Real Estate Investing in Elmont, New York (11003)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11003 (Elmont, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Elmont, NY (11003)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11003 Elmont
The 11003 ZIP covers a section of Elmont that demands careful diligence. Prices near $743K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 11003 can be a worth a close look for hunting ground — but the discount at $743K reflects genuine risk that outside investors often underestimate.
Put differently, 11003 offers a low basis, the region around Elmont has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 11003 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 11003, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Elmont:
Property Strategy for 11003
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $616,001 | $2,890 | 3.4% | +7.2% | $308,001 |
| 3BR | $702,842 | $3,750 | 3.8% | +7.2% | $234,281 |
| 4BR | $741,992 | $3,960 | 3.8% | +7.1% | $185,498 |
| 5BR | $836,141 | — | — | +7.2% | $167,228 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11003 Compare?
| Metric | 11003 | Elmont | New York |
|---|---|---|---|
| Home Value | $743,134 | $743,134 | $505,608 |
| 5-Year CAGR | 5.6% | 5.6% | 6.6% |
| Avg Rent | $2,862 | $2,862 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11003 (Elmont, NY). Anonymous, moderated, never written by AI.
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Property managers serving Nassau County
Manage rentals here? List your business →Bell Realty Management, Inc. is a premier management company for apartment houses, retail, office, mixed-use, and various commercial properties in NYC and Long Island. summary from their website
Cain Realty Management Corp. is a family-owned and operated industrial and commercial property management company in Plainview, NY. summary from their website
Boraie Development creates and manages visionary communities in New Jersey's urban centers, focusing on transformative projects. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $743,134 |
| Monthly Rent | $2,862 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11003
Population: 44,716
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11003
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ALDEN TERRACE SCHOOL
HOWARD T HERBER MIDDLE SCHOOL
JAMES A DEVER SCHOOL
MALVERNE SENIOR HIGH SCHOOL
MAURICE W DOWNING PRIMARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 580 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Elmont, NY?
Median home price in Elmont, NY is near $743K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How qualified is the tenant pool in Elmont, NY?
Expect a solid tenant pool in Elmont, NY. The rental market absorbs $2,862/mo rents without meaningful friction.
Does a duplex house hack pencil in Elmont, NY?
The a challenging house-hack environment in Elmont, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of market is Elmont, NY for investors?
Investors tracking Elmont, NY will find a 3.0/5 rating supported by $743K median home values and $2,862/mo rents. That profile suits long-term holders targeting steady returns.
Is NY a landlord-friendly state?
The landlord environment in Elmont, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 11003 now. You don’t know where it ranks.
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How 11003 ranks in New York-Newark-Jersey City, NY-NJ-PA
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