Real Estate Investing in Carle Place, New York (11514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11514 (Carle Place, 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.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in Carle Place, NY (11514)?
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Market Analysis: 11514 Carle Place
This part of Nassau County is not an easy win. The 11514 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 11514 is substantial only for operators who understand what they are buying. A $865K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Put differently, 11514 offers a low basis, the region around Carle Place has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 11514 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 11514 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 Carle Place:
Property Strategy for 11514
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $817,463 | $3,670 | 3.2% | +7.2% | $272,488 |
| 4BR | $868,350 | $3,880 | 3.2% | +6.8% | $217,087 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11514 Compare?
| Metric | 11514 | Carle Place | New York |
|---|---|---|---|
| Home Value | $864,616 | $864,616 | $505,608 |
| 5-Year CAGR | 6.1% | 6.1% | 6.6% |
| Avg Rent | $2,788 | $2,788 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 11514 (Carle Place, NY). Anonymous, moderated, never written by AI.
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Property managers serving Nassau County
Manage rentals here? List your business →Bell Realty Management, Inc. is a premier management company for apartment houses, retail, office, mixed-use, and various commercial properties in NYC and Long Island. summary from their website
Cain Realty Management Corp. is a family-owned and operated industrial and commercial property management company in Plainview, NY. summary from their website
Boraie Development creates and manages visionary communities in New Jersey's urban centers, focusing on transformative projects. 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 | $864,616 |
| Monthly Rent | $2,788 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 11514
Population: 4,421
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 11514
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CENTER STREET SCHOOL
CLARKE MIDDLE SCHOOL
EAST HILLS ELEMENTARY SCHOOL
JACKSON AVENUE SCHOOL
NORTH SIDE SCHOOL
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 1,021 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Carle Place, NY?
Rental vacancy in Carle Place, NY is elevated. Investors should budget normal turnover but not chronic empty units.
How strong are rents in Carle Place, NY?
Rent in Carle Place, NY is around $2,788/mo. The resulting rent-to-value relationship with $865K pricing is reasonable for most investor models.
Are renters plentiful in Carle Place, NY?
Expect a solid tenant pool in Carle Place, NY. The rental market absorbs $2,788/mo rents without meaningful friction.
What approach is best for Carle Place, NY real estate?
For Carle Place, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are home prices like in Carle Place, NY?
Homes in Carle Place, NY typically sell near $865K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 11514 now. You don’t know where it ranks.
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How 11514 ranks in New York-Newark-Jersey City, NY-NJ-PA
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