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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.



Elmsford, 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

Elmsford, NY Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$668,801

Elmsford, NY Home Prices
> $1,250,000
$937,001 - $1,250,000
$625,001 - $937,000
$500,001 - $625,000
$375,001 - $500,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
1.6%
1.6%
11.0%
11.0%
45.6%
45.6%
25.6%
25.6%
9.6%
9.6%
0.8%
0.8%
0.0%
0.0%
4.3%
4.3%
1.5%
1.5%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

1,667

Elmsford Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,415 / per month

Homeownership Rate

Owners
Renters
57.6%
57.6%
42.4%
42.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.5%
9.5%
90.5%
90.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.7%
15.7%
23.0%
23.0%
40.3%
40.3%
21.0%
21.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.4%
47.4%
7.6%
7.6%
24.4%
24.4%
20.6%
20.6%
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
4.6%
4.6%
12.3%
12.3%
29.7%
29.7%
28.4%
28.4%
18.1%
18.1%
6.9%
6.9%
0% 100.0%
% of Homes