Old Westbury, NY—11568
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Westbury, NY
As of Nov '25, the median home price in Old Westbury, NY is $2,800,000, with a year-over-year change of 6.4%. This indicates that home prices in Old Westbury, NY are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,800,000 | 6.4% |
| Single Family | $2,795,000 | 6.9% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | $3,234,946 | 6.2% |
% of Housing Stock
Rental Trends — Old Westbury, NY
As of July '25, Rentcast reports the average rent in Old Westbury, NY is $6,400, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Old Westbury, NY is 3-bedrooms: $4,800. The most common rental property sizes in Old Westbury, NY are 2-bedroom and 5+ bedroom, accounting for 35.0% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,800 | $6,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,800 | $4,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Old Westbury, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Old Westbury, NY is 76. This is a decrease of -51.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $4,500,000 | -3.0% |
Listing Count | 27 | -32.0% |
| Listings as % of Homes | 2.7% | -32.0% |
Days on Market | 76 | -51.0% |
Demographics — Old Westbury, NY
As of the latest ACS Survey released in 2023, Old Westbury, NY has a population of 4,200, which has decreased by -10.8% over the past 5 years. Old Westbury, NY is a less popular place for families, as children make up 13.0% of the population. The area has a highly educated workforce, with 76.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | -10.8% |
% Under 18 | 13.0% | -32.3% |
% Seniors | 14.7% | 19.5% |
% WFH | 21.8% | 98.2% |
% w/ College Degree | 76.4% | 0.7% |
As of the latest ACS Survey released in 2023, Old Westbury, NY is a predominantly white area, with 67.5% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Old Westbury, NY is asian, making up 14.0% of the population. Foreign-born residents account for 22.1% of the population in Old Westbury, NY, and this percentage has increased by 0.5% 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 | 67.5% | 2.3% |
% Black | 6.4% | -31.9% |
% Hispanic | 7.6% | 38.2% |
% Asian | 14.0% | -18.6% |
% Foreign Born | 22.1% | 0.5% |
Mortgage and Risk — Old Westbury, NY
According to HUD data as of 2023, there were 33 mortgage originations in Old Westbury, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Old Westbury, NY. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 33 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Old Westbury, NY
Old Westbury, 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 | $2,470 |
| 2 Bedroom | N/A | N/A | $2,850 |
| 3 Bedroom | -$1,100 | $4,800 | $3,700 |
| 4 Bedroom | N/A | N/A | $3,970 |
Affordability — Old Westbury, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $2,800,000 |
| Median Household Income | $250,000 |