The housing in Floral Park, NY is quite expensive with the median value being $746,100, which is more than double the US House Median Value of $338,100. Although the US House Appreciation increased 8.27% over one year, the House 1 year appreciation in Floral Park only increased by 7.99%, indicating that the area is not quite as volatile as some other markets. Despite this slower growth rate, it is clear that Floral Park remains an expensive and desirable place to purchase a home.
The median home cost in Floral Park is $746,100. Home appreciation the last 10 years has been 70.5%. Home Appreciation in Floral Park is up 11.6%.
Average Age of Homes
- The median age of Floral Park real estate is 78 years old
The Rental Market in Floral Park
- Renters make up 19.2% of the Floral Park population
- 1.4% of houses and apartments in Floral Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.