Real Estate Investing in New York, New York (11103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11103 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 16.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.3% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 28.2 — hard to cash-flow at these prices.
What’s happening in New York, NY (11103)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11103 New York
The 11103 ZIP in New York, NY is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
Rent of $3,108/mo on a $1.0M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11103 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 11103 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 11103 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 11103 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $621,685 | $3,160 | 3.7% | +3.5% | $621,685 |
| 2BR | $801,968 | $3,460 | 3.1% | +1.3% | $400,984 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11103 Compare?
| Metric | 11103 | New York | New York |
|---|---|---|---|
| Home Value | $1,049,946 | $572,493 | $505,608 |
| 5-Year CAGR | 0.3% | 1.2% | 6.6% |
| Avg Rent | $3,108 | $3,425 | - |
| Cap Rate | 2.3% | 3.2% | - |
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 11103 (New York, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11103 (New York, NY)?
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Property managers serving Queens County
Manage rentals here? List your business →Jili Property Management specializes in boutique communities and new development, managing condominiums, cooperatives, and other assets. summary from their website
Paradigm Property Management specializes in multifamily and association property management in the Greater Cincinnati/Northern Kentucky areas. summary from their website
Premier Property Management, Inc. provides residential, commercial, and storage facility property management services in SW Washington, including Clark County. 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 | $1,049,946 |
| Monthly Rent | $3,108 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 2.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +0.3% ▲ |
| 10-Year CAGR | +1.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 11103
Population: 35,357
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 11103
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DEMOCRACY PREP ENDURANCE CHARTER SCHOOL
GROWING UP GREEN CHARTER SCHOOL
HARLEM PREP CHARTER SCHOOL
HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL
ELM COMMUNITY CHARTER 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 923 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in New York, NY?
Average rent in New York, NY is approximately $3,108/mo per month. Against $1.0M home values that yields a reasonable rent-to-price ratio.
How deep is the rental pool in New York, NY?
The renter base in New York, NY is reasonable for the $3,108/mo price point. Screening well and pricing to market typically yields stable tenants.
How strong is New York, NY for real estate investors?
With a 2.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $1.0M and rents of $3,108/mo drive the underlying numbers.
Which investment style suits New York, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $1.0M homes against $3,108/mo rents - support that play.
Are homes affordable in New York, NY?
Median home price in New York, NY is near $1.0M, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 11103 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11103 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 11103 ranks in New York-Newark-Jersey City, NY-NJ-PA
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