Centereach, NY—11720
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centereach, NY
As of Oct '25, the median home price in Centereach, NY is $627,000, with a year-over-year change of 4.3%. 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 | $627,000 | 4.3% |
| Single Family | $627,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $597,000 | 4.6% |
4 Bed | $669,000 | 4.5% |
| 5 Bed | $702,000 | 4.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Centereach, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Centereach, NY is 40. This is a increase of 46.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $654,000 | 4.0% |
Listing Count | 110 | 31.0% |
| Listings as % of Homes | 0.7% | 31.0% |
Days on Market | 40 | 46.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Centereach, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $627,000 |
| Median Household Income | $128,000 |