Highland Falls, NY—10928
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Falls, NY
As of Aug '25, the median home price in Highland Falls, NY is $414,000, with a year-over-year change of 5.2%. This indicates that home prices in Highland Falls, NY are increasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 5.2% |
3 Bed | $415,000 | 5.1% |
4 Bed | $453,000 | 5.1% |
| 5 Bed | N/A | N/A |
Rental Trends — Highland Falls, NY
As of Jul '25, the average rent in Highland Falls, NY is $1,990, with a year-over-year rent change of -17.8%. 1-bedroom units average $1,860 (5.1%); 2-bedroom units average $2,050 (-6.8%); 3-bedroom units average $2,240 (-20.6%); 4-bedroom units average $2,950 (-19.8%)
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $1,990 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,700 | $1,860 |
| 2 Bed Rent | $1,980 | $2,050 |
| 3 Bed Rent | $2,250 | $2,240 |
| 4 Bed Rent | $2,950 | $2,950 |
Property Listings — Highland Falls, NY
As of Aug '25 and according to Realtor.com, the median days on market for a home in Highland Falls, NY is 21. This is an decrease of -61.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -8.0% |
Listing Count | 10 | N/A |
| Listings as % of Homes | 0.5% | N/A |
Days on Market | 21 | -61.0% |
Demographics — Highland Falls, NY
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,270 | 30.0% |
% Under 18 | 21.5% | 10.8% |
| % Under 5 | N/A | N/A |
% Seniors | 14.9% | -11.8% |
% WFH | 7.8% | 500.0% |
% w/ College Degree | 32.8% | -29.8% |
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.8% | -26.6% |
% Black | 16.2% | 0.6% |
% Hispanic | 30.2% | 137.8% |
% Asian | 5.0% | -20.6% |
% Foreign Born | 19.1% | 33.6% |
Mortgage and Risk — Highland Falls, NY
According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Highland Falls, NY in that year was 67. 75.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 67.0%. Of those, 30.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Highland Falls, NY. Investor activity in Highland Falls, NY is low, as 4.0% of all loans are originated by investors. In 2023, 12.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 67 | N/A | N/A |
% Conventional Loans | 75.0% | N/A | N/A |
% Government Loans | 25.0% | N/A | N/A |
% Investor Loans | 4.0% | N/A | N/A |
% Second Loans | 4.0% | N/A | N/A |
% Cash Out Refinance | 12.0% | N/A | N/A |
Rentals and Section 8 — Highland Falls, NY
As of 2024, the percent of homes in Highland Falls, NY under the Section 8 program is 15.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
Section 8 Market Size
Total Units under HUD | 140 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 68.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,700 | $1,640 |
| 2 Bedroom | $110 | $1,980 | $2,090 |
| 3 Bedroom | $420 | $2,250 | $2,670 |
| 4 Bedroom | -$70 | $2,950 | $2,880 |
Affordability — Highland Falls, NY
Home Price to Income Ratio
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 3.6 | N/A | N/A |
| Median Home Price | $414,000 | N/A | N/A |
| Median Household Income | $96,100 | N/A | N/A |