Bordering on the outer limits of New York City, New Rochelle is the gateway to Westchester County, the most desirable NY suburb thanks to its location along the beautiful Long Island Sound, its vast expanses of parks and beaches, its family oriented lifestyle and its relatively affordable home market.
Easy access to the I-95 and the Hutchinson Parkway, as well as a 30 minutes train commute to Manhattan makes it a very convenient location for a lot of people.
New Rochelle was founded in 1688 by French Huguenots and grew to become one of the richest communities in the nation at the beginning of the 20th century, as still evidenced by the remarkable Art Deco architecture of many Main Street buildings.
After a prolonged decline, New Rochelle is growing again and is poised to experience a significant revival with a number of new residential projects as well as retail and office development initiatives. Moreover, first class higher education institutions - like Iona College, College of New Rochelle and Monroe College – are experiencing a significant expansion which helps revitalize the city downtown.
The municipality is successfully taking action to enhance the quality of life and attract more businesses and home buyers. New Rochelle is proving to be particularly attractive to those who feel priced out of Manhattan and find comparable properties for half the price or even less.
Like the rest of Westchester and the whole New York Metropolitan area, the New Rochelle housing market has experienced unusually volatile conditions: - steep price increases from 2006 to 2008 followed by a sharp correction. The data for the last 12month indicate a return to more stable conditions, realistic prices and a fair level of activity.
