Franklin Square, NY—11010
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin Square, NY
As of Oct '25, the median home price in Franklin Square, NY is $789,000, with a year-over-year change of 4.9%. This indicates that home prices in Franklin Square, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $789,000 | 4.9% |
| Single Family | $789,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $701,000 | 4.0% |
3 Bed | $787,000 | 3.8% |
4 Bed | $831,000 | 3.7% |
| 5 Bed | $959,000 | 4.8% |
% of Housing Stock
Rental Trends — Franklin Square, NY
As of July '25, Rentcast reports the average rent in Franklin Square, NY is $3,600, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Franklin Square, NY is 2-bedrooms: $2,600, 3-bedrooms: $3,340, 4-bedrooms: $4,620. The most common rental property sizes in Franklin Square, NY are 2-bedroom and 3-bedroom, accounting for 42.0% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,600 | $2,600 |
| 3 Bed Rent | $3,000 | $3,340 |
| 4 Bed Rent | $4,500 | $4,620 |
% of Rental Stock
Property Listings — Franklin Square, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin Square, NY is 50. This is a increase of 44.0% 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 | $806,000 | 0.0% |
Listing Count | 67 | 72.0% |
| Listings as % of Homes | 0.5% | 72.0% |
Days on Market | 50 | 44.0% |
Demographics — Franklin Square, NY
As of the latest ACS Survey released in 2023, Franklin Square, NY has a population of 25,600, which has increased by 2.2% over the past 5 years. Franklin Square, NY is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 2.2% |
% Under 18 | 19.8% | -4.8% |
% Seniors | 18.0% | 0.6% |
% WFH | 10.5% | 320.0% |
% w/ College Degree | 39.7% | 21.0% |
As of the latest ACS Survey released in 2023, Franklin Square, NY is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Franklin Square, NY is hispanic, making up 16.7% of the population. Foreign-born residents account for 23.2% of the population in Franklin Square, NY, and this percentage has increased by 9.4% 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 | 62.7% | -8.5% |
% Black | 4.8% | 269.2% |
% Hispanic | 16.7% | -14.4% |
% Asian | 12.2% | 45.2% |
% Foreign Born | 23.2% | 9.4% |
Mortgage and Risk — Franklin Square, NY
According to HUD data as of 2023, there were 234 mortgage originations in Franklin Square, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Franklin Square, NY. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Franklin Square, NY
Franklin Square, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,130 |
| 2 Bedroom | -$140 | $2,600 | $2,460 |
| 3 Bedroom | $190 | $3,000 | $3,190 |
| 4 Bedroom | -$1,080 | $4,500 | $3,420 |
Affordability — Franklin Square, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $789,000 |
| Median Household Income | $141,000 |