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Great Neck Plaza

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

Median Home$541,358
Median Rent$2,407/month
Population7,686
Leading IndustriesEducation · Professional Services · Healthcare8% education
Home Value Growth⬆⬆+12.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners57% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableHighly Educated32% bachelor's · 23% graduate · top 6% nationally
Great Neck Plaza
NY

Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Great Neck Plaza is approximately 6.914% (6.951% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Great Neck Plaza?

The median home value in Great Neck Plaza is $541k. The median monthly rent is $2,407. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Neck Plaza?

Home values in Great Neck Plaza have increased 12.8% 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 Plaza?

Based on a typical all-in ownership cost of $2,085/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Neck Plaza is $108k/year.

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What industries drive the economy in Great Neck Plaza?

The largest employment sectors in Great Neck Plaza are public administration (31%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.