New Hyde Park, NY—11040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hyde Park, NY
As of Oct '25, the median home price in New Hyde Park, NY is $937,000, with a year-over-year change of 5.1%. This indicates that home prices in New Hyde Park, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $937,000 | 5.1% |
| Single Family | $939,000 | 4.4% |
| Condos | $554,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $854,000 | 5.3% |
3 Bed | $925,000 | 4.0% |
4 Bed | $981,000 | 3.9% |
| 5 Bed | $1,154,000 | 4.6% |
% of Housing Stock
Rental Trends — New Hyde Park, NY
As of July '25, Rentcast reports the average rent in New Hyde Park, NY is $4,200, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in New Hyde Park, NY is studios: $1,900, 1-bedrooms: $2,680, 2-bedrooms: $3,150, 3-bedrooms: $4,000, 4-bedrooms: $5,620. The most common rental property sizes in New Hyde Park, NY are 2-bedroom and 1-bedroom, accounting for 33.9% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,200 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $2,650 | $2,680 |
| 2 Bed Rent | $2,800 | $3,150 |
| 3 Bed Rent | $3,500 | $4,000 |
| 4 Bed Rent | $5,500 | $5,620 |
% of Rental Stock
Property Listings — New Hyde Park, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hyde Park, NY is 47. This is a increase of 18.0% 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 | $1,030,000 | 11.0% |
Listing Count | 133 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 47 | 18.0% |
Demographics — New Hyde Park, NY
As of the latest ACS Survey released in 2023, New Hyde Park, NY has a population of 42,300, which has increased by 1.1% over the past 5 years. New Hyde Park, NY is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,300 | 1.1% |
% Under 18 | 20.0% | -2.0% |
% Seniors | 20.5% | 6.2% |
% WFH | 14.4% | 350.0% |
% w/ College Degree | 56.1% | 9.8% |
As of the latest ACS Survey released in 2023, New Hyde Park, NY is a predominantly asian area, with 43.8% of the population identifying as asian. The asian population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in New Hyde Park, NY is white, making up 38.6% of the population. Foreign-born residents account for 33.5% of the population in New Hyde Park, NY, and this percentage has decreased by 8.2% 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 | 38.6% | -10.0% |
% Black | 1.2% | -25.0% |
% Hispanic | 11.2% | -16.4% |
% Asian | 43.8% | 14.1% |
% Foreign Born | 33.5% | -8.2% |
Mortgage and Risk — New Hyde Park, NY
According to HUD data as of 2023, there were 452 mortgage originations in New Hyde Park, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in New Hyde Park, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 452 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — New Hyde Park, NY
As of 2024, the percent of homes in New Hyde Park, NY under the Section 8 program is 0.3%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Hyde Park, NY, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $2,650 | $2,550 |
| 2 Bedroom | $130 | $2,800 | $2,930 |
| 3 Bedroom | $300 | $3,500 | $3,800 |
| 4 Bedroom | -$1,430 | $5,500 | $4,070 |
Affordability — New Hyde Park, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $937,000 |
| Median Household Income | $154,000 |