Malverne Park Oaks, NY
Population 517 · New York
About Malverne Park Oaks, NY
Malverne Park Oaks is a small community located in New York with a population of 517 residents according to the latest US Census Bureau American Community Survey data. The median household income is $141,629 per year, which is 88% above the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Malverne Park Oaks features a median home value of $477,200, which is 95% above the national median of $244,900. This places Malverne Park Oaks in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 261 total housing units, 100% are owner-occupied (241 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Malverne Park Oaks shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Malverne Park Oaks have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
64.7% of Malverne Park Oaks residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 28.4% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 4.8% of the population being foreign-born.
Cost of Living in Malverne Park Oaks, NY
Compared to national averages, Malverne Park Oaks has a median household income of $141,629 (88% above the national median of $75,149). Home values average $477,200, which is 95% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Malverne Park Oaks's income is 46% above the state average of $96,987, and home values are 23% above the state median of $387,181.
Why Live in Malverne Park Oaks, NY?
Malverne Park Oaks offers a strong local economy with a median household income of $141,629, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 64.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include a competitive housing market where the typical home costs $477,200. However, Malverne Park Oaks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Malverne Park Oaks has a population of 517 with a median age of 40.5 years. Compare Malverne Park Oaks with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Malverne Park Oaks
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cassadaga | 515 | $70,357 | $113,100 | Compare |
| South Dayton | 519 | $51,250 | $68,800 | Compare |
| Wurtsboro Hills | 519 | $0 | $116,800 | Compare |
| Harbor Hills | 520 | $144,519 | $1,637,800 | Compare |
| Cayuga | 513 | $95,089 | $142,000 | Compare |
| Coopers Plains | 522 | $95,694 | $220,500 | Compare |
| DeKalb Junction | 512 | $0 | $74,200 | Compare |
| Lakeville | 511 | $90,716 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Malverne Park Oaks
What is the population of Malverne Park Oaks, NY?
The population of Malverne Park Oaks, NY is 517 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Malverne Park Oaks?
The median household income in Malverne Park Oaks, NY is $141,629 per year, which is 88% above the national median of $75,149.
What is the median home value in Malverne Park Oaks?
The median home value in Malverne Park Oaks, NY is $477,200, which is 95% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Malverne Park Oaks?
The median monthly rent in Malverne Park Oaks, NY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Malverne Park Oaks?
The unemployment rate in Malverne Park Oaks, NY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Malverne Park Oaks, NY a good place to live?
Malverne Park Oaks offers above-average incomes, a competitive housing market, and a strong job market. With a population of 517 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Malverne Park Oaks, NY?
64.7% of residents in Malverne Park Oaks aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Malverne Park Oaks?
Key cost-of-living indicators for Malverne Park Oaks, NY: median home value is $477,200 (95% above national), median rent is $0/month, and median household income is $141,629. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Malverne Park Oaks?
The poverty rate in Malverne Park Oaks, NY is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Malverne Park Oaks, NY?
Malverne Park Oaks's population is 0.0% White, 28.4% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 0.0% two or more races. 4.8% of residents are foreign-born.