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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hyde Park, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hyde Park, NY Housing Market Trends

With a population of 1,925, 914 total housing units (homes and apartments), and a median house value of $396,508, Hyde Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hyde Park, accounting for 82.09% of the town's housing units. Other types of housing that are prevalent in Hyde Park include duplexes, homes converted to apartments or other small apartment buildings ( 10.90%), large apartment complexes or high rise apartments ( 5.61%), and a few row houses and other attached homes ( 1.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hyde Park. Owner-occupied housing accounts for 71.31% of Hyde Park's homes, and 64.83% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hyde Park's housing was primarily built during this period, from the '40s through the '60s. A full 78.32% of the town's housing hails from this era. Other housing ages represented in Hyde Park include homes built before 1939 ( 14.24%) and housing constructed between 1970-1999 ( 5.50%). There's also some housing in Hyde Park built between 2000 and later ( 1.94%).

Hyde Park Home Appreciation Rates

Real estate appreciation rates in Hyde Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.

Appreciation rates are so strong in Hyde Park that despite a nationwide downturn in the housing market, Hyde Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hyde Park appreciation rates continue to be some of the highest in America, at 11.05%, which is higher than appreciation rates in 91.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hyde Park. Hyde Park appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.

Notably, Hyde Park's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Hyde Park's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$396,508

Hyde Park, NY Home Prices
> $1,464,000
$1,098,001 - $1,464,000
$732,001 - $1,098,000
$586,001 - $732,000
$439,001 - $586,000
$293,001 - $439,000
$146,001 - $293,000
$73,001 - $146,000
$0 - $73,000
0.0%
0.0%
1.6%
1.6%
2.4%
2.4%
5.9%
5.9%
18.5%
18.5%
65.6%
65.6%
4.0%
4.0%
0.9%
0.9%
1.2%
1.2%
0% 100.0%
% of Homes
High

for New york

High

for nation

Number of Homes And Apartments:

914

Hyde Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,722 / per month

Homeownership Rate

Owners
Renters
71.3%
71.3%
28.7%
28.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.4%
1.4%
98.6%
98.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.9%
1.9%
5.5%
5.5%
78.3%
78.3%
14.2%
14.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.1%
82.1%
1.4%
1.4%
10.9%
10.9%
5.6%
5.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
13.8%
13.8%
18.8%
18.8%
26.3%
26.3%
38.5%
38.5%
2.6%
2.6%
0% 100.0%
% of Homes