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Old Westbury

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

Median Home$1,983,842
Median Rent$3,501/month
Population4,352
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Education39% public administration
Home Value Growth⬆⬆+13.3% over 2 years
Young Adults47% of residentstop 1% nationally
Homeowners93% of occupied units
NotableHigh Incomes$249k/year · top 1% nationally
Old Westbury
NY

Frequently Asked Questions

What are today's mortgage rates in Old Westbury?

As of today, the 30-year fixed mortgage rate for Old Westbury is approximately 6.943% (6.981% 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 Old Westbury?

The median home value in Old Westbury is $2.0M. The median monthly rent is $3,501. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Westbury?

Home values in Old Westbury have increased 13.3% over the past two years. This indicates a strong appreciation trend. 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 Old Westbury?

Based on a typical all-in ownership cost of $3,994/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $171k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Westbury is $249k/year.

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What industries drive the economy in Old Westbury?

The largest employment sectors in Old Westbury are public administration (39%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.