US5.com
  1. Home
  2. States
  3. New York
  4. ZIP 11040
  5. Housing & Real Estate
North New Hyde Park CDP, NY

ZIP 11040 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11040

Median Home Value
$795,300
Median Rent
$2,284
Affordability Snapshot
$219,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,109/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 11040 in North New Hyde Park CDP, NY, a household would need roughly $219,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,109. That is about 43% above the local median household income ($153,511), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics

Historic housing stock (26% built before 1939)

Owner Occupied
88.8%+36% vs US avg
x
Vacancy Rate
5.0%-52% vs US avg
x
Broadband Access
94.3%+8% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
26.5%+107% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
28.1%-43% vs US avg
x
Mortgage-Free
42.3%+11% vs US avg
x
$795,300
Home Value
$2,284
Rent
1953
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.1%
  • 1-unit attached2.5%
  • 2-9 units6.5%
  • 10+ units3.3%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$795,300
Median rent$2,284
Owner-occupied88.8%
Vacant5.0%
Price-to-income5.2x
Est. income to buy$219,000