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Affordable
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These days, finding an affordable place to live in the Great Neck Estates area can be challenging. Home prices in Great Neck Estates are now at a median cost of $1,395,529, higher than the New York average of $610,895.
The average cost of rent is $1,912/mo in Great Neck Estates, primarily driven by the current value of real estate in the Great Neck Estates area. In Great Neck Estates, 9.95% of households rent, and 52.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Great Neck Estates is $15,012 per month. Households that rent pay about 12.74% of their income on rent here. Great Neck Estates’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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