New Hyde 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

New Hyde Park, NY Housing Market Trends

With a population of 10,257, 2,949 total housing units (homes and apartments), and a median house value of $755,128, New Hyde Park house prices are not only among the most expensive in New York, New Hyde 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 New Hyde Park, accounting for 87.02% of the village's housing units. Other types of housing that are prevalent in New Hyde Park include duplexes, homes converted to apartments or other small apartment buildings ( 9.53%), large apartment complexes or high rise apartments ( 2.38%), and a few row houses and other attached homes ( 1.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Hyde Park. Owner-occupied housing accounts for 82.42% of New Hyde Park's homes, and 71.05% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Hyde Park's housing was primarily built during this period, from the '40s through the '60s. A full 60.68% of the village's housing hails from this era. Other housing ages represented in New Hyde Park include homes built before 1939 ( 28.08%) and housing constructed between 1970-1999 ( 8.08%). There's also some housing in New Hyde Park built between 2000 and later ( 3.15%).

New Hyde Park Home Appreciation Rates

Appreciation rates for homes in New Hyde Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 67.80%, which ranks in the top 40% nationwide. This equates to an annual average New Hyde Park house appreciation rate of 5.31%.

Over the last year, New Hyde Park appreciation rates have trailed the rest of the nation. In the last twelve months, New Hyde Park's appreciation rate has been 14.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Hyde Park were at 5.53%, which equates to an annual appreciation rate of 24.04%.

Notably, New Hyde Park's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that New Hyde Park's latest annual appreciation rate is lower than 90% 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 New Hyde Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Hyde 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 New Hyde Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$755,128

New Hyde Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
155.40% 4.35%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,748 / per month

Homeownership Rate

Owners
Renters
Vacant
82.4%
82.4%
17.6%
17.6%
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.2%
3.2%
8.1%
8.1%
60.7%
60.7%
28.1%
28.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.0%
87.0%
1.1%
1.1%
9.5%
9.5%
2.4%
2.4%
0.0%
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
0.6%
0.6%
5.5%
5.5%
15.0%
15.0%
41.3%
41.3%
29.8%
29.8%
7.9%
7.9%
0.0% 100.0%
% OF HOMES