Centereach, NY 11720 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Centereach, NY—11720

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$617,000

4.2% YoY Growth

Household Income

$128,000

20.8% YoY Growth

Days on Market

68.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,860

0.9% YoY Growth

1-Bed Rent

$2,280

15.9% YoY Growth

2-Bed Rent

$3,980

24.7% YoY Growth

3-Bed Rent

$3,500

13.4% YoY Growth

Home Price Trends — Centereach, NY

As of Nov '25, the median home price in Centereach, NY is $617,000, with a year-over-year change of 4.2%. This indicates that home prices in Centereach, NY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$617,000	4.2%
Single Family	$617,000	4.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Centereach, NY

As of July '25, Rentcast reports the average rent in Centereach, NY is $3,210, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Centereach, NY is studios: $1,600, 1-bedrooms: $2,700, 2-bedrooms: $3,380, 3-bedrooms: $3,500, 4-bedrooms: $4,680. The most common rental property sizes in Centereach, NY are 1-bedroom and 2-bedroom, accounting for 33.8% and 27.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,860	$3,210
Studio Rent	$1,600	$1,600
1 Bed Rent	$2,280	$2,700
2 Bed Rent	$3,980	$3,380
3 Bed Rent	$3,500	$3,500
4 Bed Rent	$4,500	$4,680

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% of Rental Stock

Studio

1.8%

1 Bedroom

33.8%

2 Bedrooms

27.4%

3 Bedrooms

24.1%

4 Bedrooms

11.4%

5+ Bedrooms

1.5%

Property Listings — Centereach, NY

As of Nov '25, Realtor.com reports that the median days on market for a home in Centereach, NY is 61. This is a increase of 68.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$654,000	5.0%
Listing Count	106	27.0%
Listings as % of Homes	0.7%	27.0%
Days on Market	61	68.0%

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Demographics — Centereach, NY

As of the latest ACS Survey released in 2023, Centereach, NY has a population of 28,700, which has remained stable by 0.4% over the past 5 years. Centereach, NY is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,700	0.4%
% Under 18	23.4%	6.8%
% Seniors	14.5%	8.2%
% WFH	9.7%	438.9%
% w/ College Degree	35.3%	4.4%

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As of the latest ACS Survey released in 2023, Centereach, NY is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Centereach, NY is hispanic, making up 14.9% of the population. Foreign-born residents account for 14.6% of the population in Centereach, NY, and this percentage has increased by 14.1% 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	69.4%	-9.0%
% Black	6.3%	133.3%
% Hispanic	14.9%	8.0%
% Asian	7.0%	27.3%
% Foreign Born	14.6%	14.1%

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Mortgage and Risk — Centereach, NY

According to HUD data as of 2023, there were 352 mortgage originations in Centereach, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Centereach, NY. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	352
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	18.0%

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Rentals and Section 8 — Centereach, NY

As of 2024, the percent of homes in Centereach, NY under the Section 8 program is 2.6%. 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 Centereach, 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	56
Total Units Section 8	40
% Rentals under Section 8	2.6%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$2,280	$2,240
2 Bedroom	-$1,390	$3,980	$2,590
3 Bedroom	-$140	$3,500	$3,360
4 Bedroom	-$900	$4,500	$3,600

Centereach, NY—11720

Key Metrics at a Glance

Home Price Trends — Centereach, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Centereach, NY

% of Rental Stock

Property Listings — Centereach, NY

Demographics — Centereach, NY

Race and Ethnicity

Mortgage and Risk — Centereach, NY

Mortgages

Rentals and Section 8 — Centereach, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Centereach, NY

Home Price to Income Ratio

Centereach, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lake Grove, NY

Selden, NY

Farmingville, NY

Port Jefferson Station, NY

Stony Brook, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$617,000
Median Household Income	$128,000

Centereach, NY—11720

Key Metrics at a Glance

Home Price Trends — Centereach, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Centereach, NY

% of Rental Stock

Property Listings — Centereach, NY

Demographics — Centereach, NY

Race and Ethnicity

Mortgage and Risk — Centereach, NY

Mortgages

Rentals and Section 8 — Centereach, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Centereach, NY

Home Price to Income Ratio

Centereach, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lake Grove, NY

Selden, NY

Farmingville, NY

Port Jefferson Station, NY

Stony Brook, NY

Frequently Asked Questions

What is the average home price in Centereach, NY 11720?

How have home prices in Centereach, NY 11720 changed over the past year?

What is the home price projection for Centereach, NY 11720?

What are the demographics of Centereach, NY 11720?

How long does it take homes to sell in Centereach, NY 11720?

What is the average rent price in Centereach, NY 11720?