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 59,316 people, 24,062 houses or apartments, and a median cost of homes of $768,944, White Plains house prices are not only among the most expensive in New York, White Plains real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in White Plains, accounting for 58.56% of the city's housing units. Other types of housing that are prevalent in White Plains include single-family detached homes ( 28.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.26%), and a few row houses and other attached homes ( 3.18%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in White Plains primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. White Plains has a mixture of owner-occupied and renter-occupied housing.
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. White Plains's housing was primarily built during this period, from the '40s through the '60s. A full 34.48% of the city's housing hails from this era. Other housing ages represented in White Plains include homes built before 1939 ( 31.54%) and housing constructed between 1970-1999 ( 19.36%). There's also some housing in White Plains built between 2000 and later ( 14.61%).
White Plains's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in White Plains during the period has been just 4.94%, which is lower than 80% of US communities.
Appreciation rates are so strong in White Plains that despite a nationwide downturn in the housing market, White Plains real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, White Plains appreciation rates continue to be some of the highest in America, at 9.72%, which is higher than appreciation rates in 85.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in White Plains. White Plains 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 White Plains's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within White Plains differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in White Plains - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best White Plains real estate investment or home purchase decisions.
$768,944
for New york
for nation
24,062
$4,119 / per month