Real Estate Investing in Armonk, New York (10504)
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Should you buy in 10504 (Armonk, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 43.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Armonk, NY (10504)?
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Market Analysis: 10504 Armonk
The 10504 ZIP in Armonk, NY is a local-operator market. Outside capital chasing a $1.7M entry has to pair deep knowledge with the discount.
The investment case in 10504 is solid only for operators who understand what they are buying. A $1.7M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 10504 and stronger Armonk ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 10504 ZIP's population of 7,853 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 10504 is an operator game, not a passive one. From an investor standpoint, entry prices of $1.7M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Armonk:
Property Strategy for 10504
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,365,724 | $4,680 | 2.5% | +8.6% | $455,241 |
| 4BR | $1,811,776 | $5,070 | 2.0% | +9.4% | $452,944 |
| 5BR | $2,799,575 | — | — | +10.4% | $559,915 |
Market Trends
Home Value History (with trend line)
📊 How Does 10504 Compare?
| Metric | 10504 | Armonk | New York |
|---|---|---|---|
| Home Value | $1,746,645 | $1,746,645 | $505,608 |
| 5-Year CAGR | 5.1% | 5.1% | 6.6% |
| Avg Rent | $3,384 | $3,384 | - |
| Cap Rate | 1.5% | 1.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10504 (Armonk, NY). Anonymous, moderated, never written by AI.
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Property managers serving Westchester County
Manage rentals here? List your business →Comfort Usukumah is a REALTOR specializing in assisting buyers and sellers in New York, providing access to all listings and home value discussions. summary from their website
Real Property Management Westchester is a property management company serving Westchester, NY. summary from their website
Igor Krasnoperov helps clients sell their homes with a guaranteed price. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,746,645 |
| Monthly Rent | $3,384 |
| Price-to-Rent | 43.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10504
Population: 7,853
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 10504
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,907 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Armonk, NY make sense for an investment property?
With a 3.0/5 investability score, Armonk, NY ranks as a solid market for rental property investors. Median prices of $1.7M and rents of $3,384/mo drive the underlying numbers.
Are rents high in Armonk, NY?
Rents in Armonk, NY run near $3,384/mo. Compared with median home prices of $1.7M that produces solid gross yields for typical rentals.
Which real estate strategy fits Armonk, NY?
The best-fit strategy in Armonk, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How deep is the rental pool in Armonk, NY?
Expect a solid tenant pool in Armonk, NY. The rental market absorbs $3,384/mo rents without meaningful friction.
What is the average home sale price in Armonk, NY?
Typical homes in Armonk, NY go for around $1.7M. The 5-year CAGR of 0.0% predictable price movement.
You know 10504 now. You don’t know where it ranks.
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How 10504 ranks in New York-Newark-Jersey City, NY-NJ-PA
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