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Westchester County, NY

RANK #169 / 996  ·  POP 997,904  ·  NY

PROJECTED GROWTH: +2.3%

Westchester County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Westchester County?

Westchester County, New York, is known for its blend of suburban and urban living, situated directly north of New York City in the Hudson Valley. Towns like Tarrytown offer historic charm and scenic Hudson River views, while Scarsdale is recognized for its upscale character. Commuting to Manhattan is common, with Metro-North Railroad providing direct access to Grand Central Terminal, with some express trains taking as little as 30-38 minutes from towns like White Plains or Tarrytown. The county boasts extensive parklands, including over 18,000 acres for outdoor activities such as hiking, biking, and water sports along the Hudson River and Long Island Sound.

Life in Westchester County often appeals to families seeking highly rated public schools and a balance between natural surroundings and urban amenities. The local economy has seen recent growth, with an increase in jobs across sectors such as financial activities, leisure and hospitality, and professional and business services. There has also been significant investment in residential development, with thousands of new units delivered or under construction in urban centers like New Rochelle, Yonkers, and White Plains. This development aims to address housing demand and reflects a focus on urban revitalization and transit-oriented projects.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+2.9%

Above national median

Home Prices
+5.3%

Outpacing national median

Climate & Terrain
0.8

Moderate climate & terrain

Price/Rent
18x

Above national median (13x)

Housing is fairly valued at 6.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Westchester County U.S. National

The Numbers

DEMOGRAPHICS
Population
997,904
-0.18% YoY
Median Household Income
$114,651
Median Home Value
$619,000
+5.33% 12mo
Median Rent
$1,796
Average Annual Pay
$94,317
+3.2% YoY
Employment
429,582
+1.6% YoY
Income-to-Home-Value
0.1852
Near national average
Migration Inflow
2.98%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$772,500
Days on Market
43
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
100.9%
Homes selling above asking
Sold Above List
41.3%
Listings w/ Price Drops
12.6%
Building Permits (2024)
1,592
Single-Family Permits
268

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$672M
TOTAL
PROJECT AMOUNT STATUS
Port Cortlandt Offshore Wind Hub (Manufacturing/Logistics Facilities)
Consortium of Hudson Valley developers and planners
$200M Proposed
Yonkers Joint Wastewater Treatment Facility Upgrades
Westchester County
$185M Planned
Station Plaza Affordable Housing Development (Ossining)
WBP Development LLC
$96M Under Construction
Affordable Housing Investment Fund II & New Homes Land Acquisition Programs
Westchester County
$85M Planned
Enel North America Battery Storage Systems (Ossining, Yorktown Heights, Hawthorne)
Enel North America
$56M Under Construction
Electric Vehicle Charging Infrastructure Expansion
Westchester County
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.9% 54 percentile
Population Growth -0.2% 21 percentile
Income Growth +8.8% 58 percentile
Vacancy Rate 0.8% 75 percentile
Home Price Change +5.3% 92 percentile
Rent Growth +2.6% 42 percentile
Price/Rent 18x 17 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Westchester County, NY a good place to move to?

Westchester County has a Boom Town Index score of 83/100, ranking #169 among 996 U.S. counties. With job growth at +1.6% and a median household income of $114,651, it's an above-average county on economic indicators.

Is Westchester County affordable?

The median home value in Westchester County is $619,000 with median rent at $1,796/month. The income-to-home-value ratio is 0.1852, which is less affordable than the national average.

Is Westchester County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.6%. Home values changed +5.3% in the past 12 months.

Are people moving to Westchester County?

Yes — 2.98% of Westchester County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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