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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Armonk, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Armonk, NY Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$1,312,652

Armonk Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,573 / per month

Homeownership Rate

Owners
Renters
87.3%
87.3%
12.7%
12.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.7%
5.7%
94.3%
94.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.1%
32.1%
27.3%
27.3%
25.4%
25.4%
15.1%
15.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.9%
78.9%
6.7%
6.7%
4.2%
4.2%
10.3%
10.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.9%
4.9%
1.1%
1.1%
15.4%
15.4%
27.1%
27.1%
26.0%
26.0%
25.6%
25.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Armonk

Zip Codes in Armonk, NY