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Thornwood

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

Median Home$658,600
Median Rent$2,586/month
Population3,859
Leading IndustriesEducation · Professional Services · Healthcare4% education
Home Value Growth⬆⬆+19.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners87% of occupied units
NotableHigh Incomes$175k/year · top 2% nationally
NotableHighly Educated26% bachelor's · 19% graduate · top 16% nationally
Thornwood
NY

Frequently Asked Questions

What are today's mortgage rates in Thornwood?

As of today, the 30-year fixed mortgage rate for Thornwood is approximately 6.807% (6.840% 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 Thornwood?

The median home value in Thornwood is $659k. The median monthly rent is $2,586. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thornwood?

Home values in Thornwood have increased 19.6% 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 Thornwood?

Based on a typical all-in ownership cost of $2,757/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $118k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thornwood is $175k/year.

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What industries drive the economy in Thornwood?

The largest employment sectors in Thornwood are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.