Purchase, New York.
Typical home $2,315,653 (+8.0% in a year), asking rent $3,939 (-0.0%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$6,904 (+131%) since Jan 2020.
- 1 year
- Up $172,344 +8%
- $2,143,309$2,315,653 since Sep 2025
- 5 years
- Up $752,352 +48%
- $1,563,301$2,315,653 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Purchase$12,154
- New York$2,755
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Purchase, NY rose 8.0% over the past year — faster than the nation's +1.2%.
Asking rents in Purchase, NY fell 0.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Purchase runs $13,604/mo more than renting one — the widest that gap has been in this data.
That is $17,543 a month against $3,939 rent: a $12,154 mortgage payment, plus $2,910 property tax and $2,479 insurance & upkeep.
Owning vs renting — Purchase
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$17,543
- Renting$3,939
- Mortgage only$12,154
Property tax · $2,910/mo 1.51% of value a year — the ACS 2020-2024 median bill over the median home value for Westchester County, NY
Insurance & upkeep · $2,479/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Purchase, Westchester County, New York
The Census does not count Purchase on its own, so the figures here are Westchester County's. Half the county's households earn more than $118,976 a year and half less; 9% of the county's people live below the poverty line. 62% of the county's homes are lived in by their owners and 38% are rented. Unemployment in Westchester County was 4.0% in August 2026, and the county had 0.8% more jobs in 2025 than the year before. The most people in Westchester County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Purchase is a town in Westchester County, New York, a short way north of New York City. Its winters are cold, with the coldest months in January, and its summers are warm, with the warmest in July. Rain and melted snow fall through the year in good measure. Most homes are lived in by their owners, which is the usual pattern across Westchester County, and typical home values and rents across the county are high.
Work. Many residents work in schools, hospitals and social care, in professional and business services, or in banks, insurance and property. Most adults hold a four-year degree. Unemployment across the county has edged up slightly over the past year, and the number of jobs has grown a little. Most residents commute to work rather than working from home.
Things to do. The Bronx River is a short drive away and offers a quiet place to walk or sit by the water. Central Park, a garden in Manhattan, and the Bronx Zoo are a longer drive away and make fuller day trips.
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- 372,883households
- 41.8median age
- 53%of adults have a degree
- 9%below the poverty line
- 35 mintypical commute
- 19%work from home
What people in Westchester County work in
Employed residents by industry, from the Census survey. Westchester County had 433,070 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 22°; warmest in July, with highs near 83° and lows near 65°. About 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Westchester County Airport weather station, 2 miles away (NOAA).
Largest workplaces in Westchester County
- Westchester Medical CenterGeneral hospital4,340FTE
- Yonkers City School DistrictSchool district3,450FTE
- PepsiCoOffice administrative services3,117
- White Plains HospitalGeneral hospital2,984FTE
- A&A MaintenanceJanitorial services2,750
- St. Johns Riverside HospitalGeneral hospital1,819FTE
- Phelps Memorial Hospital CenterGeneral hospital1,796FTE
- Northern Westchester HospitalGeneral hospital1,720FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 483 workplaces with 20 or more staff, 79,918 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Winter weatherVery high
- LightningVery high
- Inland floodingRelatively high
- Cold wavesRelatively high
- HurricanesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Westchester County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Westchester County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Purchase home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Purchase$2,315,653
- New York$524,942
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Purchase11
Zip codes with a Purchase address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Purchase — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.