Mineola, New York Housing Market Prices
Mineola 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 71% below the New York median$137,500
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Median rent 49% above the New York median$2,413
Housing Market Overview
| Metric | Mineola | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $471,885 | $248,835 |
| Price Trend (Annual %) | -8.6% | 7.1% | 7.5% |
| Median Gross Rent | $2,413 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mineola is about 71% lower than in New York. Rent is about 49% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Mineola: home prices fell about 8.6% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
Median rent in Mineola rose about 58.3% between 2015 and 2024, from $1,524 to $2,413. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Mineola.
Buying the median-priced home in Mineola costs roughly 4.7 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 Mineola. The price-to-rent ratio in New York is about 24.3.
| Metric | Mineola | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $471,885 | $248,835 |
| Median Household Income | $136,937 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mineola fell about 60.7%, while median household income rose about 65.9% 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 | Mineola | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 48.8% | 58.5% |
| Rental Rate | 30.2% | 41.1% | 31.2% |
| Vacancy Rate | 5.6% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Mineola has a homeownership rate of 64.2%, higher than the New York average of 48.8%. Its housing vacancy rate is 5.6%, compared with 10.1% in New York.
Housing Stock
| Metric | Mineola | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1959 | 1960 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Mineola was built around 1959. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Mineola, NY Housing Compared With Nearby Cities
How Mineola, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mineola, NY | 21,174 | $137,500 #2/2 | $2,413 #2/2 | 68.0% #2/2 |
| Garden City, NY | 23,057 | $566,404 | $3,256 | 93.5% |
Frequently Asked Questions
Common questions about the housing market in Mineola, New York.
What is the median home price in Mineola, New York?
The median home price in Mineola, New York is $137,500, lower than the New York average of $471,885.
What is the average home price in Mineola, New York?
The typical home price in Mineola, New York, reported as the median sale price, is $137,500. 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 Mineola, New York?
The median gross rent in Mineola, New York is $2,413 per month, higher than the New York average of $1,621.
What was the median gross rent in Mineola in 2020?
In 2020, the median gross rent in Mineola, New York was $1,797 per month.
What is the price-to-rent ratio in Mineola, New York?
The price-to-rent ratio in Mineola, New York is about 4.7, meaning it would take roughly 4.7 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 Mineola.
Are home prices or rent rising faster in Mineola, New York?
Home prices and rent are moving in opposite directions in Mineola: home prices fell about 8.6% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Mineola, New York?
64.2% of households in Mineola, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Mineola, New York?
The housing vacancy rate in Mineola, New York is 5.6%, lower than the New York average of 10.1%.
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