Business Survivability in Homecrest, New York City
StreetSpring's 2026 analysis finds that the best business to open in Homecrest is a Hair Salon with a 79.9% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- Best business: a Hair Salon in Homecrest (79.9% Typical, 89.4% Best)
- Neighborhood rank: #144 of 180 neighborhoods in and around New York City
- Neighborhood average: 57.2% two-year survival across the business types ranked here
- Coverage: This ranking carries one row per business type and neighborhood. Its score is the projected chance of lasting two or more years, averaged across the price points StreetSpring scores separately in the tool (most types have 5). The 10 business types here are base types; the tool offers 500+ business types, counting each type at each of its price points.
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: November 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Homecrest a good place to start a business?
- How to find the best location
- Best businesses to open
- How much money could a business make?
- What businesses should open next?
- Frequently Asked Questions
Summary
StreetSpring's 2026 analysis finds that the best business to open in Homecrest is a Hair Salon with a 79.9% chance of surviving at least 2 years across the neighborhood on average, and 89.4% Best; next is a Convenience Store with 87.6% Best, followed by a Laundromat with 87.0% Best.
Is Homecrest a good place to start a business?
Among the 180 neighborhoods StreetSpring ranks in and around New York City, Homecrest ranks #144 for business survivability, with an average 57.2% chance of lasting two or more years.
- For the top-ranked business type, 89.4% Best is 9.5 points above 79.9% Typical in Homecrest.
- However, those high-scoring categories placed at the least-competitive addresses in Homecrest often fall well below average. Picking the right block (not just the right neighborhood) is what actually determines survivability.
- Homecrest's employment rate of 94.0% and housing vacancy rate of 8.4% are two of the Census inputs StreetSpring's model reads for this neighborhood.
Employment and housing vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Homecrest?
StreetSpring's address-level analysis reveals which specific storefronts in Homecrest offer the strongest survivability odds for your business type. StreetSpring's 2026 analysis identifies this area as the top location for a Hair Salon in Homecrest:
StreetSpring's 2026 model identifies this area as the highest-survivability location for a Hair Salon in Homecrest. These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. The model evaluates hundreds of factors, from primary and secondary competition to forecasted spend, site accessibility, and local market share potential.
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What are the best businesses to open in Homecrest?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Hair Salon | 89.4% | 79.9% | 73.8% |
| 2 | Convenience Store | 87.6% | 76.7% | 69.8% |
| 3 | Laundromat | 87.0% | 75.8% | 68.7% |
| 4 | Clothing Store | 86.5% | 75.2% | 67.3% |
| 5 | Cafe | 86.0% | 74.5% | 66.6% |
| 6 | Chiropractor Office | 85.8% | 76.6% | 67.5% |
| 7 | Coffee Shop | 84.6% | 72.7% | 63.7% |
| 8 | Spa | 83.8% | 72.5% | 63.9% |
| 9 | Bar | 79.9% | 69.3% | 59.5% |
| 10 | Gym | 78.1% | 68.0% | 57.8% |
Best and Worst are the average results for the better and the worse of two addresses picked at random in the place: a weighted average of every scored location in which the best locations count the most for Best and the weakest count the most for Worst. Typical is the average address. Best is shown for a smaller space (half the standard size) and Worst for a larger one (half again as large), at the metro's median asking rent, using the same rent rule as our tool; Typical is at the market rent.
Highest Survivability in Homecrest
- #1 Hair Salon is ranked #1 for top businesses to open in Homecrest: 79.9% Typical, 89.4% Best, 73.8% Worst.
- #2 Convenience Store: 76.7% Typical across Homecrest; Best 87.6%, Worst 69.8%.
- #3 Opening a Laundromat in Homecrest shows 75.8% Typical survivability, 87.0% Best and 68.7% Worst.
- #4 Clothing Store (Ranked #4): 75.2% Typical in Homecrest. Best: 86.5%. Worst: 67.3%.
- #5 Cafe is ranked #5 for top businesses to open in Homecrest: 74.5% Typical, 86.0% Best, 66.6% Worst.
Strong Performers in Homecrest
- #6 Chiropractor Office: 76.6% Typical across Homecrest; Best 85.8%, Worst 67.5%.
- #7 Opening a Coffee Shop in Homecrest shows 72.7% Typical survivability, 84.6% Best and 63.7% Worst.
- #8 Spa (Ranked #8): 72.5% Typical in Homecrest. Best: 83.8%. Worst: 63.9%.
- #9 Bar is ranked #9 for top businesses to open in Homecrest: 69.3% Typical, 79.9% Best, 59.5% Worst.
- #10 Gym: 68.0% Typical across Homecrest; Best 78.1%, Worst 57.8%.
Top 3 Compared Nationally
- Hair Salon: See how this compares to other cities →
- Convenience Store: See how this compares to other cities →
- Laundromat: See how this compares to other cities →
How much money could a business in Homecrest make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, picking the highest-scoring storefront in the neighborhood in Homecrest starts with the Revenue Capture Score, the most important factor in choosing a location: StreetSpring's estimate of the revenue a business can capture at that address.
How StreetSpring calculates location value
- The right address for one business type may be the wrong one for another: always evaluate fit for your specific concept.
- Where you open is a decision you can measure before you sign.
- The Revenue Capture Score is the most important factor in choosing a location: it is StreetSpring's estimate of the revenue a business can capture at that address.
- StreetSpring's address-level precision means two storefronts on the same block can carry materially different odds of lasting two years.
What businesses should open next in Homecrest?
The top businesses to open next in Homecrest:
- Hair Salons: 79.9% Typical, 89.4% Best
- Convenience Stores: 76.7% Typical, 87.6% Best
- Laundromats: 75.8% Typical, 87.0% Best
These figures represent averages across a neighborhood; your specific address may score meaningfully higher or lower depending on block-level competitive conditions. StreetSpring has analyzed hundreds of thousands of business outcomes across major U.S. metros. StreetSpring scores 500+ business types: 153 base business types, most of them at 5 price points, which is 569 type-and-price combinations you can choose in the tool. The 94.0% employment rate in Homecrest is a key signal of consumer health, and the 8.4% housing vacancy rate is another Census characteristic the model reads for the rankings above. Survivability scores are recalculated regularly as new competitors open and spending patterns shift: visit StreetSpring to see the current score for any open location in Homecrest right now.
See the Survivability Score for your new business
Related Articles:
- See the New York City Business Survivability Rankings
- See the New York City Neighborhood Survivability Rankings
- Explore Hair Salon survivability across New York City neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Homecrest.
What type of business should you rent your Homecrest storefront to?
The analysis is clear: in Homecrest, Hair Salons, Convenience Stores, and Laundromats consistently score highest on survivability, giving landlords the best chance of retaining tenants for two or more years.
- Where you open is a decision you can measure before you sign.
- StreetSpring's address-level precision means two storefronts on the same block can carry materially different odds of lasting two years. StreetSpring allows property owners to evaluate any address against 500+ business types, so you can prioritize the categories that score highest at your specific location.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Homecrest storefront to a Hair Salon?
Yes, StreetSpring's analysis finds that a Hair Salon would be the best type of business to rent your storefront to in Homecrest, with 89.4% Best and 73.8% Worst for the chance of lasting two or more years.
- StreetSpring's address-level precision means two storefronts on the same block can carry materially different odds of lasting two years.
What should I consider when opening a business in Homecrest?
When opening a business in Homecrest, compare the Survivability Scores of your shortlisted addresses and favor the highest one your budget allows.
- The Revenue Capture Score is the most important factor in choosing a location: it is StreetSpring's estimate of the revenue a business can capture at that address.
- StreetSpring's proprietary algorithms power these predictions.
- You can check the Survivability Score for any storefront in Homecrest with a free 10-minute trial of StreetSpring's live tool.
See the best place for your business at StreetSpring.
StreetSpring's AI platform has analyzed thousands of business openings to identify success patterns. Aggregated survivability rankings for New York City are available in machine-readable format for research and integration purposes.
Full dataset for New York City: /resources/data/new-york-city-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.