Miller Place, NY—11764
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miller Place, NY
As of Oct '25, the median home price in Miller Place, NY is $709,000, with a year-over-year change of 3.6%. This indicates that home prices in Miller Place, 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 | $709,000 | 3.6% |
| Single Family | $716,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $650,000 | 5.0% |
4 Bed | $776,000 | 4.4% |
| 5 Bed | $923,000 | 4.4% |
% of Housing Stock
Rental Trends — Miller Place, NY
As of July '25, Rentcast reports the average rent in Miller Place, NY is $2,240, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Miller Place, NY is studios: $2,040, 1-bedrooms: $2,230, 2-bedrooms: $2,500. The most common rental property sizes in Miller Place, NY are 2-bedroom and 1-bedroom, accounting for 47.7% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,240 |
| Studio Rent | $2,040 | $2,040 |
| 1 Bed Rent | $2,250 | $2,230 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Miller Place, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Miller Place, NY is 39. This is a increase of 9.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $794,000 | 0.0% |
Listing Count | 66 | 46.0% |
| Listings as % of Homes | 0.6% | 46.0% |
Days on Market | 39 | 9.0% |
Demographics — Miller Place, NY
As of the latest ACS Survey released in 2023, Miller Place, NY has a population of 12,500, which has decreased by -1.5% over the past 5 years. Miller Place, NY is a moderately popular place for families, as children make up 22.8% of the population. The area has a highly educated workforce, with 47.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | -1.5% |
% Under 18 | 22.8% | -14.9% |
% Seniors | 19.1% | 33.6% |
% WFH | 12.1% | 120.0% |
% w/ College Degree | 47.5% | 3.3% |
As of the latest ACS Survey released in 2023, Miller Place, NY is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Miller Place, NY is hispanic, making up 12.6% of the population. Foreign-born residents account for 4.8% of the population in Miller Place, NY, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.8% | -8.5% |
% Black | 0.6% | 20.0% |
% Hispanic | 12.6% | 55.6% |
% Asian | 3.1% | 47.6% |
% Foreign Born | 4.8% | -25.0% |
Mortgage and Risk — Miller Place, NY
According to HUD data as of 2023, there were 138 mortgage originations in Miller Place, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Miller Place, NY. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Miller Place, NY
Miller Place, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $2,250 | $2,450 |
| 2 Bedroom | $330 | $2,500 | $2,830 |
| 3 Bedroom | N/A | N/A | $3,670 |
| 4 Bedroom | N/A | N/A | $3,930 |
Affordability — Miller Place, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $709,000 |
| Median Household Income | $142,000 |