Great Neck, NY — Momentum Score, Home Values & Best-For

All states·New York·Great Neck

Nassau County · New York-Newark-Jersey City · population 11,075

Small-town feel
OverviewCost of livingMoving guide
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71
Rising
Momentum score · 0–100

Where Great Neck stands

At or near all-time high. home values up 6.8% in the last year.

Median home $1,460,013
1-year +6.8%
5-yr CAGR +6.4%
vs 5-yr peak +0.0%
Population -0.2%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$1460k$911k$1114k$1316k$1518k201620182020202220242026

Lifestyle scores

🚶
Walkability
25/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
32/100
Poor remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$4,599/mo$0$2,506$5,012202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent12712080100120202220242026

Rent vs buy

Price-to-rent ratio: 26.5
Rent

At a 26.5 price-to-rent ratio, renting beats buying in Great Neck for most shorter holds. The premium you pay to own would take many years of rent savings to recoup, and that's before maintenance, taxes, and opportunity cost on the down payment.

How the momentum score breaks down

methodology →
Home YoY
81 · w22%
Home 5-yr CAGR
71 · w22%
Distance from peak
90 · w18%
Population growth
43 · w16%
Rent YoY
77 · w12%
Home 10-yr CAGR
55 · w10%
Long thesis

Great Neck has held up across the cycle: home values at $1,460,013 with +6.4% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Great Neck's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Great Neck

Great Neck is a city in Nassau County, New York, with an estimated population of 11,075. It anchors the New York-Newark-Jersey City metro area. The median home value in Great Neck is $1,460,013 as of 2026-04, up 6.8% over the last 12 months. Over the last five years, home values have averaged +6.4% annual growth, with prices at or near the 5-year peak. Rents in Great Neck average $4,599 per month, up 4.9% year-over-year. The composite momentum score is 71 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Trend still working: prices up 6.8% in the last 12 months — buyers are still chasing inventory.
●Healthy 5-year run: +6.4% annualized over 5 years, outpacing US inflation.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

●Premium territory: $1,460,013 median home is a high bar to clear — affordability constrains the buyer pool.
○Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Nassau County right now.

NWS active alerts (NY)New York Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Nassau County routes NWS alerts; check the state EM portal for non-weather emergencies.

Neighborhoods of Great Neck

13 tracked · ranked by median home value
1Kings Point$3,346,409+6.1%
2Saddle Rock$2,431,592+7.6%
3Harbor Hills$2,246,265+9.7%
4Great Neck Estates$2,088,811+10.9%
5Kensington$2,011,427+9.2%
6Lake Success$1,820,590+13.5%
7Saddle Rock Estates$1,787,363+8.0%
8Russell Gardens$1,712,160+9.3%
9Great Neck Gardens$1,550,785+5.2%
10Thomaston$1,375,061+5.4%
11Great Neck Village$1,320,332+5.2%
12University Gardens$1,180,277+6.2%
13Great Neck Plaza$578,017+9.2%

Cities like Great Neck

Cedarhurst, NY73 · RisingWoodbury, NY73 · RisingBriarcliff Manor, NY71 · RisingLake Grove, NY74 · Rising

Run the numbers for Great Neck

ToolCan I afford Great Neck?Income → city shortlistToolROI on a Great Neck rentalCap rate, cash-on-cash, DSCRToolCompare Great Neck to anywhereSide-by-side up to 3 citiesToolGreat Neck cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
33° / 19°
avg high / low
Summer (Jul)
82° / 63°
avg high / low
Sunny days/yr
183
~50% of year
Annual precip
41″ rain
60″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Moderate
Tornado
Very low
Wildfire
Very low
Earthquake
Very low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the New York-Newark-Jersey City area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

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7-day forecast on weather.gov →

Find rentals & listings

Open current Great Neck listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.