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City Report · NY

Sleepy Hollow

Pop. 10,887·13th most expensive in New York·Sleepy Hollow rents have dropped 9.4%, currently a renter's market
Median rent (all units)
$3,980/mo
Year-over-Year
-9.4%
Month-over-Month
-10.6%
vs US Median
+$2,018
Falling (Monthly)
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Most AffordableMost Expensive
Sleepy Hollow · $3,980
More expensive than 98% of US cities · National median $1,962/mo
Rent Reality Score
88/100
Great value
OverheatedFairGreat value

Rents are 19% below what Sleepy Hollow's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$3,980/mo
Expected by trend
$4,922/mo
The Rent Reality Score compares today's median rent to where Sleepy Hollow's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,644
1 BR
$1,761
2 BR
$2,099
3 BR
$2,660
Fair Market Rent (HUD)
$2,099/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,980 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$47,760/yr
At $3,980/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.4% YoY, -10.6% MoM), not inventory.
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Demographics

Who lives here

Sleepy Hollow, NY is majority renter-occupied, has a median income above the national average, 43.1% of residents hold a bachelor's degree or higher.

Population
10,887
Median income
$104,313
Median age
41.9
Renters
68.1%
Age distribution
21.7%
19.8%
28.9%
13.7%
15.8%
Under 1821.7%
18–3419.8%
35–5428.9%
55–6413.7%
65+15.8%
Gender
52.1%
47.9%
Male52.1%
Female47.9%
Race & ethnicity
43.4%
50.4%
White43.4%
Black3.9%
Hispanic50.4%
Asian4.1%
Education (25+)
24.6%
16.3%
15.9%
43.1%
No HS diploma24.6%
HS diploma16.3%
Some college15.9%
Bachelor's+43.1%
Housing tenure
31.9%
68.1%
Owner31.9%
Renter68.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Sleepy Hollow, NY has changed in 5 years

Rent
$3,739 → $3,980
up 6.4%
Income
$91,326 → $104,313
up 14.2%
Population
10,176 → 10,887
up 7.0%
Renter share
67.7% → 68.1%
+0.4 pts
Bachelor's+
38.8% → 43.1%
+4.3 pts
Median age
41.1 → 41.9
+0.8 yrs

Compared with 2023, rent in Sleepy Hollow, NY has increased by $241 per month, settling near $3,980 after starting the period at $3,739. On the earnings side, the typical household in Sleepy Hollow, NY now reports about $104,313, up from $91,326 in 2021. Income growth outran rent by about 7.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 10,176 to 10,887 between 2021 and 2024, a 7.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.8% to 43.1%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Sleepy Hollow, NY reflects that arc in its own way.

Community

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View Sleepy Hollow rent history (2015–2026) →
Salary vs rent

Can you afford rent in Sleepy Hollow on your salary?

At $3,980/mo, how Sleepy Hollow rent compares to typical pay (30% rule).

By apartment size

Sleepy Hollow rent by bedroom count

Median rent for each apartment size in Sleepy Hollow. Click any size for full breakdown.

Local insights

Tips for renters in Sleepy Hollow

About renting in Sleepy Hollow, NY

Last updated: August 17, 2026

The median rent in Sleepy Hollow is $3,980/mo as of August 2026. A studio apartment averages $1,644/mo while a 2-bedroom runs $2,099/mo. One-bedroom apartments average $1,761/mo and 3-bedroom units go for $2,660/mo.

At 46% of local median household income ($104,313/yr), Sleepy Hollow ranks as moderate compared to the national benchmark of 30%. Rents have decreased 9.4% over the past year.

FAQ

Frequently asked questions

Is Sleepy Hollow an affordable city for renters?

Sleepy Hollow is considered stretched for renters. At $3,980/mo, rent takes approximately 46% of the local median household income ($104,313/yr). The standard benchmark is 30%. Sleepy Hollow significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Sleepy Hollow?

To keep rent at or below 30% of gross income, you would need to earn at least $159,000/year (~$76/hour full-time) to afford the median rent of $3,980/mo in Sleepy Hollow. The local median household income is $104,313/yr, meaning the typical Sleepy Hollow household falls short of that threshold.

Is rent going up or down in Sleepy Hollow?

Rent in Sleepy Hollow has decreased 9.4% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Sleepy Hollow rent compare to other cities in New York?

Sleepy Hollow is one of the pricier cities in New York for rent, ranking #13 out of 125 tracked cities at $3,980/mo.

Which nearby cities are cheaper to rent in than Sleepy Hollow?

Several nearby cities have lower median rents than Sleepy Hollow ($3,980/mo): Nyack ($2,914/mo), White Plains ($3,227/mo), Ossining ($3,368/mo).

What percentage of Sleepy Hollow residents rent vs. own?

According to Census data, approximately 68.1% of Sleepy Hollow households are renters, while 31.9% are owner-occupied. With a majority renter population, Sleepy Hollow has a strong rental market.

How does Sleepy Hollow rent compare to the national average?

Sleepy Hollow's median rent of $3,980/mo is $2,018 (103%) above the US national median of $1,962/mo. Within New York, it ranks #13 out of 125 tracked cities.
Income Affordability
46%
STRETCHED

At $3,980/mo, rent takes ~46% of Sleepy Hollow's median household income ($104,313/yr). The standard benchmark is 30%.

Sleepy Hollow 46%Benchmark 30%
State income tax4–10.9%
Run the Sleepy Hollow affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Sleepy Hollow, NY

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