Patchogue, NY—11772
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patchogue, NY
As of Oct '25, the median home price in Patchogue, NY is $580,000, with a year-over-year change of 3.3%. This indicates that home prices in Patchogue, NY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $580,000 | 3.3% |
| Single Family | $586,000 | 3.0% |
| Condos | $463,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | 3.6% |
2 Bed | $500,000 | 4.2% |
3 Bed | $582,000 | 3.6% |
4 Bed | $641,000 | 2.9% |
| 5 Bed | $685,000 | 3.5% |
% of Housing Stock
Rental Trends — Patchogue, NY
As of July '25, Rentcast reports the average rent in Patchogue, NY is $2,610, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Patchogue, NY is studios: $1,930, 1-bedrooms: $2,330, 2-bedrooms: $2,800, 3-bedrooms: $3,850, 4-bedrooms: $4,500. The most common rental property sizes in Patchogue, NY are 1-bedroom and 2-bedroom, accounting for 47.3% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,610 |
| Studio Rent | $1,880 | $1,930 |
| 1 Bed Rent | $2,340 | $2,330 |
| 2 Bed Rent | $2,840 | $2,800 |
| 3 Bed Rent | $4,000 | $3,850 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Patchogue, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Patchogue, NY is 50. This is a increase of 4.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 4.0% |
Listing Count | 167 | 38.0% |
| Listings as % of Homes | 0.4% | 38.0% |
Days on Market | 50 | 4.0% |
Demographics — Patchogue, NY
As of the latest ACS Survey released in 2023, Patchogue, NY has a population of 45,000, which has decreased by -2.1% over the past 5 years. Patchogue, NY is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,000 | -2.1% |
% Under 18 | 18.5% | -12.7% |
% Seniors | 16.1% | 8.1% |
% WFH | 7.4% | 208.3% |
% w/ College Degree | 32.7% | 21.6% |
As of the latest ACS Survey released in 2023, Patchogue, NY is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Patchogue, NY is hispanic, making up 23.6% of the population. Foreign-born residents account for 14.7% of the population in Patchogue, NY, and this percentage has decreased by 2.0% 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 | 65.8% | -2.9% |
% Black | 5.1% | 13.3% |
% Hispanic | 23.6% | -4.5% |
% Asian | 3.2% | 33.3% |
% Foreign Born | 14.7% | -2.0% |
Mortgage and Risk — Patchogue, NY
According to HUD data as of 2023, there were 546 mortgage originations in Patchogue, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Patchogue, NY. Investor activity is low, as 1.0% 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 | 546 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Patchogue, NY
As of 2024, the percent of homes in Patchogue, NY under the Section 8 program is 22.7%. 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. In Patchogue, 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 | 1,216 |
Total Units Section 8 | 1,182 |
% Rentals under Section 8 | 22.7% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,340 | $2,040 |
| 2 Bedroom | -$480 | $2,840 | $2,360 |
| 3 Bedroom | -$940 | $4,000 | $3,060 |
| 4 Bedroom | -$1,220 | $4,500 | $3,280 |
Affordability — Patchogue, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $580,000 |
| Median Household Income | $105,000 |