New Rochelle, New York Housing Market

What stands out in New Rochelle?

• Asking prices swing about 20.3% between the cheapest and priciest months: among the biggest seasonal price swings of 765 tracked cities. Timing your purchase within the year matters here.
• Homes for sale are 49% below 2017–2019: among the tightest inventory against 2017–2019 of 765 tracked cities. Choice is still scarcer than before the pandemic.
• Homes for sale are up 42% on last year: among the fastest inventory growth of 765 tracked cities. Supply is building fast, which shifts leverage to buyers.

How deep is New Rochelle's renter pool?

48% of occupied homes in New Rochelle's ZIP codes are rented, more than in 85% of the cities we track. HUD's county-wide fair market rent for 2 bedrooms is $2,910 a month, including utilities. A deep renter pool shortens vacancy. It also means you compete with other landlords on condition and price.

What is the fair market rent in New Rochelle?

HUD sets one fair market rent for Westchester County. For fiscal year 2026:

• 1 bedroom: $2,655 a month. Up 6% on last year, up 113% since FY2016.
• 2 bedrooms: $2,910 a month. Up 5% on last year, up 93% since FY2016.
• 3 bedrooms: $3,644 a month. Up 5% on last year, up 88% since FY2016.
• 4 bedrooms: $3,959 a month. Up 6% on last year, up 78% since FY2016.

The figures include tenant-paid utilities and apply to all of Westchester County, so one home's rent can sit well above or below them. See fair market rent by city.

Who will rent from you in New Rochelle?

In New Rochelle, 48 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 51 in 100. New Rochelle added about 700 renter households in five years. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 11% in five years. The housing stock grew 10%. Demand is outrunning supply. Just 3.3% of homes sit empty. A well-priced rental fills fast here.

The median New Rochelle household earns $119,782 a year. Incomes here have grown 6.3% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.3 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,995 a month.

To see what one New Rochelle address would rent for and cash flow, run it through the app.

Is now a good time to buy in New Rochelle?

The median asking price is 39.8% below its Jun 2026 peak. Per square foot the gap is smaller: 12.8% below the Jun 2026 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. New Rochelle prices have risen in 80 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

When do New Rochelle prices dip?

Across 9 full years, New Rochelle asking prices ran lowest in January, about 10.8% below the year's average. They peaked in September. The most homes for sale show up in July, about 13% above the yearly average. Shop in July for choice, and expect the softest asking prices in January.

What numbers should you underwrite a New Rochelle deal with?

• Price growth to assume — +2.9%/yr. New Rochelle has grown about 2.9% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 2.8% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 75 days of holding costs, the current median time on market, when you exit or refinance. That is 25% longer than a year ago.
• Odds you cut your price to sell — 1 in 7. 14% of New Rochelle listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $340/sqft. The typical New Rochelle listing shrank from 1,662 to 1,345 sqft since Jul 2016. So median price hides real growth: 31% per sqft versus 10% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +42%. Homes for sale in New Rochelle are up 42% on last year, so your resale faces more competition than today's comps did.

Read whether a market fits Section 8 tenants and how we read these numbers, then run the numbers on a deal.

What is the median home price in New Rochelle?

The median asking price in New Rochelle is about $513,000 as of Sep 2026, down 31.5% from a year ago. The typical listing is 9% smaller than a year ago, and asking price per square foot is down 2.8%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our New Rochelle figures cover the 4 ZIP codes with a New Rochelle mailing address, which can reach past city limits.

Is New Rochelle a buyer's or seller's market in 2026?

Neither side has the upper hand in New Rochelle right now. We compare New Rochelle with 2017–2019 at this time of year: there are 49% fewer homes for sale; 14% of sellers have cut their price, against 15% then; listings spend 1% more days on the market.

Are New Rochelle home prices going up or down?

The median asking price is 39.8% below its Jun 2026 peak. Per square foot the gap is smaller: 12.8% below the Jun 2026 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

How long do homes stay on the market in New Rochelle?

New Rochelle listings spend a median 75 days on the market. That is 25% longer than a year ago.

What is the fair market rent in New Rochelle?

HUD's fiscal year 2026 fair market rent for Westchester County is $2,910 a month for 2 bedrooms and $3,644 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.