Southold, NY—11971
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southold, NY
As of Oct '25, the median home price in Southold, NY is $1,100,000, with a year-over-year change of -1.3%. This indicates that home prices in Southold, NY are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,100,000 | -1.3% |
| Single Family | $1,111,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $759,000 | -0.1% |
3 Bed | $1,054,000 | 0.9% |
4 Bed | $1,387,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southold, NY
As of July '25, Rentcast reports the average rent in Southold, NY is $6,220, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Southold, NY is 1-bedrooms: $3,250, 2-bedrooms: $4,340, 3-bedrooms: $7,660, 4-bedrooms: $7,040. The most common rental property sizes in Southold, NY are 3-bedroom and 1-bedroom, accounting for 69.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,000 | $6,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,250 | $3,250 |
| 2 Bed Rent | $4,000 | $4,340 |
| 3 Bed Rent | $7,000 | $7,660 |
| 4 Bed Rent | $6,250 | $7,040 |
% of Rental Stock
Property Listings — Southold, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Southold, NY is 129. This is a increase of 41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,690,000 | 12.0% |
Listing Count | 65 | -1.0% |
| Listings as % of Homes | 0.9% | -1.0% |
Days on Market | 129 | 41.0% |
Demographics — Southold, NY
As of the latest ACS Survey released in 2023, Southold, NY has a population of 6,510, which has increased by 4.4% over the past 5 years. Southold, NY is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,510 | 4.4% |
% Under 18 | 21.3% | 25.3% |
% Seniors | 27.2% | -10.2% |
% WFH | 12.7% | 126.8% |
% w/ College Degree | 52.8% | 33.0% |
As of the latest ACS Survey released in 2023, Southold, NY is a predominantly white area, with 78.5% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Southold, NY is hispanic, making up 14.4% of the population. Foreign-born residents account for 14.1% of the population in Southold, NY, and this percentage has increased by 24.8% 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 | 78.5% | -12.6% |
% Black | 0.8% | 300.0% |
% Hispanic | 14.4% | 63.6% |
% Asian | 3.9% | 333.3% |
% Foreign Born | 14.1% | 24.8% |
Mortgage and Risk — Southold, NY
According to HUD data as of 2023, there were 93 mortgage originations in Southold, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Southold, NY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 34.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Southold, NY
As of 2024, the percent of homes in Southold, NY under the Section 8 program is 4.2%. 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. In Southold, 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 | 26 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,140 | $3,250 | $2,110 |
| 2 Bedroom | -$1,560 | $4,000 | $2,440 |
| 3 Bedroom | -$3,840 | $7,000 | $3,160 |
| 4 Bedroom | -$2,860 | $6,250 | $3,390 |
Affordability — Southold, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $1,100,000 |
| Median Household Income | $124,000 |