Wading River, NY—11792
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wading River, NY
As of Oct '25, the median home price in Wading River, NY is $731,000, with a year-over-year change of 4.8%. This indicates that home prices in Wading River, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $731,000 | 4.8% |
| Single Family | $732,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $494,000 | 4.2% |
3 Bed | $649,000 | 4.3% |
4 Bed | $832,000 | 4.4% |
| 5 Bed | $903,000 | 4.2% |
% of Housing Stock
Rental Trends — Wading River, NY
As of July '25, Rentcast reports the average rent in Wading River, NY is $4,260, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Wading River, NY is studios: $2,000, 1-bedrooms: $2,250, 2-bedrooms: $2,570, 3-bedrooms: $5,120, 4-bedrooms: $5,500. The most common rental property sizes in Wading River, NY are 3-bedroom and 4-bedroom, accounting for 52.8% and 47.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,260 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,250 | $2,250 |
| 2 Bed Rent | $2,570 | $2,570 |
| 3 Bed Rent | $4,750 | $5,120 |
| 4 Bed Rent | $4,500 | $5,500 |
% of Rental Stock
Property Listings — Wading River, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Wading River, NY is 82. This is a increase of 12.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | -2.0% |
Listing Count | 54 | 40.0% |
| Listings as % of Homes | 0.8% | 40.0% |
Days on Market | 82 | 12.0% |
Demographics — Wading River, NY
As of the latest ACS Survey released in 2023, Wading River, NY has a population of 8,560, which has decreased by -1.5% over the past 5 years. Wading River, NY is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,560 | -1.5% |
% Under 18 | 19.1% | -14.7% |
% Seniors | 16.9% | 14.2% |
% WFH | 13.5% | 229.3% |
% w/ College Degree | 47.8% | 1.7% |
As of the latest ACS Survey released in 2023, Wading River, NY is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Wading River, NY is hispanic, making up 10.1% of the population. Foreign-born residents account for 9.3% of the population in Wading River, NY, and this percentage has increased by 47.6% 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 | 87.2% | -3.1% |
% Black | 1.2% | -40.0% |
% Hispanic | 10.1% | 40.3% |
% Asian | 0.9% | 28.6% |
% Foreign Born | 9.3% | 47.6% |
Mortgage and Risk — Wading River, NY
According to HUD data as of 2023, there were 123 mortgage originations in Wading River, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Wading River, NY. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Wading River, NY
As of 2024, the percent of homes in Wading River, NY under the Section 8 program is 13.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wading River, NY, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $900 | $2,250 | $3,150 |
| 2 Bedroom | $1,070 | $2,570 | $3,640 |
| 3 Bedroom | -$30 | $4,750 | $4,720 |
| 4 Bedroom | $560 | $4,500 | $5,060 |
Affordability — Wading River, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $731,000 |
| Median Household Income | $147,000 |