Real Estate Investing in Wantagh, New York (11793)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11793 (Wantagh, 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 25.8 — 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 Wantagh, NY (11793)?
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Market Analysis: 11793 Wantagh
Not every below-median market is a bargain. Wantagh's 11793 ZIP comes in at signals that favor experienced operators who can absorb the risk $826K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $826K asset, 11793 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 11793 trails on several market indicators that neighboring Nassau County submarkets outperform. The gap is real and notable enough to shape underwriting.
Demographically, 11793 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 11793 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 Wantagh:
Property Strategy for 11793
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $654,240 | $2,960 | 3.3% | +6.1% | $327,120 |
| 3BR | $775,547 | $3,840 | 3.6% | +6.6% | $258,516 |
| 4BR | $828,033 | $4,060 | 3.5% | +6.4% | $207,008 |
| 5BR | $909,834 | — | — | +6.3% | $181,967 |
Market Trends
Home Value History (with trend line)
📊 How Does 11793 Compare?
| Metric | 11793 | Wantagh | New York |
|---|---|---|---|
| Home Value | $825,548 | $825,548 | $505,608 |
| 5-Year CAGR | 5.4% | 5.4% | 6.6% |
| Avg Rent | $2,664 | $2,664 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11793 (Wantagh, 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 | $825,548 |
| Monthly Rent | $2,664 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 11793
Population: 31,497
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 11793
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ALBANY AVENUE ELEMENTARY SCHOOL
BIRCH SCHOOL
CHATTERTON SCHOOL
FAIRFIELD ELEMENTARY SCHOOL
LOCKHART ELEMENTARY 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
Frequently Asked Questions
Is vacancy a concern in Wantagh, NY?
Vacancy in Wantagh, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,664/mo.
Are eviction rules reasonable in Wantagh, NY?
Landlord-friendliness in Wantagh, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What type of investing works in Wantagh, NY?
For Wantagh, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong is the working-renter base in Wantagh, NY?
Wantagh, NY draws a stable base of working renters. Demand at the $2,664/mo rent level is reasonable for standard single-family and small multi rentals.
Is Wantagh, NY a good market for buy-and-hold investors?
With a 3.0/5 investability score, Wantagh, NY ranks as a solid market for rental property investors. Median prices of $826K and rents of $2,664/mo drive the underlying numbers.
You know 11793 now. You don’t know where it ranks.
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How 11793 ranks in New York-Newark-Jersey City, NY-NJ-PA
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