Market Overview
Home Prices in New Hyde Park, NY
The median home value in New Hyde Park, NY is $986,147 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Hyde Park are priced141% above average. New Hyde Park is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, New Hyde Park home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
New Hyde Park Home Price Trend
City Comparison
New Hyde Park vs. National Median
At $986,147, homes in New Hyde Park cost 141% above the national median of $410,000. Buyers in New Hyde Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Hyde Park?
20% Down Payment
$197,229
on $986,147
Monthly P&I
$5,143/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,532/mo
incl. taxes & insurance
Income Needed
$261,280
gross annual (30% rule)
10% Down Option
$98,615
+ PMI applies
Loan Amount (20% dn)
$788,918
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 New Hyde Park, NY?
The median home value in New Hyde Park is $986,147 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in New Hyde Park?
Over the past year, home values in New Hyde Park have increased by 4.3%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in New Hyde Park?
To comfortably afford the median home price of $986,147 with a 20% down payment ($197,229) at today's rates (6.8%), you'd need a gross annual income of approximately $261,280. This assumes keeping total housing costs at or below 30% of gross income.
How does New Hyde Park compare to the national average home price?
The national median home value is approximately $410,000. At $986,147, homes in New Hyde Park are 141% above the national average.
What metro area is New Hyde Park part of?
New Hyde Park 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.