Shrub Oak, NY—10588
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shrub Oak, NY
As of Oct '25, the median home price in Shrub Oak, NY is $588,000, with a year-over-year change of 0.9%. This indicates that home prices in Shrub Oak, NY are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $588,000 | 0.9% |
| Single Family | $588,000 | 0.5% |
| 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 | $605,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shrub Oak, NY
As of July '25, Rentcast reports the average rent in Shrub Oak, NY is $3,070, with a year-over-year rent change of 27.9%. Per bedroom, the median rent as of July '25 in Shrub Oak, NY is 1-bedrooms: $2,100, 2-bedrooms: $3,200, 3-bedrooms: $3,250, 4-bedrooms: $4,500. The most common rental property sizes in Shrub Oak, NY are 1-bedroom and 2-bedroom, accounting for 47.8% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $2,100 |
| 2 Bed Rent | $3,200 | $3,200 |
| 3 Bed Rent | $3,000 | $3,250 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Shrub Oak, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Shrub Oak, NY is 120. This is a increase of 173.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $782,000 | 53.0% |
Listing Count | 9 | 86.0% |
| Listings as % of Homes | 0.2% | 86.0% |
Days on Market | 120 | 173.0% |
Demographics — Shrub Oak, NY
As of the latest ACS Survey released in 2023, Shrub Oak, NY has a population of 3,080, which has increased by 9.7% over the past 5 years. Shrub Oak, NY is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,080 | 9.7% |
% Under 18 | 23.6% | 39.6% |
% Seniors | 15.6% | -37.8% |
% WFH | 11.9% | 128.8% |
% w/ College Degree | 51.9% | -2.4% |
As of the latest ACS Survey released in 2023, Shrub Oak, NY is a predominantly white area, with 77.4% of the population identifying as white. The white population has grown by 19.4% in the last 5 years. The second most common race or ethnicity in Shrub Oak, NY is hispanic, making up 11.6% of the population. Foreign-born residents account for 18.8% of the population in Shrub Oak, NY, and this percentage has decreased by 34.0% 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 | 77.4% | 19.4% |
% Black | 1.9% | -57.8% |
% Hispanic | 11.6% | -61.3% |
% Asian | 7.3% | 356.2% |
% Foreign Born | 18.8% | -34.0% |
Mortgage and Risk — Shrub Oak, NY
According to HUD data as of 2023, there were 51 mortgage originations in Shrub Oak, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Shrub Oak, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Shrub Oak, NY
As of 2024, the percent of homes in Shrub Oak, NY under the Section 8 program is 7.3%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shrub Oak, NY, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $620 | $1,800 | $2,420 |
| 2 Bedroom | -$520 | $3,200 | $2,680 |
| 3 Bedroom | $340 | $3,000 | $3,340 |
| 4 Bedroom | -$900 | $4,500 | $3,600 |
Affordability — Shrub Oak, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $588,000 |
| Median Household Income | $172,000 |