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These days, finding an affordable place to live in the Armonk area can be challenging. Home prices in Armonk are now at a median cost of $1,168,004, higher than the New York average of $610,895.
The average cost of rent is $3,229/mo in Armonk, primarily driven by the current value of real estate in the Armonk area. In Armonk, 8.79% of households rent, and 41.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Armonk is $18,781 per month. Households that rent pay about 17.19% of their income on rent here. Armonk’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Lawrence, NY: higher priced homes
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