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Armonk

Learn about the people, housing, costs and businesses in Armonk, New York

Median Home$1,100,700
Median Rent$3,082/month
Population4,405
Leading IndustriesEducation · Professional Services · Arts, Food & Hospitality6% education
Home Value Growth+1.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners88% of occupied units
NotableHigh Incomes$228k/year · top 1% nationally
NotableHighly Educated42% bachelor's · 26% graduate · top 1% nationally
Armonk
NY

Frequently Asked Questions

What are today's mortgage rates in Armonk?

As of today, the 30-year fixed mortgage rate for Armonk is approximately 6.777% (6.809% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Armonk?

The median home value in Armonk is $1.1M. The median monthly rent is $3,082. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Armonk?

Home values in Armonk have increased 1.0% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Armonk?

Based on a typical all-in ownership cost of $3,630/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $156k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Armonk is $228k/year.

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What industries drive the economy in Armonk?

The largest employment sectors in Armonk are public administration (25%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.