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Farmingdale, NY—11735

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$690,000
3.1% YoY Growth
Household Income
$146,000
38.6% YoY Growth
Days on Market
82
25.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$2,980
7.6% YoY Growth
1-Bed Rent
$2,880
3.5% YoY Growth
2-Bed Rent
$3,500
17.3% YoY Growth
3-Bed Rent
$3,200
15.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Farmingdale, NY

As of Dec '25, the median home price in Farmingdale, NY is $690,000, with a year-over-year change of 3.1%. This indicates that home prices in Farmingdale, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$690,0003.1%
Single Family $697,0003.0%
Condos $339,0005.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$572,0005.0%
    3 Bed
    		$702,0002.6%
    4 Bed
    		$744,0002.2%
    5 Bed $812,8842.4%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    10.2%
    2 Bedrooms
    14.1%
    3 Bedrooms
    37.7%
    4 Bedrooms
    29.0%
    5+ Bedrooms
    6.8%

    Rental Trends — Farmingdale, NY

    As of July '25, Rentcast reports the average rent in Farmingdale, NY is $3,130, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Farmingdale, NY is studios: $3,310, 1-bedrooms: $2,690, 2-bedrooms: $3,590, 3-bedrooms: $3,860, 4-bedrooms: $4,400. The most common rental property sizes in Farmingdale, NY are 1-bedroom and 2-bedroom, accounting for 33.5% and 25.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,980$3,130
    Studio Rent $2,760$3,310
    1 Bed Rent $2,880$2,690
    2 Bed Rent $3,500$3,590
    3 Bed Rent $3,200$3,860
    4 Bed Rent $4,400$4,400
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    % of Rental Stock

    Studio
    11.2%
    1 Bedroom
    33.5%
    2 Bedrooms
    25.3%
    3 Bedrooms
    19.9%
    4 Bedrooms
    6.4%
    5+ Bedrooms
    3.7%

    Property Listings — Farmingdale, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Farmingdale, NY is 59. This is a increase of 28.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$749,00017.0%
    Listing Count
    		459.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		8225.0%
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    Demographics — Farmingdale, NY

    As of the latest ACS Survey released in 2023, Farmingdale, NY has a population of 32,800, which has decreased by -2.0% over the past 5 years. Farmingdale, NY is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 44.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		32,800-2.0%
    % Under 18
    		17.4%-15.9%
    % Seniors
    		18.2%18.2%
    % WFH
    		11.2%229.4%
    % w/ College Degree
    		44.7%23.1%
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    As of the latest ACS Survey released in 2023, Farmingdale, NY is a predominantly white area, with 71.0% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Farmingdale, NY is hispanic, making up 15.3% of the population. Foreign-born residents account for 12.5% of the population in Farmingdale, NY, and this percentage has decreased by 11.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		71.0%-2.2%
    % Black
    		3.7%-15.9%
    % Hispanic
    		15.3%4.1%
    % Asian
    		7.9%16.2%
    % Foreign Born
    		12.5%-11.3%
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    Mortgage and Risk — Farmingdale, NY

    According to HUD data as of 2023, there were 433 mortgage originations in Farmingdale, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Farmingdale, NY. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		433
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Farmingdale, NY

    As of 2024, the percent of homes in Farmingdale, NY under the Section 8 program is 7.2%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Farmingdale, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		169
    Total Units Section 8
    		168
    % Rentals under Section 8
    		7.2%
    % Occupied Section 8
    		92.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$730$2,880$2,150
    2 Bedroom-$1,020$3,500$2,480
    3 Bedroom$10$3,200$3,210
    4 Bedroom-$960$4,400$3,440

    Affordability — Farmingdale, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$690,000
    Median Household Income$146,000

    Farmingdale, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    11804

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    11762

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    11701

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    11747

    Frequently Asked Questions