Lake Grove, NY—11755
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Grove, NY
As of Oct '25, the median home price in Lake Grove, NY is $698,000, with a year-over-year change of 4.0%. This indicates that home prices in Lake Grove, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $698,000 | 4.1% |
| Single Family | $696,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $568,000 | 3.8% |
3 Bed | $633,000 | 5.5% |
4 Bed | $741,000 | 3.8% |
| 5 Bed | $860,000 | 3.6% |
% of Housing Stock
Rental Trends — Lake Grove, NY
As of July '25, Rentcast reports the average rent in Lake Grove, NY is $2,700, with a year-over-year rent change of -11.8%. Per bedroom, the median rent as of July '25 in Lake Grove, NY is studios: $2,200, 1-bedrooms: $2,590, 2-bedrooms: $3,240. The most common rental property sizes in Lake Grove, NY are 2-bedroom and 1-bedroom, accounting for 36.4% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,640 | $2,700 |
| Studio Rent | $2,200 | $2,200 |
| 1 Bed Rent | $2,610 | $2,590 |
| 2 Bed Rent | $3,240 | $3,240 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Grove, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Grove, NY is 52. This is a decrease of -24.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $738,000 | -2.0% |
Listing Count | 45 | -1.0% |
| Listings as % of Homes | 0.9% | -1.0% |
Days on Market | 52 | -24.0% |
Demographics — Lake Grove, NY
As of the latest ACS Survey released in 2023, Lake Grove, NY has a population of 12,000, which has decreased by -4.5% over the past 5 years. Lake Grove, NY is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 48.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | -4.5% |
% Under 18 | 23.2% | 11.5% |
% Seniors | 17.3% | 5.5% |
% WFH | 9.8% | 206.2% |
% w/ College Degree | 48.3% | 21.7% |
As of the latest ACS Survey released in 2023, Lake Grove, NY is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Lake Grove, NY is hispanic, making up 15.2% of the population. Foreign-born residents account for 16.1% of the population in Lake Grove, NY, and this percentage has increased by 38.8% 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 | 69.7% | -15.3% |
% Black | 1.0% | -33.3% |
% Hispanic | 15.2% | 87.7% |
% Asian | 11.2% | 86.7% |
% Foreign Born | 16.1% | 38.8% |
Mortgage and Risk — Lake Grove, NY
According to HUD data as of 2023, there were 179 mortgage originations in Lake Grove, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Grove, NY. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 179 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lake Grove, NY
Lake Grove, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $2,610 | $2,390 |
| 2 Bedroom | -$480 | $3,240 | $2,760 |
| 3 Bedroom | N/A | N/A | $3,580 |
| 4 Bedroom | N/A | N/A | $3,830 |
Affordability — Lake Grove, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $698,000 |
| Median Household Income | $120,000 |