Real Estate Investing in New York, New York (11204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11204 (New York, 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: 8.4% 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 42.3 — hard to cash-flow at these prices.
What’s happening in New York, NY (11204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11204 New York
This part of Kings County is not an easy win. The 11204 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11204 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From a cash-flow lens, 11204 offers a low basis, the region around New York has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 11204 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 11204. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $489,520 | $2,550 | 3.8% | +4.6% | $489,520 |
| 2BR | $693,780 | $2,800 | 2.9% | +2.8% | $346,890 |
| 3BR | $1,076,053 | $3,510 | 2.3% | +4.0% | $358,684 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11204 Compare?
| Metric | 11204 | New York | New York |
|---|---|---|---|
| Home Value | $1,272,714 | $572,493 | $505,608 |
| 5-Year CAGR | 5.3% | 1.2% | 6.6% |
| Avg Rent | $2,506 | $3,425 | - |
| Cap Rate | 1.5% | 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 11204 (New York, NY). Anonymous, moderated, never written by AI.
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Property managers serving Kings County
Manage rentals here? List your business →CASE provides debt restructuring advisory and investment services. summary from their website
Good Peoples Property Management provides property management services. summary from their website
Leiter Management offers comprehensive property management solutions. 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 | $1,272,714 |
| Monthly Rent | $2,506 |
| Price-to-Rent | 42.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.5% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.5%). 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 11204
Population: 81,368
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 11204
Schools in This ZIP Code
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
How do home values compare in New York, NY?
In New York, NY the median home value sits at $1.3M. Against the broader NY market, that reads as reasonable for most investors.
What is the investability score for New York, NY?
Yes - New York, NY a 3.0/5 investability score. With $1.3M home prices against $2,506/mo monthly rent, the market delivers a reasonable entry point for new investors.
What kind of tenants rent in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report consistent occupancy at market rents of $2,506/mo.
Is house hacking profitable in New York, NY?
House hacking in New York, NY is reasonable to execute. Prices around $1.3M and rents of $2,506/mo solid owner-occupant economics.
Is NY a landlord-friendly state?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 11204 now. You don’t know where it ranks.
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How 11204 ranks in New York-Newark-Jersey City, NY-NJ-PA
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