Real Estate Investing in New York, New York (11368)
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Should you buy in 11368 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -1.4% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11368)?
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Market Analysis: 11368 New York
ZIP 11368 in New York, NY carries a significant set of headwinds. Home values near $554K and rents of $2,369/mo sit inside a market where underwriting has to be tight.
The 11368 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 11368's metrics run below Queens County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 11368 ZIP's population of 107,060 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategically, 11368 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11368
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $318,646 | $2,830 | 6.4% | +1.1% | $318,646 |
| 2BR | $456,427 | $3,100 | 4.9% | +3.0% | $228,214 |
| 3BR | $775,821 | $3,880 | 3.6% | +2.3% | $258,607 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11368 Compare?
| Metric | 11368 | New York | New York |
|---|---|---|---|
| Home Value | $554,370 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,369 | $3,425 | - |
| Cap Rate | 3.3% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11368 (New York, NY). Anonymous, moderated, never written by AI.
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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 | $554,370 |
| Monthly Rent | $2,369 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | -1.4% ▼ |
| 10-Year CAGR | +1.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 11368
Population: 107,060
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 11368
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
Is real estate in New York, NY a good investment right now?
New York, NY rates 2.0/5 for investability. With median values at $554K and rents near $2,369/mo, the market offers reasonable fundamentals for rental investors.
What is the renter demographic in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report steady occupancy at market rents of $2,369/mo.
Are rents high in New York, NY?
New York, NY rentals go for roughly $2,369/mo a month. That puts gross yield in solid territory relative to $554K acquisition costs.
Which real estate strategy fits New York, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $554K homes against $2,369/mo rents - support that play.
Is New York, NY good for house hacking?
House hacking in New York, NY is a challenging. With home values around $554K and rents at $2,369/mo, owner-occupants can offset a meaningful share of PITI.
You know 11368 now. You don’t know where it ranks.
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How 11368 ranks in New York-Newark-Jersey City, NY-NJ-PA
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