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  4. /New Hyde Park, NY - 11040

New Hyde Park, NY—11040

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$986,000
4.4% YoY Growth
Household Income
$154,000
23.4% YoY Growth
Days on Market
25
25.0% Shorter YoY
Home Price Forecast
1.9%
Median Rent
$4,000
4.2% YoY Growth
1-Bed Rent
$2,650
2.9% YoY Growth
2-Bed Rent
$2,800
13.7% YoY Growth
3-Bed Rent
$3,500
6.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Hyde Park, NY

As of May '26, the median home price in New Hyde Park, NY is $986,000, with a year-over-year change of 4.4%. This indicates that home prices in New Hyde Park, NY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$986,0004.4%
Single Family $988,0004.3%
Condos $562,0005.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$896,0005.7%
    3 Bed
    		$970,0004.5%
    4 Bed
    		$1,030,0004.4%
    5 Bed $1,212,4335.2%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    3.6%
    2 Bedrooms
    12.0%
    3 Bedrooms
    38.8%
    4 Bedrooms
    37.0%
    5+ Bedrooms
    7.3%

    Rental Trends — New Hyde Park, NY

    As of July '25, Rentcast reports the average rent in New Hyde Park, NY is $4,200, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in New Hyde Park, NY is studios: $1,900, 1-bedrooms: $2,680, 2-bedrooms: $3,150, 3-bedrooms: $4,000, 4-bedrooms: $5,620. The most common rental property sizes in New Hyde Park, NY are 2-bedroom and 1-bedroom, accounting for 33.9% and 20.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$4,000$4,200
    Studio Rent $1,900$1,900
    1 Bed Rent $2,650$2,680
    2 Bed Rent $2,800$3,150
    3 Bed Rent $3,500$4,000
    4 Bed Rent $5,500$5,620
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    % of Rental Stock

    Studio
    7.8%
    1 Bedroom
    20.5%
    2 Bedrooms
    33.9%
    3 Bedrooms
    16.0%
    4 Bedrooms
    13.4%
    5+ Bedrooms
    8.4%

    Property Listings — New Hyde Park, NY

    As of May '26, Realtor.com reports that the median days on market for a home in New Hyde Park, NY is 25. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,110,0005.0%
    Listing Count
    		112-26.0%
    Listings as % of Homes0.6%-26.0%
    Days on Market
    		25-25.0%
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    Demographics — New Hyde Park, NY

    As of the latest ACS Survey released in 2023, New Hyde Park, NY has a population of 42,300, which has increased by 1.1% over the past 5 years. New Hyde Park, NY is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,3001.1%
    % Under 18
    		20.0%-2.0%
    % Seniors
    		20.5%6.2%
    % WFH
    		14.4%350.0%
    % w/ College Degree
    		56.1%9.8%
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    As of the latest ACS Survey released in 2023, New Hyde Park, NY is a predominantly asian area, with 43.8% of the population identifying as asian. The asian population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in New Hyde Park, NY is white, making up 38.6% of the population. Foreign-born residents account for 33.5% of the population in New Hyde Park, NY, and this percentage has decreased by 8.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		38.6%-10.0%
    % Black
    		1.2%-25.0%
    % Hispanic
    		11.2%-16.4%
    % Asian
    		43.8%14.1%
    % Foreign Born
    		33.5%-8.2%
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    Mortgage and Risk — New Hyde Park, NY

    According to HUD data as of 2023, there were 452 mortgage originations in New Hyde Park, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in New Hyde Park, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		452
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — New Hyde Park, NY

    As of 2024, the percent of homes in New Hyde Park, NY under the Section 8 program is 0.3%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Hyde Park, NY, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		7
    Total Units Section 8
    		7
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$100$2,650$2,550
    2 Bedroom$130$2,800$2,930
    3 Bedroom$300$3,500$3,800
    4 Bedroom-$1,430$5,500$4,070

    Affordability — New Hyde Park, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$986,000
    Median Household Income$154,000

    New Hyde Park, NY — ZIP Code Boundary Map

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    Frequently Asked Questions