Real Estate Investing in New York, New York (11429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11429 (New York, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
- High price-to-rent: Price-to-rent ratio 25.9 — hard to cash-flow at these prices.
What’s happening in New York, NY (11429)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11429 New York
Investors eyeing 11429 need to respect the fundamentals at play. Home values of $755K come alongside slower price movement and elevated management overhead.
The 11429 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
From an investor standpoint, 11429 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 11429 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 11429 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 11429
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $727,970 | $3,260 | 3.2% | +5.5% | $242,657 |
| 4BR | $781,032 | $3,540 | 3.3% | +6.1% | $195,258 |
| 5BR | $843,651 | — | — | +8.2% | $168,730 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11429 Compare?
| Metric | 11429 | New York | New York |
|---|---|---|---|
| Home Value | $754,509 | $572,493 | $505,608 |
| 5-Year CAGR | 4.4% | 1.2% | 6.6% |
| Avg Rent | $2,425 | $3,425 | - |
| Cap Rate | 2.5% | 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 11429 (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 | $754,509 |
| Monthly Rent | $2,425 |
| Price-to-Rent | 25.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.5%). 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 11429
Population: 27,933
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 11429
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CLARA H CARLSON SCHOOL
COVERT AVENUE SCHOOL
DUTCH BROADWAY SCHOOL
GOTHAM AVENUE SCHOOL
GROWING UP GREEN CHARTER SCHOOL II
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 975 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in New York, NY?
Homes in New York, NY typically sell near $755K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How tight is the rental market in New York, NY?
New York, NY carries elevated vacancy risk. Expect measured absorption at market rents of $2,425/mo.
What is the renter demographic in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report measured occupancy at market rents of $2,425/mo.
Does house hacking make sense in New York, NY?
House hacking works a challenging in New York, NY. Rents of $2,425/mo against $755K acquisition make the strategy solid for owner-occupants.
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 11429 now. You don’t know where it ranks.
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How 11429 ranks in New York-Newark-Jersey City, NY-NJ-PA
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