The typical owner-occupied home in New Hyde Park is worth about $722,900, 71% above the New York median of $423,800 and 2.2 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.38% of their home's value, lower than the New York rate of 1.55%. The median household earns $142,927 a year, so the median home costs 5.1 times the median income (4.9 times for New York). 87% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
New Hyde Park at a glance
| New Hyde Park | New York | U.S. | |
|---|---|---|---|
| Median home value | $722,900 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.38% | 1.55% | 0.94% |
| Median household income | $142,927 | $85,974 | $80,734 |
| Homes lived in by their owners | 87% | 54% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,621 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 24.7% | 22.5% | 21.0% |
| Median rent | $2,172 | $1,621 | $1,413 |
| Rent as a share of renters' income | 29.3% | 31.2% | 30.6% |
| Median year homes were built | 1951 | 1959 | 1980 |
| Vacant homes | 3.9% | 10.0% | 10.1% |
| Population | 10,220 | 19,852,366 | 334,922,499 |
What a typical home costs per month in New Hyde Park
At this week's average 30-year rate of 7.11%, buying the median New Hyde Park home of $722,900 with 20% down costs about $5,023 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,227, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $215,269 for the 20%-down payment. That payment is 42% of the median New Hyde Park household income of $142,927; at that income and 20% down, the 28% guideline points to a home of about $480,000.
The median rent here is $2,172 a month, so owning the median home costs about $2,851 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $144,580 |
|---|---|
| Loan amount | $578,320 |
| Principal and interest | $3,890 |
| Property taxes (1.38% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $301 |
| PMI | $0 |
| Total per month | $5,023 |
Change the numbers in the calculator
| Down payment | $25,302 |
|---|---|
| Loan amount | $709,806 |
| Principal and interest | $4,775 |
| Property taxes (1.38% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $301 |
| FHA mortgage insurance | $320 |
| Total per month | $6,227 |
Change the numbers in the calculator
Questions about home buying in New Hyde Park
What is the median home value in New Hyde Park?
About $722,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Hyde Park?
Homeowners pay a median $10,001 a year, which is about 1.38% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in New Hyde Park?
For the median home with 20% down at 7.11%, the payment is about $5,023 a month. Keeping that under 28% of gross income takes about $215,269 a year.
More about New Hyde Park
- Mortgage Refinance in New Hyde Park
- Debt Relief in New Hyde Park
- Home Equity Loans in New Hyde Park
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data