Floral Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Floral Park Neighborhoods Since 2000




Floral Park, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Floral Park Housing Market Information

With a population of 15,969, 5,701 total housing units (homes and apartments), and a median house value of $582,079, 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 69.12% 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 ( 21.17%), large apartment complexes or high rise apartments ( 7.67%), and a few row houses and other attached homes ( 2.04%).

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 78.71% of Floral Park's homes, and 64.01% have either three or four bedrooms, which is average sized relative to America.

The housing in Floral Park was primarily built before 1939 ( 51.66%), 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 ( 43.70%), followed by between 1970-1999 ( 3.02%). There's also some housing in Floral Park built between 2000 and later ( 1.61%).

Floral Park Home Appreciation Rates

Appreciation rates for homes in Floral 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 2.84%, which ranks in the top 50% nationwide. This equates to an annual average Floral Park house appreciation rate of 0.28%.

NeighborhoodScout's data show that during the latest twelve months, Floral Park's appreciation rate, at 3.66%, has been at or slightly above the national average. In the latest quarter, Floral Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Floral Park's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$582,079

Floral Park, NY HOME PRICES

Value Range
> $1,137,000 0.4
$853,001 - $1,137,000 3.3
$568,001 - $853,000 43.6
$455,001 - $568,000 31.7
$341,001 - $455,000 9.5
$227,001 - $341,000 5.9
$114,001 - $227,000 2.5
$57,001 - $114,000 1.4
$0 - $57,000 1.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.2013359896871 12.1212121212121

Number Of Homes And Apartments:
5,701

Floral Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
74.94% 3.30% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 78.71
Renters 21.29
Vacant 3.21

Housing Market Details

 

Age of Homes

AGE OF Floral Park HOMES
2000 or Newer 1.6
1970 - 1999 3.0
1940 - 1969 43.7
1939 or Older 51.7

Types of Homes

TYPE OF Floral Park HOMES
Single-Family 69.1
Townhomes 2.0
Small Apt. Buildings 21.2
Apt. Complexes 7.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Floral Park HOMES
No Bedroom 2.00
1 Bedroom 11.90
2 Bedrooms 18.40
3 Bedrooms 43.82
4 Bedrooms 20.19
5 or more bedrooms 3.68