Elmont, NY 11003 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Elmont, NY—11003

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$699,000

3.7% YoY Growth

Household Income

$123,000

26.4% YoY Growth

Days on Market

57.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,800

17.6% YoY Growth

1-Bed Rent

$1,850

18.2% YoY Growth

2-Bed Rent

$2,600

0.4% YoY Growth

3-Bed Rent

$3,400

7.6% YoY Growth

Home Price Trends — Elmont, NY

As of Dec '25, the median home price in Elmont, NY is $699,000, with a year-over-year change of 3.7%. This indicates that home prices in Elmont, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$699,000	3.7%
Single Family	$700,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.3%

1 Bedroom

9.0%

2 Bedrooms

42.6%

3 Bedrooms

30.8%

4 Bedrooms

7.6%

5+ Bedrooms

6.7%

Property Listings — Elmont, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Elmont, NY is 59. This is a increase of 37.0% 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	$761,000	3.0%
Listing Count	80	49.0%
Listings as % of Homes	0.7%	49.0%
Days on Market	80	57.0%

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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%

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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%

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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%

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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

Elmont, NY—11003

Key Metrics at a Glance

Home Price Trends — Elmont, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elmont, NY

% of Rental Stock

Property Listings — Elmont, NY

Demographics — Elmont, NY

Race and Ethnicity

Mortgage and Risk — Elmont, NY

Mortgages

Rentals and Section 8 — Elmont, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Elmont, NY

Home Price to Income Ratio

Elmont, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Floral Park, NY

Valley Stream, NY

St. Albans, New York, NY

Cambria Heights, New York, NY

Franklin Square, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$699,000
Median Household Income	$123,000

Elmont, NY—11003

Key Metrics at a Glance

Home Price Trends — Elmont, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Elmont, NY

% of Rental Stock

Property Listings — Elmont, NY

Demographics — Elmont, NY

Race and Ethnicity

Mortgage and Risk — Elmont, NY

Mortgages

Rentals and Section 8 — Elmont, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Elmont, NY

Home Price to Income Ratio

Elmont, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Floral Park, NY

Valley Stream, NY

St. Albans, New York, NY

Cambria Heights, New York, NY

Franklin Square, NY

Frequently Asked Questions

What is the average home price in Elmont, NY 11003?

How have home prices in Elmont, NY 11003 changed over the past year?

What is the home price projection for Elmont, NY 11003?

What are the demographics of Elmont, NY 11003?

How long does it take homes to sell in Elmont, NY 11003?

What is the average rent price in Elmont, NY 11003?