Elmont, NY—11003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmont, NY
As of Oct '25, the median home price in Elmont, NY is $704,000, with a year-over-year change of 4.1%. This indicates that home prices in Elmont, 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 | $704,000 | 4.1% |
| Single Family | $705,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $616,000 | 3.9% |
3 Bed | $703,000 | 3.5% |
4 Bed | $742,000 | 3.3% |
| 5 Bed | $836,000 | 4.4% |
% of Housing Stock
Rental Trends — Elmont, NY
As of July '25, Rentcast reports the average rent in Elmont, NY is $3,070, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Elmont, NY is studios: $2,100, 1-bedrooms: $1,820, 2-bedrooms: $2,660, 3-bedrooms: $3,550, 4-bedrooms: $5,200. The most common rental property sizes in Elmont, NY are 2-bedroom and 3-bedroom, accounting for 42.6% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,070 |
| Studio Rent | $2,100 | $2,100 |
| 1 Bed Rent | $1,850 | $1,820 |
| 2 Bed Rent | $2,600 | $2,660 |
| 3 Bed Rent | $3,400 | $3,550 |
| 4 Bed Rent | $4,900 | $5,200 |
% of Rental Stock
Property Listings — Elmont, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmont, NY is 64. This is a increase of 23.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $752,000 | 0.0% |
Listing Count | 114 | 78.0% |
| Listings as % of Homes | 0.7% | 78.0% |
Days on Market | 64 | 23.0% |
Demographics — Elmont, NY
As of the latest ACS Survey released in 2023, Elmont, NY has a population of 44,700, which has decreased by -1.2% over the past 5 years. Elmont, NY is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,700 | -1.2% |
% Under 18 | 19.9% | -1.0% |
% Seniors | 16.3% | 19.0% |
% WFH | 4.9% | 206.2% |
% w/ College Degree | 32.9% | 10.0% |
As of the latest ACS Survey released in 2023, Elmont, NY is a predominantly black area, with 41.9% of the population identifying as black. The black population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Elmont, NY is hispanic, making up 21.6% of the population. Foreign-born residents account for 43.2% of the population in Elmont, NY, and this percentage has decreased by 0.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.8% | -9.2% |
% Black | 41.9% | -11.0% |
% Hispanic | 21.6% | 8.0% |
% Asian | 16.9% | 19.9% |
% Foreign Born | 43.2% | -0.5% |
Mortgage and Risk — Elmont, NY
According to HUD data as of 2023, there were 454 mortgage originations in Elmont, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Elmont, NY. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 454 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Elmont, NY
As of 2024, the percent of homes in Elmont, NY under the Section 8 program is 2.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Elmont, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 177 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,850 | $2,310 |
| 2 Bedroom | $70 | $2,600 | $2,670 |
| 3 Bedroom | $60 | $3,400 | $3,460 |
| 4 Bedroom | -$1,190 | $4,900 | $3,710 |
Affordability — Elmont, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $704,000 |
| Median Household Income | $123,000 |