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 19,669 people, 7,057 houses or apartments, and a median cost of homes of $968,074, Mamaroneck house prices are not only among the most expensive in New York, Mamaroneck 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 Mamaroneck, accounting for 37.75% of the village's housing units. Other types of housing that are prevalent in Mamaroneck include large apartment complexes or high rise apartments ( 33.91%), duplexes, homes converted to apartments or other small apartment buildings ( 24.47%), and a few row houses and other attached homes ( 3.87%).
People in Mamaroneck primarily live in small (one, two or no bedroom) single-family detached homes. Mamaroneck has a mixture of owner-occupied and renter-occupied housing.
The housing in Mamaroneck was primarily built before 1939 ( 41.42%), making the housing stock in Mamaroneck some of the oldest overall in America, although there is a range of ages of homes in Mamaroneck. The next most important housing age is between 1940-1969 ( 34.57%), followed by between 1970-1999 ( 17.74%). There's also some housing in Mamaroneck built between 2000 and later ( 6.27%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Mamaroneck, where house values have increased just 54.27%, which is annualized rate of 4.43%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Mamaroneck that despite a nationwide downturn in the housing market, Mamaroneck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mamaroneck appreciation rates continue to be some of the highest in America, at 9.23%, which is higher than appreciation rates in 82.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mamaroneck. Mamaroneck 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 Mamaroneck's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$968,074
for New york
for nation
7,057
$4,419 / per month