The typical owner-occupied home in Larchmont is worth about $1,635,500, 3.9 times the New York median of $423,800 and 4.9 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.61% of their home's value, lower than the New York rate of 1.55%. The median household earns $167,536 a year, so the median home costs 9.8 times the median income (4.9 times for New York). 73% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Larchmont at a glance
| Larchmont | New York | U.S. | |
|---|---|---|---|
| Median home value | $1,635,500 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 0.61% | 1.55% | 0.94% |
| Median household income | $167,536 | $85,974 | $80,734 |
| Homes lived in by their owners | 73% | 54% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 22.5% | 21.0% |
| Median rent | $2,093 | $1,621 | $1,413 |
| Rent as a share of renters' income | 34.8% | 31.2% | 30.6% |
| Median year homes were built | 1940 | 1959 | 1980 |
| Vacant homes | 3.9% | 10.0% | 10.1% |
| Population | 6,567 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Larchmont
At this week's average 30-year rate of 7.11%, buying the median Larchmont home of $1,635,500 with 20% down costs about $10,315 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,302, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $442,051 for the 20%-down payment. That payment is 74% of the median Larchmont household income of $167,536; at that income and 20% down, the 28% guideline points to a home of about $620,000.
The median rent here is $2,093 a month, so owning the median home costs about $8,222 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $327,100 |
|---|---|
| Loan amount | $1,308,400 |
| Principal and interest | $8,802 |
| Property taxes (0.61% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $681 |
| PMI | $0 |
| Total per month | $10,315 |
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| Down payment | $57,242 |
|---|---|
| Loan amount | $1,605,877 |
| Principal and interest | $10,803 |
| Property taxes (0.61% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $681 |
| FHA mortgage insurance | $986 |
| Total per month | $13,302 |
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Questions about home buying in Larchmont
What is the median home value in Larchmont?
About $1,635,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Larchmont?
Homeowners pay a median $10,001 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Larchmont?
For the median home with 20% down at 7.11%, the payment is about $10,315 a month. Keeping that under 28% of gross income takes about $442,051 a year.
More about Larchmont
- Mortgage Refinance in Larchmont
- Debt Relief in Larchmont
- Home Equity Loans in Larchmont
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data