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Floral Park

Learn about the people, housing, costs and businesses in Floral Park, New York

Median Home$772,575
Median Rent$2,500/month
Population16,169
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare5% professional services
Home Value Growth+5.9% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners85% of occupied units
NotableTransit89/100 · excellent transit access
NotableHigh Incomes$148k/year · top 4% nationally
Floral Park
NY

Frequently Asked Questions

What are today's mortgage rates in Floral Park?

As of today, the 30-year fixed mortgage rate for Floral Park is approximately 6.801% (6.834% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Floral Park?

The median home value in Floral Park is $773k. The median monthly rent is $2,500. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Floral Park?

Home values in Floral Park have increased 5.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Floral Park?

Based on a typical all-in ownership cost of $2,410/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $103k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Floral Park is $148k/year.

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What industries drive the economy in Floral Park?

The largest employment sectors in Floral Park are public administration (29%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.