Lynbrook, New York Housing Market Prices
Lynbrook 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 28% above the New York median$601,841
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Median rent 38% above the New York median$2,233
Housing Market Overview
| Metric | Lynbrook | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $601,841 | $471,885 | $248,835 |
| Price Trend (Annual %) | 11.5% | 7.1% | 7.5% |
| Median Gross Rent | $2,233 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lynbrook is about 28% higher than in New York. Rent is about 38% 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 Lynbrook, up about 11.5% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Lynbrook rose about 35.5% between 2015 and 2024, from $1,648 to $2,233. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Lynbrook.
Buying the median-priced home in Lynbrook costs roughly 22.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lynbrook. The price-to-rent ratio in New York is about 24.3.
| Metric | Lynbrook | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $601,841 | $471,885 | $248,835 |
| Median Household Income | $134,131 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lynbrook rose about 116.1%, while median household income rose about 58.3% 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 | Lynbrook | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.5% | 48.8% | 58.5% |
| Rental Rate | 22.8% | 41.1% | 31.2% |
| Vacancy Rate | 6.6% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Lynbrook has a homeownership rate of 70.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 6.6%, compared with 10.1% in New York.
Housing Stock
| Metric | Lynbrook | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.87 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1948 | 1960 | 1978 |
| Median Number of Rooms | 5.9 | 5.0 | 5.5 |
The typical housing unit in Lynbrook was built around 1948. On average, 2.9 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lynbrook, New York.
What is the median home price in Lynbrook, New York?
The median home price in Lynbrook, New York is $601,841, higher than the New York average of $471,885.
What is the average home price in Lynbrook, New York?
The typical home price in Lynbrook, New York, reported as the median sale price, is $601,841. 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 Lynbrook, New York?
The median gross rent in Lynbrook, New York is $2,233 per month, higher than the New York average of $1,621.
What was the median gross rent in Lynbrook in 2020?
In 2020, the median gross rent in Lynbrook, New York was $1,834 per month.
What is the price-to-rent ratio in Lynbrook, New York?
The price-to-rent ratio in Lynbrook, New York is about 22.5, meaning it would take roughly 22.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lynbrook.
Are home prices or rent rising faster in Lynbrook, New York?
Both home prices and rent are rising in Lynbrook, up about 11.5% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lynbrook, New York?
70.5% of households in Lynbrook, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Lynbrook, New York?
The housing vacancy rate in Lynbrook, New York is 6.6%, lower than the New York average of 10.1%.
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