Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Great Neck Gardens

Learn about the people, housing, costs and businesses in Great Neck Gardens, New York

Median Home$1,197,100
Population1,280
Leading IndustriesArts, Food & Hospitality · Public Administration · Healthcare16% arts, food & hospitality
Home Value Growth⬆⬆+15.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$173k/year · top 2% nationally
NotableHighly Educated32% bachelor's · 26% graduate · top 6% nationally
Great Neck Gardens
NY

Frequently Asked Questions

What are today's mortgage rates in Great Neck Gardens?

As of today, the 30-year fixed mortgage rate for Great Neck Gardens is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Great Neck Gardens
What is the median home price in Great Neck Gardens?

The median home value in Great Neck Gardens is $1.2M. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Neck Gardens?

Home values in Great Neck Gardens have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Great Neck Gardens?

Based on a typical all-in ownership cost of $3,178/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $136k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Neck Gardens is $173k/year.

Calculate your buying power
What industries drive the economy in Great Neck Gardens?

The largest employment sectors in Great Neck Gardens are public administration (33%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.