Farmingdale, NY—11735
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmingdale, NY
As of Oct '25, the median home price in Farmingdale, NY is $691,000, with a year-over-year change of 3.4%. This indicates that home prices in Farmingdale, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $691,000 | 3.4% |
| Single Family | $697,000 | 2.8% |
| Condos | $342,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $572,000 | 5.1% |
3 Bed | $701,000 | 2.5% |
4 Bed | $744,000 | 2.1% |
| 5 Bed | $815,000 | 2.4% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Farmingdale, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmingdale, NY is 47. This is a increase of 18.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $734,000 | 19.0% |
Listing Count | 99 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 47 | 18.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $691,000 |
| Median Household Income | $146,000 |