Sell Your Commercial Property In Westchester County, NY

Who rents in Westchester County

Renters head 142,281 of the 372,883 occupied households in Westchester County, a 38.2% share in the 2020-2024 ACS. Owners hold the remaining 230,602 households. Yonkers alone counts 43,908 renter households, about 30.9% of the Westchester County total, and the city's 51.2% share of units in 5+ buildings leads the eight cities below.

Mount Vernon posts the highest renter share among Westchester County's cities, at 57.1%, while Harrison's 39.5% share sits closer to the county average. White Plains and New Rochelle add two more cities where apartment stock runs dense.

Rents, growth and affordability

Westchester County's median gross rent climbed 26.9%, from $1,537 to $1,951, between the 2015-2019 and 2020-2024 surveys. Population grew more slowly, up 3.2% to 999,677 residents, an increase of 30,787 people. Renter households in Westchester County rose 5.5%, adding 7,463 households.

Supply grew too. Units in 5+ unit buildings in Westchester County increased 11.0%, adding 13,763 units. Rental vacancy in Westchester County is tight at 2.5%, and 54.1% of renters paid 30% or more of income on gross rent in the 2020-2024 ACS.

HUD's FY2027 two-bedroom Fair Market Rent for the New York, NY HUD Metro FMR Area is $2,971, effective October 1, 2026. That benchmark runs $1,020 above Westchester County's median gross rent, reflecting the wider metro's higher rent range.

City-by-city comparison

White Plains leads Westchester County's apartment stock, with 60.7% of its housing units in 5+ unit buildings. Yonkers follows at 51.2%, and Mount Vernon at 48.4%. Ossining posted a 0.0% rental vacancy rate in the survey, the tightest in the table, while Peekskill's 4.5% is the loosest.

Vacancy varies sharply across Westchester County cities. Port Chester's 0.4% and Harrison's 1.2% contrast with Peekskill's 4.5%. Rent ranges from $1,629 in Mount Vernon to $2,616 in Harrison, a $987 spread.

Mount Vernon pairs its low rent with the highest renter share, 57.1%, among Westchester County's cities. Yonkers, the county's largest city, runs 53.8% renters and a 2.3% vacancy rate close to the countywide 2.5% figure.

Property taxes and assessment in Westchester County

Westchester County taxes commercial and multifamily property at market value, under New York's Real Property Tax Law Article 5/15. Each town or city assessor within Westchester County reassesses property on its own schedule, so an apartment building's bill depends on its specific municipality rather than one countywide rate.

Buyers evaluating Westchester County property should pull the current assessment roll and tax bill for each parcel, since school, town, city and special district levies stack on top of the base assessment. No statewide cap limits assessment growth on Westchester County's commercial and multifamily parcels, so sellers should expect buyers to underwrite the next reassessment, not just the current bill.

What this means if you sell in Westchester County

When you sell commercial property in Westchester County, NY, you sell into a deep renter pool. Renters hold 38.2% of households, and 35.3% of units sit in 5+ unit buildings, concentrated in Yonkers, White Plains and New Rochelle. The 2.5% rental vacancy rate means buyers will test your rent roll against a tight market rather than against concessions.

Rent control is a live factor in parts of Westchester County. Older buildings with more than six units built before 1974 can fall under the Emergency Tenant Protection Act, so sellers selling an apartment building in Westchester County, NY should confirm whether its units are regulated before pricing it.

As a multifamily buyer in Westchester County, NY, we review properties from Yonkers to Peekskill as they stand today. Send a current rent roll, a T-12 and the latest assessment, and we will price the building on those numbers.