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 5,119 people, 1,667 houses or apartments, and a median cost of homes of $668,801, real estate costs in Elmsford are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Elmsford, accounting for 47.45% of the village's housing units. Other types of housing that are prevalent in Elmsford include duplexes, homes converted to apartments or other small apartment buildings ( 24.38%), large apartment complexes or high rise apartments ( 20.58%), and a few row houses and other attached homes ( 7.60%).
The most prevalent building size and type in Elmsford are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 57.64% owning and 42.36% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Elmsford's housing was primarily built during this period, from the '40s through the '60s. A full 40.28% of the village's housing hails from this era. Other housing ages represented in Elmsford include homes built between 1970-1999 ( 23.02%) and housing constructed before 1939 ( 20.96%). There's also some housing in Elmsford built between 2000 and later ( 15.74%).
Elmsford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elmsford during the period has been just 5.12%, which is lower than 80% of US communities.
Appreciation rates are so strong in Elmsford that despite a nationwide downturn in the housing market, Elmsford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elmsford appreciation rates continue to be some of the highest in America, at 8.30%, which is higher than appreciation rates in 73.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elmsford. Elmsford 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 Elmsford's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$668,801
for New york
for nation
1,667
$4,415 / per month