How much is a home worth in ZIP code 11040?

The typical home in 11040 is worth $970,431, based on the Zillow Home Value Index.

Are home values rising in 11040?

Home values in 11040 are up 4.8% over the past year, and up 5.1% a year over five years.

What is the typical rent in 11040?

A typical home in 11040 rents for about $4,050 a month, a gross rental yield of 5.0%.

What is the property tax rate in 11040?

The effective property tax rate in 11040 is 1.5% — roughly $14,759 a year on a typical home.

ZIP code 11040 has a population of 41,988 and a median household income of $154,696.

HousingHandbookReference data

…

U.S. ZIP Code · NY11040

Nassau County · New York-Newark-Jersey City, NY-NJ

Typical home value

$970,431^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +5.1%
10-year / yr: +4.8%

Relative price

vs U.S.: +241.6%
vs metro: +33.0%
vs state: +204.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 11040 is worth $970,431 — 33.0% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.8%. Homes here rent for a typical $4,050 a month — a 5.0% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $4,050^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $14,759^[3]

#Climate risk

FEMA National Risk Index ratings for Nassau County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 41,988^[3]
Median household income: $154,696^[3]

#Migration

Household moves in and out of Nassau County over a year, from IRS tax-return data.

Net migration: -6,520^[5]
Moved in: 26,711
Moved out: 33,231

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 6
Middle: 0
High: 3

NEW HYDE PARK MEMORIAL HIGH SCHOOL
High · Grades 7–12 · SEWANHAKA CENTRAL HIGH SCHOOL DISTRICT
1,738 students
HERRICKS HIGH SCHOOL
High · Grades 9–12 · HERRICKS UNION FREE SCHOOL DISTRICT
1,502 students
MINEOLA HIGH SCHOOL
High · Grades 8–12 · MINEOLA UNION FREE SCHOOL DISTRICT
1,092 students
DENTON AVENUE SCHOOL
Elementary · Grades K–5 · HERRICKS UNION FREE SCHOOL DISTRICT
611 students
NEW HYDE PARK ROAD SCHOOL
Elementary · Grades PK–6 · NEW HYDE PARK-GARDEN CITY PARK UNION FREE SCHOOL DISTRICT
488 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$48,600

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,907

Loan principal$776,345

Down payment$194,086

Total interest paid$990,186

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.71

Monthly cost to own$6,945

Monthly rent$4,050

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 29th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 11040?: The typical home in 11040 is worth $970,431, based on the Zillow Home Value Index.
Are home values rising in 11040?: Home values in 11040 are up 4.8% over the past year, and up 5.1% a year over five years.
What is the typical rent in 11040?: A typical home in 11040 rents for about $4,050 a month, a gross rental yield of 5.0%.
What is the property tax rate in 11040?: The effective property tax rate in 11040 is 1.5% — roughly $14,759 a year on a typical home.
Who lives in 11040?: ZIP code 11040 has a population of 41,988 and a median household income of $154,696.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

11803 vs 11040 →
Plainview CDP, NY
Typical home
$970,734
Gross yield
—
11570 vs 11040 →
Rockville Centre, NY
Typical home
$965,206
Gross yield
4.3%
11547
Glenwood Landing CDP, NY
Typical home
$977,490
Gross yield
—
07702
Shrewsbury, NJ
Typical home
$962,789
Gross yield
—
07640
Harrington Park, NJ
Typical home
$979,300
Gross yield
—
10002
New York, NY
Typical home
$979,433
Gross yield
5.8%

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Pit ZIP 11040 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NY11040

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