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Affordable
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These days, finding an affordable place to live in the Larchmont area can be challenging. Home prices in Larchmont are now at a median cost of $1,357,834, higher than the New York average of $610,895.
The average cost of rent is $2,400/mo in Larchmont, primarily driven by the current value of real estate in the Larchmont area. In Larchmont, 21.84% of households rent, and 31.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Larchmont is $17,442 per month. Households that rent pay about 13.76% of their income on rent here. Larchmont’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mamaroneck, NY: less expensive homes
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- Eastchester, NY: less expensive homes
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- Pelham Manor, NY: less expensive homes
- Bronxville, NY: less expensive homes
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- Rye, NY: higher priced homes
- Scarsdale, NY: higher priced homes
Cities with Similar Populations
- Louisburg, NC: less expensive homes
- Plainville, CT: less expensive homes
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- Marysville, CA: less expensive homes
- Manassas Park, VA: less expensive homes
- Lowell, IN: less expensive homes
- Portales, NM: less expensive homes
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