North Bellmore, New York Housing Market Prices
North Bellmore 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 5% below the New York median$450,000
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Median rent 58% above the New York median$2,554
Housing Market Overview
| Metric | North Bellmore | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $471,885 | $248,835 |
| Price Trend (Annual %) | 35.8% | 7.1% | 7.5% |
| Median Gross Rent | $2,554 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Bellmore is about 5% lower than in New York. Rent is about 58% 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 North Bellmore, up about 35.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in North Bellmore rose about 51.0% between 2015 and 2024, from $1,691 to $2,554. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in North Bellmore.
Buying the median-priced home in North Bellmore costs roughly 14.7 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 North Bellmore. The price-to-rent ratio in New York is about 24.3.
| Metric | North Bellmore | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $471,885 | $248,835 |
| Median Household Income | $177,982 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Bellmore rose about 161.2%, while median household income rose about 67.0% 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 | North Bellmore | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 87.6% | 48.8% | 58.5% |
| Rental Rate | 9.4% | 41.1% | 31.2% |
| Vacancy Rate | 3.0% | 10.1% | 10.2% |
| Median Tenure (years) | 22.0 | 17.0 | 15.0 |
| Median Year Moved In | 2004 | 2009 | 2011 |
North Bellmore has a homeownership rate of 87.6%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.0%, compared with 10.1% in New York.
Housing Stock
| Metric | North Bellmore | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.15 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1959 | 1960 | 1978 |
| Median Number of Rooms | 7.1 | 5.0 | 5.5 |
The typical housing unit in North Bellmore was built around 1959. On average, 3.2 people live in a home with about 7.1 rooms, staying for about 22.0 years on average.
North Bellmore, NY Housing Compared With Nearby Cities
How North Bellmore, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| North Bellmore, NY | 20,689 | $450,000 #2/2 | $2,554 #2/2 | 90.3% #1/2 |
| East Meadow, NY | 39,652 | $639,423 | $2,780 | 89.1% |
Frequently Asked Questions
Common questions about the housing market in North Bellmore, New York.
What is the median home price in North Bellmore, New York?
The median home price in North Bellmore, New York is $450,000, lower than the New York average of $471,885.
What is the average home price in North Bellmore, New York?
The typical home price in North Bellmore, New York, reported as the median sale price, is $450,000. 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 North Bellmore, New York?
The median gross rent in North Bellmore, New York is $2,554 per month, higher than the New York average of $1,621.
What was the median gross rent in North Bellmore in 2020?
In 2020, the median gross rent in North Bellmore, New York was $2,002 per month.
What is the price-to-rent ratio in North Bellmore, New York?
The price-to-rent ratio in North Bellmore, New York is about 14.7, meaning it would take roughly 14.7 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 North Bellmore.
Are home prices or rent rising faster in North Bellmore, New York?
Both home prices and rent are rising in North Bellmore, up about 35.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Bellmore, New York?
87.6% of households in North Bellmore, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in North Bellmore, New York?
The housing vacancy rate in North Bellmore, New York is 3.0%, lower than the New York average of 10.1%.
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