Hewlett, NY 11557 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hewlett, NY—11557

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,008,000

2.9% YoY Growth

Household Income

$170,000

34.7% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$3,400

1.3% YoY Growth

1-Bed Rent

$2,800

0.0% YoY Growth

2-Bed Rent

$3,000

3.0% YoY Growth

3-Bed Rent

$4,600

5.6% YoY Growth

Home Price Trends — Hewlett, NY

As of May '26, the median home price in Hewlett, NY is $1,008,000, with a year-over-year change of 2.9%. This indicates that home prices in Hewlett, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,008,000	2.9%
Single Family	$1,082,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hewlett, NY

As of July '25, Rentcast reports the average rent in Hewlett, NY is $3,910, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Hewlett, NY is studios: $1,930, 1-bedrooms: $2,760, 2-bedrooms: $3,120, 3-bedrooms: $4,500, 4-bedrooms: $4,710. The most common rental property sizes in Hewlett, NY are 2-bedroom and 3-bedroom, accounting for 51.4% and 31.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,910
Studio Rent	$1,930	$1,930
1 Bed Rent	$2,800	$2,760
2 Bed Rent	$3,000	$3,120
3 Bed Rent	$4,600	$4,500
4 Bed Rent	$4,500	$4,710

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% of Rental Stock

1 Bedroom

11.1%

2 Bedrooms

51.4%

3 Bedrooms

31.9%

4 Bedrooms

3.5%

5+ Bedrooms

2.1%

Property Listings — Hewlett, NY

As of May '26, Realtor.com reports that the median days on market for a home in Hewlett, NY is 59. This is a increase of 23.0% 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	$1,200,000	-3.0%
Listing Count	56	-28.0%
Listings as % of Homes	2.1%	-28.0%
Days on Market	59	23.0%

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Demographics — Hewlett, NY

As of the latest ACS Survey released in 2023, Hewlett, NY has a population of 8,500, which has increased by 13.7% over the past 5 years. Hewlett, NY is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 65.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,500	13.7%
% Under 18	26.3%	17.4%
% Seniors	18.2%	-15.0%
% WFH	26.0%	242.1%
% w/ College Degree	65.3%	16.0%

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As of the latest ACS Survey released in 2023, Hewlett, NY is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Hewlett, NY is asian, making up 9.2% of the population. Foreign-born residents account for 19.2% of the population in Hewlett, NY, and this percentage has decreased by 19.3% 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	73.8%	-2.5%
% Black	6.5%	124.1%
% Hispanic	7.8%	-35.0%
% Asian	9.2%	3.4%
% Foreign Born	19.2%	-19.3%

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Mortgage and Risk — Hewlett, NY

According to HUD data as of 2023, there were 108 mortgage originations in Hewlett, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Hewlett, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	108
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Hewlett, NY

As of 2024, the percent of homes in Hewlett, NY under the Section 8 program is 6.2%. 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. In Hewlett, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	6.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$250	$2,800	$2,550
2 Bedroom	-$60	$3,000	$2,940
3 Bedroom	-$790	$4,600	$3,810
4 Bedroom	-$420	$4,500	$4,080

Hewlett, NY—11557

Key Metrics at a Glance

Home Price Trends — Hewlett, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hewlett, NY

% of Rental Stock

Property Listings — Hewlett, NY

Demographics — Hewlett, NY

Race and Ethnicity

Mortgage and Risk — Hewlett, NY

Mortgages

Rentals and Section 8 — Hewlett, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Hewlett, NY

Home Price to Income Ratio

Hewlett, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Woodmere, NY

East Rockaway, NY

Lynbrook, NY

Valley Stream, NY

Cedarhurst, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$1,008,000
Median Household Income	$170,000

Hewlett, NY—11557

Key Metrics at a Glance

Home Price Trends — Hewlett, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hewlett, NY

% of Rental Stock

Property Listings — Hewlett, NY

Demographics — Hewlett, NY

Race and Ethnicity

Mortgage and Risk — Hewlett, NY

Mortgages

Rentals and Section 8 — Hewlett, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Hewlett, NY

Home Price to Income Ratio

Hewlett, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Woodmere, NY

East Rockaway, NY

Lynbrook, NY

Valley Stream, NY

Cedarhurst, NY

Frequently Asked Questions

What is the average home price in Hewlett, NY 11557?

How have home prices in Hewlett, NY 11557 changed over the past year?

What is the home price projection for Hewlett, NY 11557?

What are the demographics of Hewlett, NY 11557?

How long does it take homes to sell in Hewlett, NY 11557?

What is the average rent price in Hewlett, NY 11557?