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 16,248 people, 5,880 houses or apartments, and a median cost of homes of $2,554,794, Rye house prices are not only among the most expensive in New York, Rye 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 Rye, accounting for 64.88% of the city's housing units. Other types of housing that are prevalent in Rye include large apartment complexes or high rise apartments ( 20.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 5.63%).
The large homes that make up Rye are primarily owner-occupied ( 70.65%).
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. Rye's housing was primarily built during this period, from the '40s through the '60s. A full 34.43% of the city's housing hails from this era. Other housing ages represented in Rye include homes built before 1939 ( 30.78%) and housing constructed between 2000 and later ( 18.02%). There's also some housing in Rye built between 1970-1999 ( 16.77%).
Appreciation rates for homes in Rye have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.58%, which ranks in the top 40% nationwide. This equates to an annual average Rye house appreciation rate of 7.37%.
Appreciation rates are so strong in Rye that despite a nationwide downturn in the housing market, Rye real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rye appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 83.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rye. Rye 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 Rye's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$2,554,794
for New york
for nation
5,880
$4,667 / per month