Market Overview
Home Prices in Elmont, NY
The median home value in Elmont, NY is $739,974 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmont are priced80% above average. Elmont is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Elmont home values have risen by approximately29.9%, reflecting strong long-term appreciation in this market.
Price History
Elmont Home Price Trend
City Comparison
Elmont vs. National Median
At $739,974, homes in Elmont cost 80% above the national median of $410,000. Buyers in Elmont should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Elmont?
20% Down Payment
$147,995
on $739,974
Monthly P&I
$3,859/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,901/mo
incl. taxes & insurance
Income Needed
$196,040
gross annual (30% rule)
10% Down Option
$73,997
+ PMI applies
Loan Amount (20% dn)
$591,979
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elmont, NY?
The median home value in Elmont is $739,974 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Elmont?
Over the past year, home values in Elmont have increased by 5.1%. Over five years, prices have risen approximately 29.9%.
How much do I need to earn to buy a home in Elmont?
To comfortably afford the median home price of $739,974 with a 20% down payment ($147,995) at today's rates (6.8%), you'd need a gross annual income of approximately $196,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmont compare to the national average home price?
The national median home value is approximately $410,000. At $739,974, homes in Elmont are 80% above the national average.
What metro area is Elmont part of?
Elmont is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.