Real Estate Investing in Larchmont, New York (10538)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10538 (Larchmont, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
What’s happening in Larchmont, NY (10538)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10538 Larchmont
The 10538 ZIP in Larchmont, NY is a local-operator market. Outside capital chasing a $1.8M entry has to pair deep knowledge with the discount.
The investment case in 10538 is sturdy only for operators who understand what they are buying. A $1.8M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Larchmont have seen price recovery that 10538 has not matched. Westchester County data supports the view that the spread is structural rather than temporary.
Demographically, 10538 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 10538 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Larchmont:
Property Strategy for 10538
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $791,915 | $3,280 | 3.0% | +6.8% | $395,957 |
| 3BR | $1,302,612 | $4,110 | 2.3% | +8.5% | $434,204 |
| 4BR | $1,832,012 | $4,460 | 1.8% | +8.9% | $458,003 |
| 5BR | $2,689,759 | — | — | +9.2% | $537,952 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10538 Compare?
| Metric | 10538 | Larchmont | New York |
|---|---|---|---|
| Home Value | $1,787,056 | $1,787,056 | $505,608 |
| 5-Year CAGR | 8.2% | 8.2% | 6.6% |
| Avg Rent | $6,820 | $6,820 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 10538 (Larchmont, 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 | $1,787,056 |
| Monthly Rent | $6,820 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.0%). 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 10538
Population: 17,709
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 10538
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ANNE HUTCHINSON SCHOOL
COLUMBUS ELEMENTARY SCHOOL
EASTCHESTER MIDDLE SCHOOL
F E BELLOWS ELEMENTARY SCHOOL
GEORGE M DAVIS ELEMENTARY SCHOOL
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
Frequently Asked Questions
What is the median home value in Larchmont, NY?
Expect median prices around $1.8M in Larchmont, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Can owner-occupants cash flow in Larchmont, NY?
Larchmont, NY is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.8M price point reasonable to enter.
How much do tenants pay in Larchmont, NY?
Rent in Larchmont, NY is around $6,820/mo. The resulting rent-to-value relationship with $1.8M pricing is reasonable for most investor models.
Are landlord laws favorable in Larchmont, NY?
Rental owners in Larchmont, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What is the tenant pool like in Larchmont, NY?
Expect a solid tenant pool in Larchmont, NY. The rental market absorbs $6,820/mo rents without meaningful friction.
You know 10538 now. You don’t know where it ranks.
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How 10538 ranks in New York-Newark-Jersey City, NY-NJ-PA
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