Home Values

North New Hyde Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$543,000

  • -0.5% 1-year change
  • 0.6% 1-year forecast

The median home value in North New Hyde Park is $543,000. North New Hyde Park home values have declined -0.5% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in North New Hyde Park is $410, which is higher than the New York Metro average of $254. The median price of homes currently listed in North New Hyde Park is $559,000 while the median price of homes that sold is $568,824. The median rent price in North New Hyde Park is $3,000, which is higher than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In North New Hyde Park 1.6 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in North New Hyde Park is 10.1%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of North New Hyde Park homeowners underwater on their mortgage is 4.4%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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North New Hyde Park Market Overview

Data through Dec 31, 2014
  • $543,000 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $559,000 Median listing price
  • No recent data Median sale price
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North New Hyde Park Market Health

Data through Dec 31, 2014
  • 2.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 4.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes(Oct 31, 2014) North New Hyde Park
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
North Hills $1,026,800
Searingtown $823,200
Manhasset Hills $822,400
Name Median ZHVI
Herricks $564,200
Floral Park $518,600
Garden City Park $515,000
Name Median ZHVI
New Hyde Park $483,800
Stewart Manor $476,000
Garden City South $460,400

Listings & Sales

Data through Dec 31, 2014
  • $410 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 13.8% Listings with price cut
3.7%
Sold below listing
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North New Hyde Park Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,741 North New Hyde Park
    $2,340 New York Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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