The Most Affordable Neighborhoods in Great Neck Estates, NY by Home Value

 

Great Neck Estates, NY Map of Most Affordable Neighborhoods
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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 $1,380,568, higher than the New York average of $481,023.

The average cost of rent is $1,945/mo in Great Neck Estates, primarily driven by the current value of real estate in the Great Neck Estates area. While nearly 45.02% of residents own their homes outright in Great Neck Estates, 20.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Great Neck Estates is $12,741 per month. Households that rent pay about 15.26% of their income on rent here. Great Neck Estates's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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