East Meadow, New York Housing Market Prices
East Meadow Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% above the New York median$639,423
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Median rent 72% above the New York median$2,780
Housing Market Overview
| Metric | East Meadow | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $639,423 | $471,885 | $248,835 |
| Price Trend (Annual %) | 35.5% | 7.1% | 7.5% |
| Median Gross Rent | $2,780 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Meadow is about 36% higher than in New York. Rent is about 72% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in East Meadow, up about 35.5% and 6.9% a year respectively. Home prices are changing faster.
Median rent in East Meadow rose about 47.1% between 2015 and 2024, from $1,890 to $2,780. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in East Meadow.
Buying the median-priced home in East Meadow costs roughly 19.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Meadow. The price-to-rent ratio in New York is about 24.3.
| Metric | East Meadow | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $639,423 | $471,885 | $248,835 |
| Median Household Income | $134,334 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.8 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Meadow rose about 82.7%, while median household income rose about 42.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Meadow | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 86.1% | 48.8% | 58.5% |
| Rental Rate | 10.6% | 41.1% | 31.2% |
| Vacancy Rate | 3.4% | 10.1% | 10.2% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
East Meadow has a homeownership rate of 86.1%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.4%, compared with 10.1% in New York.
Housing Stock
| Metric | East Meadow | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.98 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1964 | 1960 | 1978 |
| Median Number of Rooms | 6.4 | 5.0 | 5.5 |
The typical housing unit in East Meadow was built around 1964. On average, 3.0 people live in a home with about 6.4 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in East Meadow, New York.
What is the median home price in East Meadow, New York?
The median home price in East Meadow, New York is $639,423, higher than the New York average of $471,885.
What is the average home price in East Meadow, New York?
The typical home price in East Meadow, New York, reported as the median sale price, is $639,423. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in East Meadow, New York?
The median gross rent in East Meadow, New York is $2,780 per month, higher than the New York average of $1,621.
What was the median gross rent in East Meadow in 2020?
In 2020, the median gross rent in East Meadow, New York was $1,911 per month.
What is the price-to-rent ratio in East Meadow, New York?
The price-to-rent ratio in East Meadow, New York is about 19.2, meaning it would take roughly 19.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Meadow.
Are home prices or rent rising faster in East Meadow, New York?
Both home prices and rent are rising in East Meadow, up about 35.5% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Meadow, New York?
86.1% of households in East Meadow, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in East Meadow, New York?
The housing vacancy rate in East Meadow, New York is 3.4%, lower than the New York average of 10.1%.
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