Shelter Island—11964
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Shelter Island
Home Price Trends — Shelter Island
As of Oct '25, the median home price in Shelter Island is $1,688,000, with a year-over-year change of 5.3%. This indicates that home prices in Shelter Island 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 | $1,688,000 | 5.3% |
| Single Family | $1,698,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,069,000 | 3.1% |
3 Bed | $1,444,000 | 5.4% |
4 Bed | $2,148,000 | 5.3% |
| 5 Bed | $3,745,000 | 6.6% |
% of Housing Stock
Rental Trends — Shelter Island
As of July '25, Rentcast reports the average rent in Shelter Island is $6,620, with a year-over-year rent change of -17.9%. Per bedroom, the median rent as of July '25 in Shelter Island is 2-bedrooms: $8,000, 3-bedrooms: $6,170. The most common rental property sizes in Shelter Island are 2-bedroom and studio, accounting for 100.0% and 0.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $7,000 | $6,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $8,000 | $8,000 |
| 3 Bed Rent | $5,000 | $6,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelter Island
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelter Island is 148. This is a increase of 15.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,800,000 | 12.0% |
Listing Count | 74 | 9.0% |
| Listings as % of Homes | 1.5% | 9.0% |
Days on Market | 148 | 15.0% |
Demographics — Shelter Island
As of the latest ACS Survey released in 2023, Shelter Island has a population of 2,860, which has increased by 39.1% over the past 5 years. Shelter Island is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,860 | 39.1% |
% Under 18 | 22.3% | -6.3% |
% Seniors | 28.8% | -4.0% |
% WFH | 33.4% | 206.4% |
% w/ College Degree | 52.3% | -11.5% |
As of the latest ACS Survey released in 2023, Shelter Island is a predominantly white area, with 62.1% of the population identifying as white. The white population has shrunk by 28.9% in the last 5 years. The second most common race or ethnicity in Shelter Island is hispanic, making up 21.1% of the population. Foreign-born residents account for 14.6% of the population in Shelter Island, and this percentage has increased by 55.3% 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 | 62.1% | -28.9% |
% Black | 0.9% | ∞% |
% Hispanic | 21.1% | 157.3% |
% Asian | 6.1% | 2,950.0% |
% Foreign Born | 14.6% | 55.3% |
Mortgage and Risk — Shelter Island
According to HUD data as of 2023, there were 54 mortgage originations in Shelter Island, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Shelter Island. 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 | 54 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 44.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Shelter Island
Shelter Island lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,910 |
| 2 Bedroom | -$4,640 | $8,000 | $3,360 |
| 3 Bedroom | -$650 | $5,000 | $4,350 |
| 4 Bedroom | N/A | N/A | $4,670 |
Affordability — Shelter Island
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11 |
| Median Home Price | $1,688,000 |
| Median Household Income | $130,000 |