There are currently 8,302 real estate properties in Great Neck, NY, with a median automated valuation model (AVM) price of $1,391,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Great Neck, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Great Neck, NY, is $1,570,231.00, with the most expensive house in Great Neck, NY, topping out at $9,469,700.00 and the cheapest home in Great Neck, NY, clocking in at $406,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Great Neck, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Great Neck, NY, is on a rollercoaster ride. The average rent price in Great Neck, NY, is $4,620.00. Indeed, when looking to rent in Great Neck, NY, you can expect to pay as little as $2,020.00 or as much as $7,520.00, with the average rent median estimated to be $4,540.00. The good news is that finding an affordable and desirable property to rent in Great Neck, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Great Neck, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Great Neck, NY and much more. Save thousands at closing with home foreclosure listings in Great Neck, NY — up to 75% off market value!
Great Neck is located in Nassau, New York, with an estimated municipal population of 10,209 residents. All of the best foreclosed homes for sale in Great Neck are located in the following zip code areas on Foreclosure.com: 11024 11023 11027. The estimated population per square kilometer (.62 miles) in Great Neck is 2,954.
So, about how much do homes cost in Great Neck? The most recent median value of resident-owned homes in Great Neck is 839,513. An estimated 77.8 percent of households in Great Neck own their homes, with an average family size of 3.73. The median household income in Great Neck is 100,766, with50.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Great Neck, the median commute time of resident workers (in minutes) is 34. And last, but certainly not least, are you looking for homes to rent in Great Neck? If so, the average rent price paid by renters in Great Neck is 2,049, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Great Neck, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Great Neck is 35.7, split between 50.8 percent male versus 49.2 female. The percentage of residents who report being married in Great Neck is 60.9, with an average family size of 3.73.
The percentage of residents who report their race in Great Neck is as follows:
|Black / African American||1.5%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Great Neck? Or maybe you are searching for 55+ active adult communities in and/or near Great Neck?
The percentage of residents who report their age in Great Neck is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Great Neck with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Great Neck.
How do you know that living in -- or moving to -- Great Neck is right where you need to be? Perhaps you grew up in Great Neck or already live nearby; therefore, the decision to buy a home in Great Neck is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Great Neck for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Great Neck:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Great Neck.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Great Neck can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Great Neck, meanwhile, can field multiple offers from more qualified buyers.
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