Real Estate Investing in Great Neck, New York (11020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11020 (Great Neck, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 45.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Great Neck, NY (11020)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11020 Great Neck
The 11020 ZIP in Great Neck, NY is a local-operator market. Outside capital chasing a $1.6M entry has to pair deep knowledge with the discount.
The 11020 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Great Neck have seen price recovery that 11020 has not matched. Nassau County data supports the view that the spread is structural rather than temporary.
The demographic picture in 11020 includes headwinds that any investor should price in. Income distribution skews lower than Great Neck averages, and tenant stability requires active management.
Strategy in 11020 is an operator game, not a passive one. Meanwhile, entry prices of $1.6M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Great Neck:
Property Strategy for 11020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,251,407 | $4,290 | 2.5% | +5.5% | $417,136 |
| 4BR | $1,669,528 | $4,540 | 2.0% | +6.6% | $417,382 |
| 5BR | $2,112,624 | — | — | +6.7% | $422,525 |
Market Trends
Home Value History (with trend line)
📊 How Does 11020 Compare?
| Metric | 11020 | Great Neck | New York |
|---|---|---|---|
| Home Value | $1,636,312 | $1,680,138 | $505,608 |
| 5-Year CAGR | 6.1% | 8.0% | 6.6% |
| Avg Rent | $2,979 | $4,976 | - |
| Cap Rate | 1.4% | 2.5% | - |
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 11020 (Great Neck, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11020 (Great Neck, NY)?
~25 seconds · no account needed · your report is anonymous
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 | $1,636,312 |
| Monthly Rent | $2,979 |
| Price-to-Rent | 45.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 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 (1.4%). 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 11020
Population: 5,986
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 11020
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GREAT NECK NORTH MIDDLE SCHOOL
MANHASSET MIDDLE SCHOOL
SADDLE ROCK SCHOOL
GARDEN CITY PARK SCHOOL
DENTON AVENUE 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
Frequently Asked Questions
Is NY a landlord-friendly state?
The landlord environment in Great Neck, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the investability score for Great Neck, NY?
Yes - Great Neck, NY a 3.0/5 investability score. With $1.6M home prices against $2,979/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are tenants stable in Great Neck, NY?
Working renters make up the core of the Great Neck, NY tenant base. The pool is reasonable for investors targeting long-term holds.
Can I house hack in Great Neck, NY?
Great Neck, NY offers a tougher house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,979/mo rent level.
What price range are homes in Great Neck, NY?
The median home value in Great Neck, NY is roughly $1.6M. That puts it reasonable relative to the NY statewide average.
You know 11020 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11020 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 11020 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 11020 (Great Neck)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 11020 (Great Neck, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.