Garden City, NY—11530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden City, NY
As of Oct '25, the median home price in Garden City, NY is $1,231,000, with a year-over-year change of 6.5%. This indicates that home prices in Garden City, 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 | $1,231,000 | 6.5% |
| Single Family | $1,261,000 | 6.5% |
| Condos | $622,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $827,000 | 5.9% |
3 Bed | $1,181,000 | 5.6% |
4 Bed | $1,433,000 | 6.6% |
| 5 Bed | $1,986,000 | 7.5% |
% of Housing Stock
Rental Trends — Garden City, NY
As of July '25, Rentcast reports the average rent in Garden City, NY is $4,350, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Garden City, NY is studios: $2,220, 1-bedrooms: $3,200, 2-bedrooms: $3,960, 3-bedrooms: $7,320, 4-bedrooms: $6,980. The most common rental property sizes in Garden City, NY are 1-bedroom and 3-bedroom, accounting for 31.8% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $4,350 |
| Studio Rent | $2,000 | $2,220 |
| 1 Bed Rent | $3,160 | $3,200 |
| 2 Bed Rent | $3,600 | $3,960 |
| 3 Bed Rent | $7,000 | $7,320 |
| 4 Bed Rent | $7,000 | $6,980 |
% of Rental Stock
Property Listings — Garden City, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Garden City, NY is 44. This is a decrease of -4.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,340,000 | 6.0% |
Listing Count | 89 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 44 | -4.0% |
Demographics — Garden City, NY
As of the latest ACS Survey released in 2023, Garden City, NY has a population of 28,000, which has decreased by -1.5% over the past 5 years. Garden City, NY is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 70.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,000 | -1.5% |
% Under 18 | 24.9% | 4.2% |
% Seniors | 17.7% | 0.6% |
% WFH | 22.0% | 388.9% |
% w/ College Degree | 70.9% | -0.1% |
As of the latest ACS Survey released in 2023, Garden City, NY is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Garden City, NY is hispanic, making up 7.4% of the population. Foreign-born residents account for 10.4% of the population in Garden City, NY, and this percentage has increased by 9.5% 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 | 82.3% | -5.4% |
% Black | 1.4% | -36.4% |
% Hispanic | 7.4% | 23.3% |
% Asian | 5.6% | 51.4% |
% Foreign Born | 10.4% | 9.5% |
Mortgage and Risk — Garden City, NY
According to HUD data as of 2023, there were 377 mortgage originations in Garden City, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Garden City, NY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 377 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Garden City, NY
As of 2024, the percent of homes in Garden City, NY under the Section 8 program is 1.2%. 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 Garden City, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $3,160 | $3,360 |
| 2 Bedroom | $280 | $3,600 | $3,880 |
| 3 Bedroom | -$1,970 | $7,000 | $5,030 |
| 4 Bedroom | -$1,610 | $7,000 | $5,390 |
Affordability — Garden City, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $1,231,000 |
| Median Household Income | $203,000 |