The housing market in 11001 Floral Park, NY is showing strong appreciation and is a great opportunity for potential home buyers. The median house value in the area is $693,300, which is significantly higher than the US median at $338,100. Despite this higher cost of living, the area has an impressive one year house appreciation rate of 7.99%, just slightly lower than the national average of 8.27%. With housing values continuing to increase, now is an excellent time to invest in real estate here.
The median home cost in Floral Park (zip 11001) is $693,300. Home appreciation the last 10 years has been 70.5%. Home Appreciation in Floral Park (zip 11001) is up 11.6%.
Average Age of Homes
- The median age of Floral Park (zip 11001) real estate is 73 years old
The Rental Market in Floral Park (zip 11001)
- Renters make up 18.7% of the Floral Park (zip 11001) population
- 1.2% of houses and apartments in Floral Park (zip 11001), 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.