Home Values in New Rochelle, New York — 2026 Market Report
Updated March 2026 | Seller's Market | +1.5% YoY
The median home value in New Rochelle, New York is $625,000 as of March 2026, which is above the national median of $400,000. Home values in New Rochelle have increased by 1.5% over the past year and 7.7% over the last five years. With a population of 79,726 and a median household income of $72,250, the price-to-income ratio stands at 8.7x, making New Rochelle affordable for the average household.
New Rochelle Housing Market Conditions
| Metric | New Rochelle | National Avg |
|---|---|---|
| Median Home Value | $625,000 | $400,000 |
| YoY Appreciation | +1.5% | +3.8% |
| 5-Year Appreciation | +7.7% | +22.4% |
| Price per Sq Ft | $406 | $222 |
| Days on Market | 63 days | 45 days |
| Months of Supply | 2.8 | 3.5 |
| List-to-Sale Ratio | 99.8% | 98.5% |
| Monthly Homes Sold | 55 | — |
| Foreclosure Rate | 0.33% | 0.3% |
Home Value Trends in New Rochelle
A homeowner who purchased at the median price of $580,316 five years ago in New Rochelle would have gained approximately $44,684 in equity, representing a 7.7% return on investment. Over the past year alone, the typical homeowner gained $9,236 in home equity.
Affordability in New Rochelle, NY
With a median household income of $72,250 and a median home price of $625,000, the price-to-income ratio in New Rochelle is 8.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,411 compared to estimated monthly ownership costs of $3,848 gives a rent-vs-buy ratio of 1.13. In New Rochelle, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in New Rochelle
The effective property tax rate in New York is 1.69%. On a home valued at $625,000, the estimated annual property tax bill is $10,563, or approximately $880/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in New Rochelle is 135.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in New Rochelle, NY?
The median home value in New Rochelle, New York is $625,000 as of March 2026. Home values have changed +1.5% over the past year, with a 5-year appreciation of 7.7%.
Is New Rochelle a buyer's or seller's market?
New Rochelle is currently a seller's market with 2.8 months of housing supply. Homes spend an average of 63 days on market, and the list-to-sale price ratio is 99.8%. Low inventory gives sellers an advantage.
Are home values going up in New Rochelle?
Yes, home values in New Rochelle have increased by 1.5% over the past year. The 5-year appreciation rate is 7.7%, meaning a home worth $580,316 five years ago is now worth $625,000.
Is it better to rent or buy in New Rochelle?
The average monthly rent in New Rochelle is $3,411, while estimated monthly homeownership costs are approximately $3,848. The price-to-rent ratio is 15.3. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for New Rochelle, New York is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.