Elmhurst, New York, NY—11373
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmhurst, New York, NY
As of Oct '25, the median home price in Elmhurst, New York, NY is $516,000, with a year-over-year change of 6.4%. This indicates that home prices in Elmhurst, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $516,000 | 6.4% |
| Single Family | $967,000 | 4.2% |
| Condos | $429,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $345,000 | 5.5% |
2 Bed | $548,000 | 7.0% |
3 Bed | $859,000 | 7.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elmhurst, New York, NY
As of July '25, Rentcast reports the average rent in Elmhurst, New York, NY is $2,790, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Elmhurst, New York, NY is studios: $1,710, 1-bedrooms: $2,450, 2-bedrooms: $2,820, 3-bedrooms: $3,500, 4-bedrooms: $3,200. The most common rental property sizes in Elmhurst, New York, NY are 2-bedroom and 1-bedroom, accounting for 37.9% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,790 |
| Studio Rent | $1,750 | $1,710 |
| 1 Bed Rent | $2,250 | $2,450 |
| 2 Bed Rent | $2,800 | $2,820 |
| 3 Bed Rent | $3,400 | $3,500 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Elmhurst, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmhurst, New York, NY is 108. 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $455,000 | -2.0% |
Listing Count | 192 | 37.0% |
| Listings as % of Homes | 0.4% | 37.0% |
Days on Market | 108 | 18.0% |
Demographics — Elmhurst, New York, NY
As of the latest ACS Survey released in 2023, Elmhurst, New York, NY has a population of 99,400, which has increased by 5.8% over the past 5 years. Elmhurst, New York, NY is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 99,400 | 5.8% |
% Under 18 | 20.8% | 5.1% |
% Seniors | 13.6% | 0.0% |
% WFH | 7.3% | 305.6% |
% w/ College Degree | 29.6% | 12.1% |
As of the latest ACS Survey released in 2023, Elmhurst, New York, NY is a predominantly asian area, with 48.1% of the population identifying as asian. The asian population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Elmhurst, New York, NY is hispanic, making up 43.4% of the population. Foreign-born residents account for 65.7% of the population in Elmhurst, New York, NY, and this percentage has decreased by 1.9% 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 | 4.9% | -24.6% |
% Black | 1.8% | -14.3% |
% Hispanic | 43.4% | 4.8% |
% Asian | 48.1% | -1.0% |
% Foreign Born | 65.7% | -1.9% |
Mortgage and Risk — Elmhurst, New York, NY
According to HUD data as of 2023, there were 208 mortgage originations in Elmhurst, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Elmhurst, New York, NY. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 208 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Elmhurst, New York, NY
As of 2024, the percent of homes in Elmhurst, New York, NY under the Section 8 program is 0.5%. 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 Elmhurst, New York, NY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 114 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $2,250 | $2,610 |
| 2 Bedroom | $90 | $2,800 | $2,890 |
| 3 Bedroom | $200 | $3,400 | $3,600 |
| 4 Bedroom | $690 | $3,200 | $3,890 |
Affordability — Elmhurst, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $516,000 |
| Median Household Income | $71,500 |