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Great Neck

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

Median Home$993,500
Median Rent$1,846/month
Population11,087
Leading IndustriesTransportation · Education · Arts, Food & Hospitality7% transportation
Home Value Growth+6.6% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners71% of occupied units
NotableHigh Incomes$131k/year · top 6% nationally
NotableHighly Educated27% bachelor's · 14% graduate · top 14% nationally
Great Neck
NY

Frequently Asked Questions

What are today's mortgage rates in Great Neck?

As of today, the 30-year fixed mortgage rate for Great Neck is approximately 6.806% (6.839% 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?

The median home value in Great Neck is $994k. The median monthly rent is $1,846. 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?

Home values in Great Neck have increased 6.6% over the past two years. This represents moderate growth. 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?

Based on a typical all-in ownership cost of $2,488/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $107k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Neck is $131k/year.

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What industries drive the economy in Great Neck?

The largest employment sectors in Great Neck are public administration (31%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.