Real Estate Investing in Merrick, New York (11566)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11566 (Merrick, 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 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Merrick, NY (11566)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11566 Merrick
Stepping back, ZIP 11566 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $906K median. It rewards specialists, not generalists.
The investment case in 11566 is significant only for operators who understand what they are buying. A $906K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NY picture, 11566 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 35,172 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 11566 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Merrick:
Property Strategy for 11566
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $663,311 | $3,350 | 3.6% | +6.7% | $331,656 |
| 3BR | $788,255 | $4,350 | 4.0% | +6.8% | $262,752 |
| 4BR | $941,220 | $4,600 | 3.5% | +7.0% | $235,305 |
| 5BR | $1,066,149 | — | — | +6.9% | $213,230 |
Market Trends
Home Value History (with trend line)
📊 How Does 11566 Compare?
| Metric | 11566 | Merrick | New York |
|---|---|---|---|
| Home Value | $905,655 | $905,655 | $505,608 |
| 5-Year CAGR | 5.5% | 5.5% | 6.6% |
| Avg Rent | $3,015 | $3,015 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 11566 (Merrick, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11566 (Merrick, NY)?
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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 | $905,655 |
| Monthly Rent | $3,015 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.6%). 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 11566
Population: 35,172
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 11566
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ARCHER STREET SCHOOL
BAYVIEW AVENUE SCHOOL
CENTENNIAL AVENUE ELEMENTARY SCHOOL
LEO F GIBLYN SCHOOL
MANDALAY 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 719 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Merrick, NY?
Merrick, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($906K prices, $3,015/mo rents) make it a reasonable choice.
What is the typical rental rate in Merrick, NY?
Merrick, NY rentals go for roughly $3,015/mo a month. That puts gross yield in solid territory relative to $906K acquisition costs.
Is it easy to find good tenants in Merrick, NY?
Working renters make up the core of the Merrick, NY tenant base. The pool is reasonable for investors targeting long-term holds.
Is NY a landlord-friendly state?
Merrick, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What does house hacking look like in Merrick, NY?
Merrick, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $906K price point reasonable to enter.
You know 11566 now. You don’t know where it ranks.
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How 11566 ranks in New York-Newark-Jersey City, NY-NJ-PA
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