New Square, NY housing market
Home prices around New Square have risen about 70% over the past 5 years. No new homes were permitted in 2025.
Home values, sales, trends and how New Square compares with the towns next door — updated as new data is published.
Home prices up 70% in 5 years
The federal house price index for the ZIP code around New Square rose 70% over the past 5 years, faster than across New York (52%). Last year prices rose 1%. Carrying the Census median home value forward with that index puts the typical New Square home at roughly $1,179,000 today.
Show as a table
| Year | Change that year | Since 2000 | New York since 2000 |
|---|---|---|---|
| 2025 | +1% | +267% | +189% |
| 2024 | +9.6% | +263% | +173% |
| 2023 | +16% | +231% | +154% |
| 2022 | +19% | +185% | +135% |
| 2021 | +10% | +138% | +108% |
| 2020 | +0.8% | +116% | +90% |
| 2019 | +4.1% | +115% | +84% |
| 2018 | +4.8% | +106% | +78% |
| 2017 | +5.3% | +97% | +68% |
| 2016 | +9.7% | +87% | +61% |
| 2015 | +7.4% | +70% | +56% |
| 2014 | +5% | +59% | +52% |
| 2013 | +1.1% | +51% | +48% |
| 2012 | −0.7% | +50% | +47% |
| 2011 | −4% | +51% | +51% |
| 2010 | −6.3% | +57% | +54% |
| 2009 | −11% | +67% | +59% |
| 2008 | −3.9% | +87% | +69% |
| 2007 | −1.1% | +95% | +73% |
| 2006 | +5.6% | +97% | +73% |
| 2005 | +17% | +87% | +62% |
| 2004 | +17% | +60% | +43% |
| 2003 | +9.6% | +37% | +28% |
| 2002 | +11% | +25% | +18% |
| 2001 | +12% | +12% | +8.3% |
| 2000 | — | — | — |
How New Square ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 10977, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2025
No permits for new homes were issued in New Square in 2025. The last year with any was 2024 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Square gained 2,735 residents while 373 new homes were permitted: about 7.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across New York: 2.2 new residents per new home.
How New Square ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $180,000 |
| 2023 | 1 | 1 | 0 | $180,000 |
| 2022 | 13 | 1 | 12 | $2.6 million |
| 2021 | 18 | 3 | 15 | $3.5 million |
| 2020 | 2 | 2 | 0 | $360,000 |
| 2019 | 52 | 2 | 50 | $10 million |
| 2018 | 38 | 1 | 37 | $7.8 million |
| 2017 | 50 | 6 | 44 | $9.3 million |
| 2016 | 21 | 1 | 20 | $3.6 million |
| 2015 | 56 | 4 | 52 | $7.6 million |
| 2014 | 64 | 1 | 63 | $10.9 million |
| 2013 | 21 | 0 | 21 | $3.3 million |
| 2012 | 23 | 20 | 3 | $4.1 million |
| 2011 | 38 | 29 | 9 | $5.9 million |
| 2010 | 10 | 1 | 9 | $1.9 million |
| 2009 | 19 | 19 | 0 | $5.7 million |
| 2008 | 11 | 0 | 11 | $2.1 million |
| 2007 | 34 | 5 | 29 | $3.8 million |
| 2006 | 56 | 3 | 53 | $3.1 million |
| 2005 | 77 | 0 | 77 | $3.5 million |
| 2004 | 83 | 0 | 83 | $3.8 million |
| 2003 | 75 | 0 | 75 | $3.4 million |
| 2002 | 65 | 0 | 65 | $3 million |
| 2001 | 58 | 0 | 58 | $2.7 million |
| 2000 | 49 | 0 | 49 | $2.3 million |
New Square's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How New Square ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Square and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| New Square | +1%† | $2,540 | 0 | $31,443 |
| Hillcrest | +1%† | $2,540 | — | $141,743 |
| New Hempstead | +1.1%† | $2,550 | 7 | $126,165 |
† FHFA price index change, where Zillow has no home value for the town.
21.1 years of income
The typical New Square home costs about 21.1 years of the town's median household income, more than across New York (6.1 years).
How New Square ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,540
HUD's Fair Market Rent for a two-bedroom in New Square is $2,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Square pay a median of $1,799, so moving in tends to cost more than staying put. A two-bedroom takes about 97% of the town's median household income, above the 30% guideline for affordable housing.
Studio $2,210 · 4 bedrooms $3,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (10977; New York, NY HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.