey released in 2023, Gansevoort, NY is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Gansevoort, NY is hispanic, making up 3.3% of the population. Foreign-born residents account for 3.0% of the population in Gansevoort, NY, and this percentage has increased by 15.4% 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 | 92.5% | -2.5% |
% Black | 0.5% | -61.5% |
% Hispanic | 3.3% | 32.0% |
% Asian | 1.3% | 225.0% |
% Foreign Born | 3.0% | 15.4% |
Mortgage and Risk — Gansevoort, NY
According to HUD data as of 2023, there were 302 mortgage originations in Gansevoort, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Gansevoort, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 302 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gansevoort, NY
As of 2024, the percent of homes in Gansevoort, NY under the Section 8 program is 4.2%. 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. In Gansevoort, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 73 |
Total Units Section 8 | 73 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,600 | $1,290 |
| 2 Bedroom | -$290 | $1,850 | $1,560 |
| 3 Bedroom | -$720 | $2,600 | $1,880 |
| 4 Bedroom | -$430 | $2,500 | $2,070 |
Affordability — Gansevoort, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $456,000 |
| Median Household Income | $101,000 |