Market Overview
Home Prices in Great Neck, NY
The median home value in Great Neck, NY is $1,494,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 8.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Great Neck are priced264% above average. Great Neck is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Great Neck home values have risen by approximately36.3%, reflecting strong long-term appreciation in this market.
Price History
Great Neck Home Price Trend
City Comparison
Great Neck vs. National Median
At $1,494,311, homes in Great Neck cost 264% above the national median of $410,000. Buyers in Great Neck should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Great Neck?
20% Down Payment
$298,862
on $1,494,311
Monthly P&I
$7,793/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,897/mo
incl. taxes & insurance
Income Needed
$395,880
gross annual (30% rule)
10% Down Option
$149,431
+ PMI applies
Loan Amount (20% dn)
$1,195,449
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Great Neck, NY?
The median home value in Great Neck is $1,494,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Great Neck?
Over the past year, home values in Great Neck have increased by 6.3%. Over five years, prices have risen approximately 36.3%.
How much do I need to earn to buy a home in Great Neck?
To comfortably afford the median home price of $1,494,311 with a 20% down payment ($298,862) at today's rates (6.8%), you'd need a gross annual income of approximately $395,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Great Neck compare to the national average home price?
The national median home value is approximately $410,000. At $1,494,311, homes in Great Neck are 264% above the national average.
What metro area is Great Neck part of?
Great Neck is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.