Mill Neck, NY—11765
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mill Neck, NY
As of Oct '25, the median home price in Mill Neck, NY is $2,594,000, with a year-over-year change of 7.6%. This indicates that home prices in Mill Neck, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,594,000 | 7.6% |
| Single Family | $2,602,000 | 7.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mill Neck, NY
As of July '25, Rentcast reports the average rent in Mill Neck, NY is $6,750, with a year-over-year rent change of -25.0%. Per bedroom, the median rent as of July '25 in Mill Neck, NY is 2-bedrooms: $3,500. The most common rental property sizes in Mill Neck, NY are 2-bedroom and 3-bedroom, accounting for 50.0% and 20.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $6,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,500 | $3,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mill Neck, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mill Neck, NY is 111. This is a increase of 80.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $7,800,000 | 44.0% |
Listing Count | 8 | -30.0% |
| Listings as % of Homes | 3.6% | -30.0% |
Days on Market | 111 | 80.0% |
Demographics — Mill Neck, NY
As of the latest ACS Survey released in 2023, Mill Neck, NY has a population of 808, which has increased by 11.8% over the past 5 years. Mill Neck, NY is a popular place for families, as children make up 28.7% of the population. The area has a highly educated workforce, with 79.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 808 | 11.8% |
% Under 18 | 28.7% | 28.7% |
% Seniors | 28.7% | 44.9% |
% WFH | 16.4% | 3.8% |
% w/ College Degree | 79.0% | 4.5% |
As of the latest ACS Survey released in 2023, Mill Neck, NY is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Mill Neck, NY is hispanic, making up 21.4% of the population. Foreign-born residents account for 9.4% of the population in Mill Neck, NY, and this percentage has decreased by 48.6% 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 | 69.2% | -11.2% |
% Black | 0.0% | N/A |
% Hispanic | 21.4% | 435.0% |
% Asian | 6.7% | -59.4% |
% Foreign Born | 9.4% | -48.6% |
Mortgage and Risk — Mill Neck, NY
Mill Neck, NY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Mill Neck, NY
Mill Neck, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,890 |
| 2 Bedroom | -$110 | $3,500 | $3,390 |
| 3 Bedroom | N/A | N/A | $4,390 |
| 4 Bedroom | N/A | N/A | $4,760 |
Affordability — Mill Neck, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $2,594,000 |
| Median Household Income | $250,000 |