New Hyde Park, NY

This village of 10,244 residents needs 208 more housing units over the next five years. New Hyde Park is part of the New York Metropolitan Transportation Council.

Housing snapshot

Population
10,244 (2026)
Households
3,562
Median household income
$150,158 (2026)
Typical home value
$983,742
Owner-occupied
83%
Five-year housing need
208 units

Comparison to other New York municipalities

New Hyde Park: $150,158 Median income (2026 estimate)
<$31K >$149K
New Hyde Park: 1.47 jobs to household ratio
<0.02 >1.89
New Hyde Park: Permits since 2021 represent 0.6% of housing
<0% >5.9%
On this page

How affordable is this community?

The typical home in New Hyde Park, NY is valued at $983,742, well above the New York average of $245,316. With a median household income of $150,158 in New Hyde Park, NY, the typical home is far out of reach for most households, requiring roughly $113,869 more in annual income to afford.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

New Hyde Park, NY has a population of roughly 10,220 that has been largely stable in recent years.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

New Hyde Park, NY has roughly 3,562 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in New Hyde Park, NY is heavily oriented toward detached single-family, which makes up 86% of units. New Hyde Park, NY is a strongly owner-occupied community, with 83% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, New Hyde Park, NY needs 208 new units over the next 5 years.

101
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
2.8%
Projected household growth rate
Expected increase in total households from 3,562 in 2026 to 3,663 in 2031.
107
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
23
Replacement housing
Effective annual loss rate is 1.3 per 1,000 units.
47
Ownership vacancy adjustment
Owner-occupied vacancy is 0.0%. This is below the minimum stable target of 1.5%.
37
Rental vacancy adjustment
Rental vacancy is 0.0%. This is below the minimum stable target of 7.4%.
208
Total 5-year housing production need (2026-2031)
42
Annual production pace
Average units needed per year to meet 5-year need
5.7%
Total housing unit growth
Percent increase in housing stock over 5 years
1.1%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?