Shirley, NY—11967
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shirley, NY
As of Oct '25, the median home price in Shirley, NY is $528,000, with a year-over-year change of 5.1%. This indicates that home prices in Shirley, 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 | $528,000 | 5.1% |
| Single Family | $528,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $448,000 | 5.4% |
3 Bed | $518,000 | 5.5% |
4 Bed | $567,000 | 5.2% |
| 5 Bed | $600,000 | 5.6% |
% of Housing Stock
Rental Trends — Shirley, NY
As of July '25, Rentcast reports the average rent in Shirley, NY is $3,490, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Shirley, NY is studios: $4,000, 1-bedrooms: $1,380, 2-bedrooms: $2,700, 3-bedrooms: $3,820, 4-bedrooms: $3,760. The most common rental property sizes in Shirley, NY are 3-bedroom and 2-bedroom, accounting for 39.8% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,650 | $3,490 |
| Studio Rent | $4,000 | $4,000 |
| 1 Bed Rent | $1,700 | $1,380 |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $3,700 | $3,820 |
| 4 Bed Rent | $3,520 | $3,760 |
% of Rental Stock
Property Listings — Shirley, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Shirley, NY is 53. 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 5.0% |
Listing Count | 151 | 41.0% |
| Listings as % of Homes | 1.1% | 41.0% |
Days on Market | 53 | 15.0% |
Demographics — Shirley, NY
As of the latest ACS Survey released in 2023, Shirley, NY has a population of 27,300, which has decreased by -1.4% over the past 5 years. Shirley, NY is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | -1.4% |
% Under 18 | 22.5% | -7.0% |
% Seniors | 13.3% | 37.1% |
% WFH | 5.0% | 51.5% |
% w/ College Degree | 18.1% | -6.7% |
As of the latest ACS Survey released in 2023, Shirley, NY is a predominantly white area, with 59.4% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Shirley, NY is hispanic, making up 24.9% of the population. Foreign-born residents account for 11.7% of the population in Shirley, NY, and this percentage has decreased by 1.7% 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 | 59.4% | -9.3% |
% Black | 9.8% | 3.2% |
% Hispanic | 24.9% | 8.7% |
% Asian | 4.4% | 214.3% |
% Foreign Born | 11.7% | -1.7% |
Mortgage and Risk — Shirley, NY
According to HUD data as of 2023, there were 451 mortgage originations in Shirley, NY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Shirley, NY. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 451 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Shirley, NY
As of 2024, the percent of homes in Shirley, NY under the Section 8 program is 26.6%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Shirley, NY, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 223 |
Total Units Section 8 | 199 |
% Rentals under Section 8 | 26.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $660 | $1,700 | $2,360 |
| 2 Bedroom | $20 | $2,700 | $2,720 |
| 3 Bedroom | -$170 | $3,700 | $3,530 |
| 4 Bedroom | $260 | $3,520 | $3,780 |
Affordability — Shirley, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $528,000 |
| Median Household Income | $107,000 |