Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,495, 1,471 total housing units (homes and apartments), and a median house value of $1,312,652, Armonk house prices are not only among the most expensive in New York, Armonk real estate also is some of the most expensive in all of America.
Armonk is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Armonk than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Armonk. Owner-occupied housing accounts for 87.25% of Armonk's homes, and 53.01% have either three or four bedrooms, which is average sized relative to America.
Armonk homes and real estate are some of the newest in America. 32.12% of Armonk's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Armonk real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.31%), and between 1940-1969 ( 25.45%). There's also some housing in Armonk built before 1939 ( 15.13%).
Armonk's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Armonk during the period has been just 5.26%, which is lower than 70% of US communities.
Appreciation rates are so strong in Armonk that despite a nationwide downturn in the housing market, Armonk real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Armonk appreciation rates continue to be some of the highest in America, at 8.98%, which is higher than appreciation rates in 80.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Armonk. Armonk appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Armonk's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$1,312,652
$4,573 / per month