New Hyde Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Hyde Park Neighborhoods Since 2000




New Hyde 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

New Hyde Park Housing Market Information

With a population of 9,811, 2,942 total housing units (homes and apartments), and a median house value of $589,395, 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 81.61% 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 ( 15.21%), large apartment complexes or high rise apartments ( 1.70%).

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 83.57% of New Hyde Park's homes, and 71.88% 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 70.37% of the village's housing hails from this era. Other housing ages represented in New Hyde Park include homes built before 1939 ( 21.27%) and housing constructed between 1970-1999 ( 6.72%). There's also some housing in New Hyde Park built between 2000 and later ( 1.64%).

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 7.37%, which ranks in the top 40% nationwide. This equates to an annual average New Hyde Park house appreciation rate of 0.71%.

NeighborhoodScout's data show that during the latest twelve months, New Hyde Park's appreciation rate, at 4.52%, has been at or slightly above the national average. In the latest quarter, New Hyde Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that New Hyde Park's latest annual appreciation rate is higher than 70% 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:
$589,395

New Hyde Park, NY HOME PRICES

Value Range
> $1,164,000 0.4
$873,001 - $1,164,000 1.7
$582,001 - $873,000 44.6
$465,001 - $582,000 33.7
$349,001 - $465,000 16.8
$233,001 - $349,000 0.5
$116,001 - $233,000 0.6
$58,001 - $116,000 0.7
$0 - $58,000 0.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.10172272354389 11.672278338945

Number Of Homes And Apartments:
2,942

New Hyde 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
82.03% 3.53% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,949 / per month

Homeownership Rate

Homeownership
Owners 83.57
Renters 16.43
Vacant 3.57

Housing Market Details

 

Age of Homes

AGE OF New Hyde Park HOMES
2000 or Newer 1.6
1970 - 1999 6.7
1940 - 1969 70.4
1939 or Older 21.3

Types of Homes

TYPE OF New Hyde Park HOMES
Single-Family 81.6
Townhomes 0.7
Small Apt. Buildings 15.2
Apt. Complexes 1.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF New Hyde Park HOMES
No Bedroom 0.39
1 Bedroom 6.88
2 Bedrooms 11.60
3 Bedrooms 36.91
4 Bedrooms 34.97
5 or more bedrooms 9.24