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Market Snapshot

Median listing price
$899K

The median listing price in East Meadow, NY ZIP 11554 is $899,000 as of July 2026.

Median rent
$3,200/mo

The median market rent in East Meadow, NY ZIP 11554 is $3,200/month as of July 2026.

Days on market
351 days

The median days on market in East Meadow, NY ZIP 11554 is 351 days as of July 2026. The market is currently hot.

Gross rental yield
4.27%

At a median list price of $899,000 and a median rent of $3,200/month, the gross rental yield in East Meadow, NY ZIP 11554 is 4.27% as of July 2026.

East Meadow, NY 11554 Real Estate Market Report

ZIP Code: 11554

Report Date: July 2026

Market Temperature:
HOT

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
49
Active Listings
36
Sold Properties
13

Market Metrics

Median Listing Price
$899,000
Median Sold Price
$824,000
Median Price per Sqft
$517/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$3,200

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
1.32%

Liquidity & Velocity

Median Days on Market
351
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Price YoY Trend
up
Market Temperature
hot
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in East Meadow, NY, are approximately 6.49% compared to the 5.99% average observed when typical loans in this area originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The neighborhood's primary market indicator, the median sold price of $824,000, reflects recent transaction levels and should be used as the anchor for valuation and underwriting decisions.
  2. Listing-to-sale spread shows a gap between the median listing price of $899,000 and the median sold price, which suggests pricing friction and elevated seller expectations relative to completed transactions.
  3. Market temperature is hot, and price momentum is up, which suggests continued upward pressure on values but also warrants cautious pricing to convert listings into closed sales.
  4. Interest rate pressure is elevated (current local 30-year fixed ≈ 6.49% vs prior 5.99%), which, combined with a rising rent trend and a median market rent of $3,200, indicates rent growth supporting investment demand even as financing costs remain a headwind.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

115 Rita Dr, East Meadow, NY 11554
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds2 baths2,019 sqft
$1,100,000
Jun 1, 2026
$545/sqft
294 days on market
1355 Sally Ct, East Meadow, NY 11554
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths2,079 sqft
$935,000
Apr 1, 2026
$450/sqft
209 days on market
2186 Mcclellan St, East Meadow, NY 11554
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds2 baths1,629 sqft
$895,000
Jun 1, 2026
$549/sqft
39 days on market
2114 Prospect Ave, East Meadow, NY 11554
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

5 beds3 baths2,378 sqft
$745,000
Jun 1, 2026
$313/sqft
213 days on market
1963 Central Dr N, East Meadow, NY 11554
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds2 baths1,500 sqft
$730,000
Apr 1, 2026
$487/sqft
450 days on market
2177 3rd St, East Meadow, NY 11554
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

4 beds2 baths1,332 sqft
$720,000
Jun 1, 2026
$541/sqft
408 days on market
2488 Hysler St, East Meadow, NY 11554
Market Benchmark

Sold at market average

5 beds1 baths1,163 sqft
$602,500
May 1, 2026
$518/sqft
181 days on market
1661 Prospect Ave, East Meadow, NY 11554
Value

Sold below market average

3 beds2 baths1,643 sqft
$472,812
Jul 1, 2026
$288/sqft
114 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$2,106/mo
11554 Avg Rent
11554 Cost to Own
Rent$3,200
Own$5,306

20% down, 6.49% rate, 1.3% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

11554 Avg nightly rate
11554 Avg occupancy (days/year)
Nightly rate$213/night
Occupancy203 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 7/10/2026

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