Armonk, NY—10504
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Armonk, NY
As of Oct '25, the median home price in Armonk, NY is $1,641,000, with a year-over-year change of 4.1%. This indicates that home prices in Armonk, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,641,000 | 4.1% |
| Single Family | $1,658,000 | 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 | N/A | N/A |
3 Bed | $1,366,000 | 4.0% |
4 Bed | $1,812,000 | 4.2% |
| 5 Bed | $2,800,000 | 5.4% |
% of Housing Stock
Rental Trends — Armonk, NY
As of July '25, Rentcast reports the average rent in Armonk, NY is $5,200, with a year-over-year rent change of -19.4%. Per bedroom, the median rent as of July '25 in Armonk, NY is studios: $2,300, 1-bedrooms: $4,490, 2-bedrooms: $5,630, 3-bedrooms: $7,000, 4-bedrooms: $7,900. The most common rental property sizes in Armonk, NY are 2-bedroom and 4-bedroom, accounting for 42.3% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,200 |
| Studio Rent | $2,300 | $2,300 |
| 1 Bed Rent | $4,200 | $4,490 |
| 2 Bed Rent | $5,200 | $5,630 |
| 3 Bed Rent | $7,000 | $7,000 |
| 4 Bed Rent | $7,900 | $7,900 |
% of Rental Stock
Property Listings — Armonk, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Armonk, NY is 95. This is a decrease of -13.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,050,000 | -6.0% |
Listing Count | 63 | 41.0% |
| Listings as % of Homes | 0.7% | 41.0% |
Days on Market | 95 | -13.0% |
Demographics — Armonk, NY
As of the latest ACS Survey released in 2023, Armonk, NY has a population of 7,850, which has decreased by -4.9% over the past 5 years. Armonk, NY is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 81.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,850 | -4.9% |
% Under 18 | 26.9% | -3.9% |
% Seniors | 17.3% | 18.5% |
% WFH | 27.2% | 180.4% |
% w/ College Degree | 81.1% | 0.4% |
As of the latest ACS Survey released in 2023, Armonk, NY is a predominantly white area, with 75.5% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Armonk, NY is hispanic, making up 9.2% of the population. Foreign-born residents account for 13.9% of the population in Armonk, NY, and this percentage has increased by 3.0% 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 | 75.5% | -11.9% |
% Black | 1.9% | 280.0% |
% Hispanic | 9.2% | 24.3% |
% Asian | 7.6% | 100.0% |
% Foreign Born | 13.9% | 3.0% |
Mortgage and Risk — Armonk, NY
According to HUD data as of 2023, there were 145 mortgage originations in Armonk, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Armonk, NY. Investor activity is low, as 0.0% 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 | 145 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Armonk, NY
As of 2024, the percent of homes in Armonk, NY under the Section 8 program is 2.3%. 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 Armonk, 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 | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$430 | $4,200 | $3,770 |
| 2 Bedroom | -$1,030 | $5,200 | $4,170 |
| 3 Bedroom | -$1,800 | $7,000 | $5,200 |
| 4 Bedroom | -$2,290 | $7,900 | $5,610 |
Affordability — Armonk, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $1,641,000 |
| Median Household Income | $247,000 |