Real Estate Investing in Franklin Square, New York (11010)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11010 (Franklin Square, 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 Franklin Square, NY (11010)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11010 Franklin Square
Investors eyeing 11010 need to respect the fundamentals at play. Home values of $829K come alongside slower price movement and elevated management overhead.
Rent of $3,700/mo on a $829K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11010 sits below the stated 0.0% once reality is priced in.
In the broader NY picture, 11010 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 11010 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Franklin Square's stable or hybrid ZIPs before stepping into 11010. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Franklin Square:
Property Strategy for 11010
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $700,674 | $2,580 | 2.7% | +7.0% | $350,337 |
| 3BR | $787,053 | $3,350 | 3.1% | +6.5% | $262,351 |
| 4BR | $831,366 | $3,540 | 3.1% | +6.5% | $207,841 |
| 5BR | $958,699 | — | — | +6.7% | $191,740 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11010 Compare?
| Metric | 11010 | Franklin Square | New York |
|---|---|---|---|
| Home Value | $829,265 | $829,265 | $505,608 |
| 5-Year CAGR | 5.4% | 5.4% | 6.6% |
| Avg Rent | $3,700 | $3,700 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 11010 (Franklin Square, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11010 (Franklin Square, NY)?
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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 | $829,265 |
| Monthly Rent | $3,700 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.5%). 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 11010
Population: 25,618
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 11010
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ALDEN TERRACE SCHOOL
CLARA H CARLSON SCHOOL
COVERT AVENUE SCHOOL
DAVISON AVENUE INTERMEDIATE SCHOOL
DUTCH BROADWAY 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 719 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Franklin Square, NY?
Rent in Franklin Square, NY is around $3,700/mo. The resulting rent-to-value relationship with $829K pricing is reasonable for most investor models.
Is the tenant base reliable in Franklin Square, NY?
Franklin Square, NY draws a stable base of working renters. Demand at the $3,700/mo rent level is reasonable for standard single-family and small multi rentals.
What is the median home value in Franklin Square, NY?
The median home value in Franklin Square, NY is roughly $829K. That puts it reasonable relative to the NY statewide average.
Is Franklin Square, NY better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Franklin Square, NY. With home values at $829K and rents near $3,700/mo, other strategies can work but produce measured rather than outsized returns.
What is it like being a landlord in Franklin Square, NY?
Rental owners in Franklin Square, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 11010 now. You don’t know where it ranks.
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How 11010 ranks in New York-Newark-Jersey City, NY-NJ-PA
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