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City Report · NY

New Hyde Park

Pop. 10,220·15th most expensive in New York·One of the pricier rental markets in the US
Median rent (all units)
$4,111/mo
Year-over-Year
Stable
Month-over-Month
+2.8%
vs US Median
+$2,146
Rising (Monthly)
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Most AffordableMost Expensive
New Hyde Park · $4,111
More expensive than 98% of US cities · National median $1,965/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $4,111/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$164,000/yr
Local median income
$142,927/yr
Based on the 30%-of-income rule using New Hyde Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,150
1 BR
$2,550
2 BR
$2,930
3 BR
$3,800
4 BR+
$4,070
Research median
$2,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$49,332/yr
At $4,111/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.8% MoM), not inventory.
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Demographics

Who lives here

New Hyde Park, NY is majority owner-occupied, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population
10,220
Median income
$142,927
Median age
43.2
Renters
13.1%
Age distribution
18.7%
19.1%
27.9%
15.1%
19.2%
Under 1818.7%
18–3419.1%
35–5427.9%
55–6415.1%
65+19.2%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
50.6%
34.2%
White50.6%
Black1.9%
Hispanic9.4%
Asian34.2%
Other3.9%
Education (25+)
21.4%
22.6%
48.4%
No HS diploma7.6%
HS diploma21.4%
Some college22.6%
Bachelor's+48.4%
Housing tenure
86.9%
13.1%
Owner86.9%
Renter13.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How New Hyde Park, NY has changed in 5 years

Income
$141,056 → $142,927
up 1.3%
Population
10,262 → 10,220
down 0.4%
Renter share
18.8% → 13.1%
-5.7 pts
Bachelor's+
48.9% → 48.4%
-0.5 pts
Median age
41.2 → 43.2
+2.0 yrs

On the earnings side, the typical household in New Hyde Park, NY now reports about $142,927, up from $141,056 in 2021. About 13.1% of households rent today, against 18.8% in 2021.

Community

Discussions about New Hyde Park

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View New Hyde Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in New Hyde Park on your salary?

At $4,111/mo, how New Hyde Park rent compares to typical pay (30% rule).

By apartment size

New Hyde Park rent by bedroom count

Median rent for each apartment size in New Hyde Park. Click any size for full breakdown.

Local insights

Tips for renters in New Hyde Park

About renting in New Hyde Park, NY

Last updated: July 20, 2026

The median rent in New Hyde Park is $4,111/mo as of July 2026. A studio apartment averages $2,150/mo while a 2-bedroom runs $2,930/mo. One-bedroom apartments average $2,550/mo and 3-bedroom units go for $3,800/mo.

At 35% of local median household income ($142,927/yr), New Hyde Park ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is New Hyde Park an affordable city for renters?

New Hyde Park is considered moderate for renters. At $4,111/mo, rent takes approximately 35% of the local median household income ($142,927/yr). The standard benchmark is 30%. New Hyde Park slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in New Hyde Park?

To keep rent at or below 30% of gross income, you would need to earn at least $164,000/year (~$79/hour full-time) to afford the median rent of $4,111/mo in New Hyde Park. The local median household income is $142,927/yr, meaning the typical New Hyde Park household falls short of that threshold.

Is rent going up or down in New Hyde Park?

Rent in New Hyde Park has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does New Hyde Park rent compare to other cities in New York?

New Hyde Park is one of the pricier cities in New York for rent, ranking #15 out of 126 tracked cities at $4,111/mo.

Which nearby cities are cheaper to rent in than New Hyde Park?

Several nearby cities have lower median rents than New Hyde Park ($4,111/mo): Franklin Square ($2,850/mo), Mineola ($3,341/mo), West Hempstead ($3,821/mo).

What percentage of New Hyde Park residents rent vs. own?

According to Census data, approximately 13.1% of New Hyde Park households are renters, while 86.9% are owner-occupied. New Hyde Park leans toward homeownership, which can mean a smaller rental inventory.

How does New Hyde Park rent compare to the national average?

New Hyde Park's median rent of $4,111/mo is $2,146 (109%) above the US national median of $1,965/mo. Within New York, it ranks #15 out of 126 tracked cities.
Income Affordability
35%
MODERATE

At $4,111/mo, rent takes ~35% of New Hyde Park's median household income ($142,927/yr). The standard benchmark is 30%.

New Hyde Park 35%Benchmark 30%
State income tax4–10.9%
Run the New Hyde Park affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near New Hyde Park, NY

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