Real Estate Investing in Great Neck, New York (11021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11021 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Great Neck, NY (11021)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11021 Great Neck
Investors eyeing 11021 need to respect the fundamentals at play. Home values of $1.1M come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $1.1M purchase price, 0.0% nominal cap — the work to hit that pro forma in 11021 is substantial and deserves full respect.
Regionally, 11021 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 11021 includes headwinds that any investor should price in. Income distribution skews lower than Great Neck averages, and tenant stability requires active management.
The 11021 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Great Neck:
Property Strategy for 11021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $601,365 | $2,680 | 3.2% | +5.9% | $300,683 |
| 3BR | $1,204,607 | $3,480 | 2.1% | +6.4% | $401,536 |
| 4BR | $1,701,633 | $3,680 | 1.6% | +6.6% | $425,408 |
| 5BR | $2,220,278 | — | — | +7.0% | $444,056 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11021 Compare?
| Metric | 11021 | Great Neck | New York |
|---|---|---|---|
| Home Value | $1,122,444 | $1,680,138 | $505,608 |
| 5-Year CAGR | 5.3% | 8.0% | 6.6% |
| Avg Rent | $4,250 | $4,976 | - |
| Cap Rate | 3.0% | 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 11021 (Great Neck, 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 | $1,122,444 |
| Monthly Rent | $4,250 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | -13.6% ▼ |
| 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 11021
Population: 19,474
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 11021
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GREAT NECK NORTH MIDDLE SCHOOL
JOHN F KENNEDY SCHOOL
MANHASSET MIDDLE SCHOOL
SADDLE ROCK SCHOOL
GREAT NECK SOUTH MIDDLE 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
What is the average monthly rent in Great Neck, NY?
Average rent in Great Neck, NY is approximately $4,250/mo per month. Against $1.1M home values that yields a reasonable rent-to-price ratio.
How do landlord-tenant laws work in Great Neck, NY?
Rental owners in Great Neck, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How expensive is real estate in Great Neck, NY?
Expect median prices around $1.1M in Great Neck, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Does house hacking work in Great Neck, NY?
The house hack math a tougher in Great Neck, NY. Owner-occupant buyers benefit from the $4,250/mo rents and $1.1M home values.
How qualified is the tenant pool in Great Neck, NY?
Great Neck, NY offers a consistent renter base at the $4,250/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 11021 now. You don’t know where it ranks.
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How 11021 ranks in New York-Newark-Jersey City, NY-NJ-PA
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