Great Neck, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Great Neck, New York rental market.
Great Neck, New York
Average Apartment Rent in August 2022
$3,611
Y-o-Y Change in Average
Apartment Rent
12.9%
Compared to a year ago, Great Neck, New York apartments have recorded a 12.9% rent increase.
Great Neck, New York |Average apartment rent trend
Great Neck, New York| Average apartment rent
Great Neck, New York | Housing tenure**
Renters take up 23% of Great Neck, New York real estate, occupying a total of 712 units, while homeowners live in 2,392 properties.
Median number of rooms of renter-occupied housing units**
5
Renter median household income**
$50,408
Average household size of renter-occupied housing units**
3.71
Rental vacancy rate**
14.6%
Great Neck, New York | Renter-occupied housing units by no. of bedrooms**
There are 244 rentals in Great Neck, New York with 2 beds making up the highest share of the market, at 34%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 8 units. Overall, the median number of rooms in Great Neck, New York homes for rent is 5.
Great Neck, New York |Renter-occupied units by age of householder**
Most condos for rent in Great Neck, New York are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Great Neck, New York | Renter-occupied housing units by family type**
Great Neck, New York | Renter-occupied housing units by the presence of own children**
A total of 567 apartments for rent in Great Neck, New York, or 80% of all rentals are family households. Additionally, 61% of rental homes include children under the age of 18 – that’s 435 units. All in all, the median size of a renter-occupied household in Great Neck, New York is 3.71.
Great Neck, New York | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Great Neck, New York.
Great Neck, New York | Renter-occupied units by year structure built**
The highest share of Great Neck, New York apartment rentals, namely 32% or 226 units, were Built 1950 - 1959, followed by those Built 1939 or earlier (21%, 146 units), and the ones Built 1970 - 1979 (13%, 93 units).
Great Neck, New York | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Great Neck, New York renters (29%) moved in 2015 to 2016, while only 5% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Great Neck, New York condos for rent is 2015.
Great Neck, New York | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Great Neck, New York renters have 2 vehicles available per household, 36% of them have 1 vehicle available, and 19% have No vehicle available.
Great Neck, New York | Means of transportation to work of householders living in renter-occupied housing units**
Great Neck, New York |Geographical mobility in the past year for householders living in renter-occupied housing units**
Great Neck, New York | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Great Neck, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
