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New Hyde Park-Garden City Park

Learn about the people, housing, costs and businesses in New Hyde Park-Garden City Park, New York

Median Home$779,778
Median Rent$1,971/month
Population23,062
Leading IndustriesPublic Administration · Wholesale Trade · Manufacturing28% public administration
Home Value Growth⬆⬆+13.1% over 2 years
Retirees25% of residentswell above average
Homeowners90% of occupied units
NotableHigh Incomes$160k/year · top 8% nationally
New Hyde Park-Garden City Park
NY

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Frequently Asked Questions

What are today's mortgage rates in New Hyde Park-Garden City Park?

As of today, the 30-year fixed mortgage rate for New Hyde Park-Garden City Park is approximately 6.812% (6.841% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for New Hyde Park-Garden City Park
What is the median home price in New Hyde Park-Garden City Park?

The median home value in New Hyde Park-Garden City Park is $780k. The median monthly rent is $1,971. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Hyde Park-Garden City Park?

Home values in New Hyde Park-Garden City Park have increased 13.1% over the past two years. This indicates a strong appreciation trend. 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 New Hyde Park-Garden City Park?

Based on a typical all-in ownership cost of $2,660/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Hyde Park-Garden City Park is $160k/year.

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What industries drive the economy in New Hyde Park-Garden City Park?

The largest employment sectors in New Hyde Park-Garden City Park are public administration (28%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.