Miller Place, NY 11764 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Miller Place, NY—11764

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$697,000

3.7% YoY Growth

Household Income

$142,000

15.6% YoY Growth

Days on Market

67.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,250

3.0% YoY Growth

1-Bed Rent

$2,250

2.8% YoY Growth

2-Bed Rent

$2,500

N/A

3-Bed Rent

N/A

Home Price Trends — Miller Place, NY

As of Nov '25, the median home price in Miller Place, NY is $697,000, with a year-over-year change of 3.7%. This indicates that home prices in Miller Place, NY are increasing. 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	$697,000	3.7%
Single Family	$704,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Miller Place, NY

As of July '25, Rentcast reports the average rent in Miller Place, NY is $2,240, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Miller Place, NY is studios: $2,040, 1-bedrooms: $2,230, 2-bedrooms: $2,500. The most common rental property sizes in Miller Place, NY are 2-bedroom and 1-bedroom, accounting for 47.7% and 21.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$2,240
Studio Rent	$2,040	$2,040
1 Bed Rent	$2,250	$2,230
2 Bed Rent	$2,500	$2,500
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

21.2%

2 Bedrooms

47.7%

3 Bedrooms

18.9%

4 Bedrooms

10.0%

5+ Bedrooms

2.3%

Property Listings — Miller Place, NY

As of Nov '25, Realtor.com reports that the median days on market for a home in Miller Place, NY is 78. This is a increase of 67.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$749,000	0.0%
Listing Count	58	52.0%
Listings as % of Homes	0.6%	52.0%
Days on Market	78	67.0%

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Demographics — Miller Place, NY

As of the latest ACS Survey released in 2023, Miller Place, NY has a population of 12,500, which has decreased by -1.5% over the past 5 years. Miller Place, NY is a moderately popular place for families, as children make up 22.8% of the population. The area has a highly educated workforce, with 47.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,500	-1.5%
% Under 18	22.8%	-14.9%
% Seniors	19.1%	33.6%
% WFH	12.1%	120.0%
% w/ College Degree	47.5%	3.3%

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As of the latest ACS Survey released in 2023, Miller Place, NY is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Miller Place, NY is hispanic, making up 12.6% of the population. Foreign-born residents account for 4.8% of the population in Miller Place, NY, and this percentage has decreased by 25.0% 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	80.8%	-8.5%
% Black	0.6%	20.0%
% Hispanic	12.6%	55.6%
% Asian	3.1%	47.6%
% Foreign Born	4.8%	-25.0%

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Mortgage and Risk — Miller Place, NY

According to HUD data as of 2023, there were 138 mortgage originations in Miller Place, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Miller Place, NY. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	138
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	20.0%

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Rentals and Section 8 — Miller Place, NY

Miller Place, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$200	$2,250	$2,450
2 Bedroom	$330	$2,500	$2,830
3 Bedroom	N/A	N/A	$3,670
4 Bedroom	N/A	N/A	$3,930

Miller Place, NY—11764

Key Metrics at a Glance

Home Price Trends — Miller Place, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Miller Place, NY

% of Rental Stock

Property Listings — Miller Place, NY

Demographics — Miller Place, NY

Race and Ethnicity

Mortgage and Risk — Miller Place, NY

Mortgages

Rentals and Section 8 — Miller Place, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Miller Place, NY

Home Price to Income Ratio

Miller Place, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Sound Beach, NY

Mount Sinai, NY

Rocky Point, NY

Middle Island, NY

Coram, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$697,000
Median Household Income	$142,000

Miller Place, NY—11764

Key Metrics at a Glance

Home Price Trends — Miller Place, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Miller Place, NY

% of Rental Stock

Property Listings — Miller Place, NY

Demographics — Miller Place, NY

Race and Ethnicity

Mortgage and Risk — Miller Place, NY

Mortgages

Rentals and Section 8 — Miller Place, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Miller Place, NY

Home Price to Income Ratio

Miller Place, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Sound Beach, NY

Mount Sinai, NY

Rocky Point, NY

Middle Island, NY

Coram, NY

Frequently Asked Questions

What is the average home price in Miller Place, NY 11764?

How have home prices in Miller Place, NY 11764 changed over the past year?

What is the home price projection for Miller Place, NY 11764?

What are the demographics of Miller Place, NY 11764?

How long does it take homes to sell in Miller Place, NY 11764?

What is the average rent price in Miller Place, NY 11764?