Selden, New York Housing Market Prices
Selden 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 13% above the New York median$534,894
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Median rent 43% above the New York median$2,315
Housing Market Overview
| Metric | Selden | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $534,894 | $471,885 | $248,835 |
| Price Trend (Annual %) | 14.2% | 7.1% | 7.5% |
| Median Gross Rent | $2,315 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Selden is about 13% higher than in New York. Rent is about 43% 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 Selden, up about 14.2% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Selden rose about 44.9% between 2015 and 2024, from $1,597 to $2,315. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Selden.
Buying the median-priced home in Selden costs roughly 19.3 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 Selden. The price-to-rent ratio in New York is about 24.3.
| Metric | Selden | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $534,894 | $471,885 | $248,835 |
| Median Household Income | $110,316 | $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 Selden rose about 107.8%, while median household income rose about 39.0% 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 | Selden | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.2% | 48.8% | 58.5% |
| Rental Rate | 14.6% | 41.1% | 31.2% |
| Vacancy Rate | 5.2% | 10.1% | 10.2% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Selden has a homeownership rate of 80.2%, higher than the New York average of 48.8%. Its housing vacancy rate is 5.2%, compared with 10.1% in New York.
Housing Stock
| Metric | Selden | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.09 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1969 | 1960 | 1978 |
| Median Number of Rooms | 6.5 | 5.0 | 5.5 |
The typical housing unit in Selden was built around 1969. On average, 3.1 people live in a home with about 6.5 rooms, staying for about 19.0 years on average.
Selden, NY Housing Compared With Nearby Cities
How Selden, NY compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Selden, NY | 21,223 | $534,894 #2/3 | $2,315 #3/3 | 84.6% #2/3 |
| Centereach, NY | 33,381 | $625,754 | $2,337 | 87.1% |
| Coram, NY | 39,542 | $484,043 | $2,491 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Selden, New York.
What is the median home price in Selden, New York?
The median home price in Selden, New York is $534,894, higher than the New York average of $471,885.
What is the average home price in Selden, New York?
The typical home price in Selden, New York, reported as the median sale price, is $534,894. 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 Selden, New York?
The median gross rent in Selden, New York is $2,315 per month, higher than the New York average of $1,621.
What was the median gross rent in Selden in 2020?
In 2020, the median gross rent in Selden, New York was $1,839 per month.
What is the price-to-rent ratio in Selden, New York?
The price-to-rent ratio in Selden, New York is about 19.3, meaning it would take roughly 19.3 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 Selden.
Are home prices or rent rising faster in Selden, New York?
Both home prices and rent are rising in Selden, up about 14.2% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Selden, New York?
80.2% of households in Selden, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Selden, New York?
The housing vacancy rate in Selden, New York is 5.2%, lower than the New York average of 10.1%.
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