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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Floral Park, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Floral Park, NY Housing Market Trends

With a population of 15,925, 5,498 total housing units (homes and apartments), and a median house value of $874,548, Floral Park house prices are not only among the most expensive in New York, Floral Park real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Floral Park, accounting for 71.10% of the village's housing units. Other types of housing that are prevalent in Floral Park include duplexes, homes converted to apartments or other small apartment buildings ( 16.25%), large apartment complexes or high rise apartments ( 11.33%), and a few row houses and other attached homes ( 1.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Floral Park. Owner-occupied housing accounts for 86.55% of Floral Park's homes, and 65.09% have either three or four bedrooms, which is average sized relative to America.

The housing in Floral Park was primarily built before 1939 ( 52.49%), making the housing stock in Floral Park some of the oldest overall in America, although there is a range of ages of homes in Floral Park. The next most important housing age is between 1940-1969 ( 40.05%), followed by between 1970-1999 ( 6.19%). There's also some housing in Floral Park built between 2000 and later ( 1.27%).

Floral Park Home Appreciation Rates

Real estate appreciation rates in Floral Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.38% during the period.

NeighborhoodScout's data show that during the latest twelve months, Floral Park's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Floral Park's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Floral Park's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Floral Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Floral Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Floral Park real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$874,548

Floral Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,024 / per month

Homeownership Rate

Owners
Renters
86.6%
86.6%
13.4%
13.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.1%
3.1%
96.9%
96.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.3%
1.3%
6.2%
6.2%
40.1%
40.1%
52.5%
52.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.1%
71.1%
1.3%
1.3%
16.2%
16.2%
11.3%
11.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
13.0%
13.0%
15.7%
15.7%
43.4%
43.4%
21.7%
21.7%
5.4%
5.4%
0% 100.0%
% of Homes