Real Estate Investing in New York, New York (11224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11224 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -2.4% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
What’s happening in New York, NY (11224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11224 New York
This part of Kings County is not an easy win. The 11224 ZIP registers 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 11224 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 11224 and stronger New York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 11224 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 11224. 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 11224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $355,682 | $2,260 | 4.6% | +1.3% | $355,682 |
| 2BR | $492,070 | $2,510 | 3.7% | +1.6% | $246,035 |
| 3BR | $697,166 | $3,120 | 3.2% | +3.9% | $232,389 |
| 4BR | $760,637 | $3,370 | 3.2% | +2.8% | $190,159 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11224 Compare?
| Metric | 11224 | New York | New York |
|---|---|---|---|
| Home Value | $563,168 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,355 | $3,425 | - |
| Cap Rate | 4.7% | 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 11224 (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 | $563,168 |
| Monthly Rent | $3,355 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 2.3% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | -2.4% ▼ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 11224
Population: 48,469
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 11224
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 home prices like in New York, NY?
Median home price in New York, NY is near $563K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What approach is best for New York, NY real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $563K homes against $3,355/mo rents - support that play.
How qualified is the tenant pool in New York, NY?
Expect a solid tenant pool in New York, NY. The rental market absorbs $3,355/mo rents without meaningful friction.
Is New York, NY good for house hacking?
House hacking in New York, NY is a challenging. With home values around $563K and rents at $3,355/mo, owner-occupants can offset a meaningful share of PITI.
Are landlord laws favorable in New York, NY?
New York, NY operates under NY law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 11224 now. You don’t know where it ranks.
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How 11224 ranks in New York-Newark-Jersey City, NY-NJ-PA
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