Real Estate Investing in New York, New York (11378)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11378 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% 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 27.0 — hard to cash-flow at these prices.
What’s happening in New York, NY (11378)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11378 New York
Investors eyeing 11378 need to respect the fundamentals at play. Home values of $878K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11378 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 11378 and stronger New York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 11378 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 11378 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11378
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $743,848 | $3,090 | 3.0% | +1.9% | $371,924 |
| 3BR | $885,034 | $3,870 | 3.1% | +2.6% | $295,011 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11378 Compare?
| Metric | 11378 | New York | New York |
|---|---|---|---|
| Home Value | $877,805 | $572,493 | $505,608 |
| 5-Year CAGR | 3.1% | 1.2% | 6.6% |
| Avg Rent | $2,706 | $3,425 | - |
| Cap Rate | 2.4% | 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 11378 (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 | $877,805 |
| Monthly Rent | $2,706 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 11378
Population: 37,828
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 11378
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BEDFORD STUYVESANT COLLEGIATE CHARTER SCHOOL
BEGINNING WITH CHILDREN CHARTER SCHOOL II
EMBER CHARTER SCHOOL
GROWING UP GREEN CHARTER SCHOOL
UNITY PREPARATORY CHARTER SCHOOL OF BROOKLYN
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
Is New York, NY a good place for real estate investing?
Yes - New York, NY a 3.0/5 investability score. With $878K home prices against $2,706/mo monthly rent, the market delivers a reasonable entry point for new investors.
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.
How quickly do rentals get leased in New York, NY?
Vacancy risk in New York, NY is elevated. That supports steady cash flow for typical rental holds.
What does house hacking look like in New York, NY?
For house hackers, New York, NY is a challenging. The $2,706/mo rent on a unit helps defray the mortgage on a $878K property.
How should investors approach New York, NY?
Most investors in New York, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 11378 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11378 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 11378 ranks in New York-Newark-Jersey City, NY-NJ-PA
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