Hollis, New York, NY—11423
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hollis, New York, NY
As of Oct '25, the median home price in Hollis, New York, NY is $807,000, with a year-over-year change of 0.5%. This indicates that home prices in Hollis, New York, NY are flat. 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 | $807,000 | 0.5% |
| Single Family | $851,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $215,000 | 5.4% |
2 Bed | $325,000 | 5.5% |
3 Bed | $815,000 | 1.7% |
4 Bed | $1,010,000 | -4.3% |
| 5 Bed | $1,219,000 | 5.4% |
% of Housing Stock
Rental Trends — Hollis, New York, NY
As of July '25, Rentcast reports the average rent in Hollis, New York, NY is $3,460, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in Hollis, New York, NY is studios: $4,000, 1-bedrooms: $2,020, 2-bedrooms: $2,520, 3-bedrooms: $3,330, 4-bedrooms: $4,490. The most common rental property sizes in Hollis, New York, NY are 1-bedroom and 2-bedroom, accounting for 35.0% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,460 |
| Studio Rent | $4,000 | $4,000 |
| 1 Bed Rent | $2,000 | $2,020 |
| 2 Bed Rent | $2,400 | $2,520 |
| 3 Bed Rent | $3,200 | $3,330 |
| 4 Bed Rent | $4,000 | $4,490 |
% of Rental Stock
Property Listings — Hollis, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hollis, New York, NY is 77. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $747,000 | 27.0% |
Listing Count | 89 | 51.0% |
| Listings as % of Homes | 0.6% | 51.0% |
Days on Market | 77 | -7.0% |
Demographics — Hollis, New York, NY
As of the latest ACS Survey released in 2023, Hollis, New York, NY has a population of 29,100, which has decreased by -7.3% over the past 5 years. Hollis, New York, NY is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | -7.3% |
% Under 18 | 18.1% | -3.7% |
% Seniors | 19.6% | 28.9% |
% WFH | 6.8% | 100.0% |
% w/ College Degree | 34.3% | 18.3% |
As of the latest ACS Survey released in 2023, Hollis, New York, NY is a predominantly black area, with 34.3% of the population identifying as black. The black population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Hollis, New York, NY is asian, making up 30.8% of the population. Foreign-born residents account for 55.3% of the population in Hollis, New York, NY, and this percentage has increased by 3.4% 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 | 9.7% | 9.0% |
% Black | 34.3% | -11.6% |
% Hispanic | 15.4% | 8.5% |
% Asian | 30.8% | 8.1% |
% Foreign Born | 55.3% | 3.4% |
Mortgage and Risk — Hollis, New York, NY
According to HUD data as of 2023, there were 172 mortgage originations in Hollis, New York, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Hollis, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hollis, New York, NY
As of 2024, the percent of homes in Hollis, New York, 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 units appear to be good home sizes to consider for Section 8 housing in Hollis, New York, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $2,000 | $2,230 |
| 2 Bedroom | $80 | $2,400 | $2,480 |
| 3 Bedroom | -$100 | $3,200 | $3,100 |
| 4 Bedroom | -$670 | $4,000 | $3,330 |
Affordability — Hollis, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $807,000 |
| Median Household Income | $80,900 |