Smithtown, NY—11787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smithtown, NY
As of Oct '25, the median home price in Smithtown, NY is $780,000, with a year-over-year change of 5.8%. This indicates that home prices in Smithtown, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $780,000 | 5.8% |
| Single Family | $785,000 | 5.9% |
| Condos | $651,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $614,000 | 7.3% |
3 Bed | $734,000 | 6.5% |
4 Bed | $846,000 | 6.8% |
| 5 Bed | $949,000 | 6.6% |
% of Housing Stock
Rental Trends — Smithtown, NY
As of July '25, Rentcast reports the average rent in Smithtown, NY is $2,820, with a year-over-year rent change of -31.7%. Per bedroom, the median rent as of July '25 in Smithtown, NY is studios: $2,100, 1-bedrooms: $2,390, 2-bedrooms: $3,300, 3-bedrooms: $4,020. The most common rental property sizes in Smithtown, NY are 1-bedroom and 3-bedroom, accounting for 42.1% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $2,820 |
| Studio Rent | $2,100 | $2,100 |
| 1 Bed Rent | $2,500 | $2,390 |
| 2 Bed Rent | $3,120 | $3,300 |
| 3 Bed Rent | $4,000 | $4,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Smithtown, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Smithtown, NY is 55. This is a increase of 40.0% 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 | $902,000 | 12.0% |
Listing Count | 115 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 55 | 40.0% |
Demographics — Smithtown, NY
As of the latest ACS Survey released in 2023, Smithtown, NY has a population of 34,700, which has increased by 1.6% over the past 5 years. Smithtown, NY is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 50.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,700 | 1.6% |
% Under 18 | 20.0% | -7.0% |
% Seniors | 19.0% | 1.1% |
% WFH | 16.5% | 223.5% |
% w/ College Degree | 50.5% | 0.6% |
As of the latest ACS Survey released in 2023, Smithtown, NY is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Smithtown, NY is hispanic, making up 10.8% of the population. Foreign-born residents account for 8.3% of the population in Smithtown, NY, and this percentage has increased by 22.1% 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 | 79.9% | -10.3% |
% Black | 0.9% | -10.0% |
% Hispanic | 10.8% | 145.5% |
% Asian | 5.0% | 28.2% |
% Foreign Born | 8.3% | 22.1% |
Mortgage and Risk — Smithtown, NY
According to HUD data as of 2023, there were 409 mortgage originations in Smithtown, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Smithtown, NY. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 409 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Smithtown, NY
Smithtown, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 319 |
Total Units Section 8 | 316 |
% Rentals under Section 8 | 19.3% |
% Occupied Section 8 | 98.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $2,500 | $2,490 |
| 2 Bedroom | -$250 | $3,120 | $2,870 |
| 3 Bedroom | -$280 | $4,000 | $3,720 |
| 4 Bedroom | N/A | N/A | $3,990 |
Affordability — Smithtown, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $780,000 |
| Median Household Income | $142,000 |