Sleepy Hollow Lake, NY
Population 1,566 · New York
About Sleepy Hollow Lake, NY
Sleepy Hollow Lake is a small town located in New York with a population of 1,566 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,906 per year, which is 18% above the national median of $75,149. The median age of 50.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sleepy Hollow Lake features a median home value of $272,000, which is 11% above the national median of $244,900. This positions Sleepy Hollow Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 926 total housing units, 94% are owner-occupied (508 units) and 6% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sleepy Hollow Lake shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 23.2%, above the national average of 12.4%. Workers in Sleepy Hollow Lake have an average one-way commute time of 30.5 minutes.
Education & Demographics
42.7% of Sleepy Hollow Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 4.3% Asian residents, with 12.7% of the population being foreign-born.
Cost of Living in Sleepy Hollow Lake, NY
Compared to national averages, Sleepy Hollow Lake has a median household income of $88,906 (18% above the national median of $75,149). Home values average $272,000, which is 11% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Sleepy Hollow Lake's income is 8% below the state average of $96,987, and home values are 30% below the state median of $387,181.
Why Live in Sleepy Hollow Lake, NY?
Sleepy Hollow Lake offers a strong local economy with a median household income of $88,906, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a well-educated community where 42.7% of residents hold a bachelor’s degree or higher.
Sleepy Hollow Lake has a population of 1,566 with a median age of 50.3 years. Compare Sleepy Hollow Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Sleepy Hollow Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cairo | 1,565 | $54,479 | $197,000 | Compare |
| Rapids | 1,562 | $103,482 | $275,700 | Compare |
| Remsenburg-Speonk | 1,559 | $175,469 | $1,022,100 | Compare |
| Philmont | 1,575 | $62,972 | $215,700 | Compare |
| Greene | 1,556 | $53,508 | $149,400 | Compare |
| Valatie | 1,579 | $99,632 | $304,600 | Compare |
| Trumansburg | 1,552 | $71,316 | $271,300 | Compare |
| Golden's Bridge | 1,549 | $240,417 | $706,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sleepy Hollow Lake With Other Cities
Frequently Asked Questions about Sleepy Hollow Lake
What is the population of Sleepy Hollow Lake, NY?
The population of Sleepy Hollow Lake, NY is 1,566 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Sleepy Hollow Lake?
The median household income in Sleepy Hollow Lake, NY is $88,906 per year, which is 18% above the national median of $75,149.
What is the median home value in Sleepy Hollow Lake?
The median home value in Sleepy Hollow Lake, NY is $272,000, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sleepy Hollow Lake?
The median monthly rent in Sleepy Hollow Lake, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Sleepy Hollow Lake?
The unemployment rate in Sleepy Hollow Lake, NY is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sleepy Hollow Lake, NY a good place to live?
Sleepy Hollow Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,566 and a median age of 50.3, the city appeals to established professionals and retirees.
How educated is Sleepy Hollow Lake, NY?
42.7% of residents in Sleepy Hollow Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Sleepy Hollow Lake?
Key cost-of-living indicators for Sleepy Hollow Lake, NY: median home value is $272,000 (11% above national), median rent is $0/month, and median household income is $88,906. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sleepy Hollow Lake?
The poverty rate in Sleepy Hollow Lake, NY is 23.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Sleepy Hollow Lake, NY?
Sleepy Hollow Lake's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 4.3% Asian, and 2.8% two or more races. 12.7% of residents are foreign-born.