Hewlett, NY—11557
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hewlett, NY
As of Oct '25, the median home price in Hewlett, NY is $965,000, with a year-over-year change of 3.4%. This indicates that home prices in Hewlett, NY are increasing. 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 | $965,000 | 3.4% |
| Single Family | $1,035,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $807,000 | 1.5% |
4 Bed | $1,023,000 | 2.8% |
| 5 Bed | $1,731,000 | 6.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Hewlett, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hewlett, NY is 83. This is a increase of 19.0% 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 | $1,090,000 | 11.0% |
Listing Count | 72 | 6.0% |
| Listings as % of Homes | 2.1% | 6.0% |
Days on Market | 83 | 19.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Hewlett, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $965,000 |
| Median Household Income | $170,000 |