ZIP Code 11040 — New Hyde Park, New York

The median home in 11040 is valued at $795,300 against a median household income of $153,511, a price-to-income ratio of 5.2. That is far above the 2.9 median across the 1,572 New York ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, though it is among the more attainable ratios in the state. Within Nassau County, 11040 ranks 40 of 67 ZIPs on affordability (1 = lowest ratio); the county median ratio is 4.9. Renting takes 18.7% of median household income (median rent $2,388 a month), under the 30% cost-burden threshold.

11040 ranks 122 of 1,572 statewide on median household income and 152 of 1,572 on median home value; its income is in line with the $149,250 Nassau County median. 89% of households own their home, above the 80% statewide ZIP median, making this a majority-owner ZIP. 56% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 3.5%, far below the 9.9% statewide ZIP median and among the lowest in the state. Unemployment stands at 4.9%.

With 8,822 residents per square mile across 4.8 square miles of land, 11040 is far denser than the statewide ZIP median of 197 (rank 197 of 1,572). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.