What is the Best Neighborhoods USA ranking for Lake Success?
Lake Success is ranked #7 of 13 eligible neighborhoods in Great Neck; #31 of 418 eligible neighborhoods in NY; and #1,398 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lake Success
Great Neck, NY | Nassau County
Scored premium profile
Best Neighborhoods USA Index
69.7
Stability and Strength
78.6
Value Opportunity
47.5
Momentum
86.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Great Neck, NY |
| County | Nassau County |
| National rank | #1,398 of 14,967 |
| State rank | #31 of 418 |
| City rank | #7 of 13 |
| County rank | #9 of 17 |
| National percentile | 90.7 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,953,759 |
| Year-over-year home value change | 8.5% |
| Month-over-month home value change | 0.20% |
| Home value to income ratio | 15.27 |
| Median household income | $127,973 |
| Bachelor's degree or higher | 66.4% |
| Civilian unemployment rate | 3.3% |
| Homeownership rate | 92.7% |
| Housing vacancy rate | 6.7% |
| Rent burden 30% or higher | 31.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Lake Success
Is Lake Success one of the best neighborhoods in Great Neck?
Lake Success has a Best Neighborhoods USA Index of 69.7 and a city ranking of #7 of 13 eligible neighborhoods in Great Neck.
How much are homes worth in Lake Success?
The current Zillow Home Value Index for Lake Success is approximately $1,953,759.
Are home values rising or falling in Lake Success?
Zillow neighborhood values changed 8.5% year over year and 0.20% month over month.
What is the Neighborhood Momentum Score for Lake Success?
Lake Success has a Neighborhood Momentum Score of 86.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lake Success?
The NDS-derived neighborhood median household income is approximately $127,973.
How affordable is Lake Success relative to household income?
The current Zillow home-value-to-household-income ratio is 15.27. Price-to-income affordability is a major Value Opportunity input.
Is Lake Success primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 92.7%.
What is the unemployment rate in Lake Success?
The NDS-derived civilian unemployment rate is approximately 3.3%.
How educated are residents of Lake Success?
Approximately 66.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lake Success face high rent burden?
Approximately 31.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Lake Success?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications48
Estimated originations28
Home-purchase applications29
Origination rate58.4%
Home-purchase share60.5%
Average application loan$1,010,407
Total application loan amount$48,819,108
National application rank#7,371 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -17.0% YoY; originations -3.1% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.