Floral Park, NY—11001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Floral Park, NY
As of Oct '25, the median home price in Floral Park, NY is $827,000, with a year-over-year change of 4.5%. This indicates that home prices in Floral Park, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $827,000 | 4.5% |
| Single Family | $832,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $704,000 | 2.8% |
3 Bed | $842,000 | 4.2% |
4 Bed | $886,000 | 3.5% |
| 5 Bed | $992,000 | 3.9% |
% of Housing Stock
Rental Trends — Floral Park, NY
As of July '25, Rentcast reports the average rent in Floral Park, NY is $3,490, with a year-over-year rent change of 15.6%. Per bedroom, the median rent as of July '25 in Floral Park, NY is studios: $2,000, 1-bedrooms: $2,640, 2-bedrooms: $3,660, 3-bedrooms: $3,590, 4-bedrooms: $5,000. The most common rental property sizes in Floral Park, NY are 2-bedroom and 1-bedroom, accounting for 34.6% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,490 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,300 | $2,640 |
| 2 Bed Rent | $3,100 | $3,660 |
| 3 Bed Rent | $3,750 | $3,590 |
| 4 Bed Rent | $4,000 | $5,000 |
% of Rental Stock
Property Listings — Floral Park, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Floral Park, NY is 68. This is a increase of 86.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $847,000 | 0.0% |
Listing Count | 68 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 68 | 86.0% |
Demographics — Floral Park, NY
As of the latest ACS Survey released in 2023, Floral Park, NY has a population of 25,700, which has decreased by -7.7% over the past 5 years. Floral Park, NY is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 53.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | -7.7% |
% Under 18 | 21.2% | 1.9% |
% Seniors | 18.3% | 4.6% |
% WFH | 15.0% | 305.4% |
% w/ College Degree | 53.4% | 17.4% |
As of the latest ACS Survey released in 2023, Floral Park, NY is a predominantly white area, with 51.3% of the population identifying as white. The white population has shrunk by 17.1% in the last 5 years. The second most common race or ethnicity in Floral Park, NY is asian, making up 24.5% of the population. Foreign-born residents account for 29.3% of the population in Floral Park, NY, and this percentage has increased by 22.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.3% | -17.1% |
% Black | 6.0% | 11.1% |
% Hispanic | 15.5% | 22.0% |
% Asian | 24.5% | 31.7% |
% Foreign Born | 29.3% | 22.1% |
Mortgage and Risk — Floral Park, NY
According to HUD data as of 2023, there were 217 mortgage originations in Floral Park, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Floral Park, NY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Floral Park, NY
As of 2024, the percent of homes in Floral Park, NY under the Section 8 program is 3.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Floral Park, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $2,300 | $2,250 |
| 2 Bedroom | -$520 | $3,100 | $2,580 |
| 3 Bedroom | -$430 | $3,750 | $3,320 |
| 4 Bedroom | -$440 | $4,000 | $3,560 |
Affordability — Floral Park, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $827,000 |
| Median Household Income | $145,000 |