Farmingdale, New York is a bustling suburban town located in Nassau County on Long Island. It has a population of around 9,000 residents and is known for its historic downtown area, top-rated schools, and easy access to major highways and public transportation. The real estate market in Farmingdale has seen significant growth in recent years, with a strong demand for both residential and commercial properties.
Residential Real Estate Market
The residential real estate market in Farmingdale is booming, with home prices steadily increasing over the past few years. The median home value in Farmingdale is currently around $495,000, which is a 7.6% increase from last year. Home prices in Farmingdale are expected to continue to rise, making it an ideal time for sellers to put their homes on the market.
One of the reasons why Farmingdale is such a desirable location for homebuyers is its convenient location. The town is situated near major highways like the Long Island Expressway, Northern State Parkway, and Southern State Parkway, making it easy for residents to commute to work in other parts of Long Island or New York City. Additionally, Farmingdale is home to a Long Island Rail Road station, which provides easy access to New York City and other parts of Long Island.
Another factor driving the demand for homes in Farmingdale is the quality of the schools. The Farmingdale Union Free School District is highly rated, with several schools earning a rating of 8 or higher on GreatSchools.org. The district has also been recognized as one of the top 100 school districts in New York State by Niche.com.
Commercial Real Estate Market
The commercial real estate market in Farmingdale is also seeing strong growth. The town is home to a variety of businesses, ranging from small mom-and-pop shops to large corporations. One of the most notable developments in recent years has been the revitalization of the downtown area, which has attracted new businesses and restaurants.
One of the most significant commercial developments is the arrival of the Nassau Hub in Uniondale just a few minutes away from Farmingdale. This $1.5 billion project is being developed on the site of the former Nassau Coliseum and will include a mix of residential, commercial, and retail space. The Nassau Hub is expected to generate thousands of jobs and attract new businesses to the area.
Another factor driving the growth of the commercial real estate market in Farmingdale is its proximity to major airports like JFK and LaGuardia. This makes it an ideal location for businesses that require air transportation, such as logistics and distribution companies.
The real estate market in Farmingdale, New York is thriving, with both the residential and commercial sectors seeing strong growth. The town’s convenient location, top-rated schools, and proximity to major highways and airports make it an attractive location for homebuyers and businesses alike. As the town continues to develop, it is likely that the real estate market in Farmingdale will remain strong for years to come.