Glen Cove, New York Housing Market Prices
Glen Cove 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 61% below the New York median$185,833
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Median rent 48% above the New York median$2,398
Housing Market Overview
| Metric | Glen Cove | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,833 | $471,885 | $248,835 |
| Price Trend (Annual %) | 7.0% | 7.1% | 7.5% |
| Median Gross Rent | $2,398 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Glen Cove is about 61% lower than in New York. Rent is about 48% 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 Glen Cove, up about 7.0% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Glen Cove rose about 42.5% between 2015 and 2024, from $1,683 to $2,398. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Glen Cove.
Buying the median-priced home in Glen Cove costs roughly 6.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Glen Cove. The price-to-rent ratio in New York is about 24.3.
| Metric | Glen Cove | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,833 | $471,885 | $248,835 |
| Median Household Income | $92,082 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Glen Cove fell about 30.9%, while median household income rose about 20.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Glen Cove | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.3% | 48.8% | 58.5% |
| Rental Rate | 47.5% | 41.1% | 31.2% |
| Vacancy Rate | 3.2% | 10.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Glen Cove has a homeownership rate of 49.3%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.2%, compared with 10.1% in New York.
Housing Stock
| Metric | Glen Cove | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1968 | 1960 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Glen Cove was built around 1968. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Glen Cove, New York.
What is the median home price in Glen Cove, New York?
The median home price in Glen Cove, New York is $185,833, lower than the New York average of $471,885.
What is the average home price in Glen Cove, New York?
The typical home price in Glen Cove, New York, reported as the median sale price, is $185,833. 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 Glen Cove, New York?
The median gross rent in Glen Cove, New York is $2,398 per month, higher than the New York average of $1,621.
What was the median gross rent in Glen Cove in 2020?
In 2020, the median gross rent in Glen Cove, New York was $1,827 per month.
What is the price-to-rent ratio in Glen Cove, New York?
The price-to-rent ratio in Glen Cove, New York is about 6.5, meaning it would take roughly 6.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Glen Cove.
Are home prices or rent rising faster in Glen Cove, New York?
Both home prices and rent are rising in Glen Cove, up about 7.0% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Glen Cove, New York?
49.3% of households in Glen Cove, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Glen Cove, New York?
The housing vacancy rate in Glen Cove, New York is 3.2%, lower than the New York average of 10.1%.
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