Island Park, NY—11558
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Island Park, NY
As of Nov '25, the median home price in Island Park, NY is $728,000, with a year-over-year change of 2.8%. This indicates that home prices in Island Park, 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 | $728,000 | 2.8% |
| Single Family | $729,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $607,000 | 1.8% |
3 Bed | $727,000 | 1.7% |
4 Bed | $780,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Island Park, NY
As of July '25, Rentcast reports the average rent in Island Park, NY is $3,770, with a year-over-year rent change of 21.2%. Per bedroom, the median rent as of July '25 in Island Park, NY is studios: $2,200, 1-bedrooms: $3,190, 2-bedrooms: $3,270, 3-bedrooms: $3,220, 4-bedrooms: $6,750. The most common rental property sizes in Island Park, NY are 1-bedroom and 3-bedroom, accounting for 36.7% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,770 |
| Studio Rent | $2,200 | $2,200 |
| 1 Bed Rent | $3,200 | $3,190 |
| 2 Bed Rent | $3,300 | $3,270 |
| 3 Bed Rent | $3,100 | $3,220 |
| 4 Bed Rent | $5,500 | $6,750 |
% of Rental Stock
Property Listings — Island Park, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Island Park, NY is 53. This is a decrease of -8.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $724,000 | 5.0% |
Listing Count | 32 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 53 | -8.0% |
Demographics — Island Park, NY
As of the latest ACS Survey released in 2023, Island Park, NY has a population of 8,530, which has increased by 3.8% over the past 5 years. Island Park, NY is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 36.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,530 | 3.8% |
% Under 18 | 18.0% | 9.8% |
% Seniors | 20.0% | 2.0% |
% WFH | 17.0% | 415.2% |
% w/ College Degree | 36.3% | 33.0% |
As of the latest ACS Survey released in 2023, Island Park, NY is a predominantly white area, with 73.1% of the population identifying as white. The white population has grown by 9.1% in the last 5 years. The second most common race or ethnicity in Island Park, NY is hispanic, making up 15.5% of the population. Foreign-born residents account for 19.7% of the population in Island Park, NY, and this percentage has increased by 10.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.1% | 9.1% |
% Black | 1.5% | -16.7% |
% Hispanic | 15.5% | -44.4% |
% Asian | 4.8% | 108.7% |
% Foreign Born | 19.7% | 10.1% |
Mortgage and Risk — Island Park, NY
According to HUD data as of 2023, there were 101 mortgage originations in Island Park, NY, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Island Park, NY. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Island Park, NY
As of 2024, the percent of homes in Island Park, NY under the Section 8 program is 9.6%. 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 Island Park, 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 | 115 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 80.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$970 | $3,200 | $2,230 |
| 2 Bedroom | -$730 | $3,300 | $2,570 |
| 3 Bedroom | $230 | $3,100 | $3,330 |
| 4 Bedroom | -$1,930 | $5,500 | $3,570 |
Affordability — Island Park, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $728,000 |
| Median Household Income | $109,000 |