Real Estate Investing in New York, New York (11691)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11691 (New York, 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.
What’s happening in New York, NY (11691)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11691 New York
Investors eyeing 11691 need to respect the fundamentals at play. Home values of $683K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $683K asset, 11691 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 11691 sits on the difficult end of the NY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 11691 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.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 11691. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11691
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $454,044 | $2,920 | 4.6% | +4.9% | $227,022 |
| 3BR | $602,367 | $3,660 | 4.4% | +3.8% | $200,789 |
| 4BR | $714,566 | $3,970 | 4.0% | +4.2% | $178,641 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11691 Compare?
| Metric | 11691 | New York | New York |
|---|---|---|---|
| Home Value | $682,588 | $572,493 | $505,608 |
| 5-Year CAGR | 3.3% | 1.2% | 6.6% |
| Avg Rent | $3,124 | $3,425 | - |
| Cap Rate | 3.6% | 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 11691 (New York, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11691 (New York, NY)?
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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 | $682,588 |
| Monthly Rent | $3,124 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.6%). 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 11691
Population: 68,704
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 11691
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
How quickly do rentals get leased in New York, NY?
New York, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in New York, NY?
The median home value in New York, NY is roughly $683K. That puts it reasonable relative to the NY statewide average.
Is New York, NY a good market for buy-and-hold investors?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $683K and rents of $3,124/mo drive the underlying numbers.
What approach is best for New York, NY real estate?
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.
Where do rents currently stand in New York, NY?
Rents in New York, NY run near $3,124/mo. Compared with median home prices of $683K that produces solid gross yields for typical rentals.
You know 11691 now. You don’t know where it ranks.
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How 11691 ranks in New York-Newark-Jersey City, NY-NJ-PA
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