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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.



Katonah, 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

Katonah, NY Housing Market Trends

With 1,603 people, 637 houses or apartments, and a median cost of homes of $1,409,540, Katonah house prices are not only among the most expensive in New York, Katonah real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Katonah, accounting for 82.91% of the town's housing units. Other types of housing that are prevalent in Katonah include duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), row houses and other attached homes ( 4.05%), and a few large apartment complexes or high rise apartments ( 2.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Katonah. Owner-occupied housing accounts for 68.46% of Katonah's homes, and 63.57% have either three or four bedrooms, which is average sized relative to America.

The housing in Katonah was primarily built before 1939 ( 34.03%), making the housing stock in Katonah some of the oldest overall in America, although there is a range of ages of homes in Katonah. The next most important housing age is between 1940-1969 ( 33.73%), followed by between 1970-1999 ( 30.28%). There's also some housing in Katonah built between 2000 and later ( 1.95%).

Katonah Home Appreciation Rates

Katonah's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Katonah during the period has been just 5.11%, which is lower than 80% of US communities.

Appreciation rates are so strong in Katonah that despite a nationwide downturn in the housing market, Katonah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Katonah appreciation rates continue to be some of the highest in America, at 9.53%, which is higher than appreciation rates in 84.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Katonah. Katonah 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 Katonah's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$1,409,540

Katonah Appreciation Rates

Rent & Ownership

Average Market Rent:

$6,883 / per month

Homeownership Rate

Owners
Renters
68.5%
68.5%
31.5%
31.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.9%
1.9%
30.3%
30.3%
33.7%
33.7%
34.0%
34.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.9%
82.9%
4.0%
4.0%
10.8%
10.8%
2.2%
2.2%
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
0.0%
0.0%
6.0%
6.0%
27.7%
27.7%
35.1%
35.1%
28.5%
28.5%
2.7%
2.7%
0% 100.0%
% of Homes