Farmingville, NY—11738
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmingville, NY
As of Oct '25, the median home price in Farmingville, NY is $632,000, with a year-over-year change of 5.0%. This indicates that home prices in Farmingville, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $632,000 | 5.0% |
| Single Family | $633,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $488,000 | 4.3% |
3 Bed | $605,000 | 4.9% |
4 Bed | $677,000 | 4.2% |
| 5 Bed | $700,000 | 4.5% |
% of Housing Stock
Rental Trends — Farmingville, NY
As of July '25, Rentcast reports the average rent in Farmingville, NY is $3,260, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Farmingville, NY is 1-bedrooms: $3,160, 2-bedrooms: $3,340, 3-bedrooms: $3,490. The most common rental property sizes in Farmingville, NY are 3-bedroom and 2-bedroom, accounting for 43.8% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,440 | $3,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,340 | $3,160 |
| 2 Bed Rent | $3,500 | $3,340 |
| 3 Bed Rent | $3,460 | $3,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farmingville, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmingville, NY is 48. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -6.0% |
Listing Count | 50 | 23.0% |
| Listings as % of Homes | 0.6% | 23.0% |
Days on Market | 48 | 29.0% |
Demographics — Farmingville, NY
As of the latest ACS Survey released in 2023, Farmingville, NY has a population of 20,200, which has increased by 16.7% over the past 5 years. Farmingville, NY is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 16.7% |
% Under 18 | 25.5% | 14.3% |
% Seniors | 10.7% | -7.8% |
% WFH | 6.3% | 80.0% |
% w/ College Degree | 31.9% | 23.6% |
As of the latest ACS Survey released in 2023, Farmingville, NY is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 22.6% in the last 5 years. The second most common race or ethnicity in Farmingville, NY is hispanic, making up 23.3% of the population. Foreign-born residents account for 17.4% of the population in Farmingville, NY, and this percentage has increased by 52.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.6% | -22.6% |
% Black | 11.1% | 404.5% |
% Hispanic | 23.3% | 70.1% |
% Asian | 4.7% | -6.0% |
% Foreign Born | 17.4% | 52.6% |
Mortgage and Risk — Farmingville, NY
According to HUD data as of 2023, there were 277 mortgage originations in Farmingville, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Farmingville, NY. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 277 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Farmingville, NY
Farmingville, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 80 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$590 | $3,340 | $2,750 |
| 2 Bedroom | -$330 | $3,500 | $3,170 |
| 3 Bedroom | $650 | $3,460 | $4,110 |
| 4 Bedroom | N/A | N/A | $4,400 |
Affordability — Farmingville, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $632,000 |
| Median Household Income | $139,000 |