Riverhead, NY—11901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverhead, NY
As of Oct '25, the median home price in Riverhead, NY is $624,000, with a year-over-year change of 2.5%. This indicates that home prices in Riverhead, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $624,000 | 2.5% |
| Single Family | $638,000 | 2.7% |
| Condos | $520,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $422,000 | 1.4% |
2 Bed | $499,000 | 1.8% |
3 Bed | $632,000 | 2.4% |
4 Bed | $773,000 | 3.8% |
| 5 Bed | $860,000 | 3.6% |
% of Housing Stock
Rental Trends — Riverhead, NY
As of July '25, Rentcast reports the average rent in Riverhead, NY is $3,230, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in Riverhead, NY is studios: $2,000, 1-bedrooms: $2,270, 2-bedrooms: $3,480, 3-bedrooms: $5,210, 4-bedrooms: $4,320. The most common rental property sizes in Riverhead, NY are 2-bedroom and 3-bedroom, accounting for 35.1% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,770 | $3,230 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,120 | $2,270 |
| 2 Bed Rent | $3,200 | $3,480 |
| 3 Bed Rent | $4,000 | $5,210 |
| 4 Bed Rent | $4,280 | $4,320 |
% of Rental Stock
Property Listings — Riverhead, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverhead, NY is 51. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 29.0% |
Listing Count | 89 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 51 | -2.0% |
Demographics — Riverhead, NY
As of the latest ACS Survey released in 2023, Riverhead, NY has a population of 32,900, which has increased by 19.8% over the past 5 years. Riverhead, NY is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | 19.8% |
% Under 18 | 19.9% | 9.9% |
% Seniors | 24.6% | 14.4% |
% WFH | 4.9% | -14.0% |
% w/ College Degree | 21.4% | 2.9% |
As of the latest ACS Survey released in 2023, Riverhead, NY is a predominantly white area, with 51.9% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Riverhead, NY is hispanic, making up 29.1% of the population. Foreign-born residents account for 24.9% of the population in Riverhead, 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 | 51.9% | -10.2% |
% Black | 10.9% | -33.5% |
% Hispanic | 29.1% | 21.2% |
% Asian | 2.6% | 116.7% |
% Foreign Born | 24.9% | 22.1% |
Mortgage and Risk — Riverhead, NY
According to HUD data as of 2023, there were 291 mortgage originations in Riverhead, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Riverhead, NY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 291 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Riverhead, NY
As of 2024, the percent of homes in Riverhead, NY under the Section 8 program is 24.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Riverhead, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 825 |
Total Units Section 8 | 825 |
% Rentals under Section 8 | 24.4% |
% Occupied Section 8 | 75.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $2,120 | $2,010 |
| 2 Bedroom | -$880 | $3,200 | $2,320 |
| 3 Bedroom | -$990 | $4,000 | $3,010 |
| 4 Bedroom | -$1,060 | $4,280 | $3,220 |
Affordability — Riverhead, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $624,000 |
| Median Household Income | $83,300 |