Real Estate Investing in New York, New York (11221)
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Should you buy in 11221 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11221)?
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Market Analysis: 11221 New York
Investors eyeing 11221 need to respect the fundamentals at play. Home values of $1.1M come alongside slower price movement and elevated management overhead.
The 11221 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Meanwhile, 11221 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.
Employment concentration in 11221 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 11221 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11221
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $643,510 | $2,880 | 3.2% | +0.9% | $643,510 |
| 2BR | $918,924 | $3,160 | 2.5% | +0.7% | $459,462 |
| 3BR | $1,141,223 | $3,960 | 2.5% | -0.2% | $380,408 |
| 4BR | $1,390,434 | $4,300 | 2.2% | +2.1% | $347,609 |
| 5BR | $1,696,071 | — | — | +3.5% | $339,214 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11221 Compare?
| Metric | 11221 | New York | New York |
|---|---|---|---|
| Home Value | $1,098,219 | $572,493 | $505,608 |
| 5-Year CAGR | 2.3% | 1.2% | 6.6% |
| Avg Rent | $3,669 | $3,425 | - |
| Cap Rate | 2.6% | 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 11221 (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 | $1,098,219 |
| Monthly Rent | $3,669 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +7.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 11221
Population: 90,750
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 11221
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
What are rental rates like in New York, NY?
Average rent in New York, NY is approximately $3,669/mo per month. Against $1.1M home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $3,669/mo rents across most rental classes.
Does New York, NY make sense for an investment property?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $1.1M and rents of $3,669/mo drive the underlying numbers.
Are homes affordable in New York, NY?
New York, NY home values average about $1.1M. That price point suits investors targeting rentals with $3,669/mo in monthly income.
What is the typical vacancy rate in New York, NY?
Occupancy in New York, NY runs steady with elevated vacancy. Well-priced units at $3,669/mo lease on reasonable timelines.
You know 11221 now. You don’t know where it ranks.
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How 11221 ranks in New York-Newark-Jersey City, NY-NJ-PA
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