Real Estate Investing in Centereach, New York (11720)
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Should you buy in 11720 (Centereach, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Centereach, NY (11720)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11720 Centereach
Investors eyeing 11720 need to respect the fundamentals at play. Home values of $667K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11720 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 11720 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 11720 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Centereach's stable or hybrid ZIPs before stepping into 11720. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Centereach:
Property Strategy for 11720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $597,277 | $3,520 | 4.2% | +9.4% | $199,092 |
| 4BR | $669,386 | $3,720 | 4.0% | +9.3% | $167,346 |
| 5BR | $702,385 | — | — | +9.0% | $140,477 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11720 Compare?
| Metric | 11720 | Centereach | New York |
|---|---|---|---|
| Home Value | $666,661 | $666,661 | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | 6.6% |
| Avg Rent | $4,159 | $4,159 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11720 (Centereach, NY). Anonymous, moderated, never written by AI.
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Property managers serving Suffolk County
Manage rentals here? List your business →CXA Management provides property management services. summary from their website
Eminent Properties Ltd is a property management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $666,661 |
| Monthly Rent | $4,159 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +28.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11720
Population: 28,669
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11720
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CAYUGA SCHOOL
WENONAH SCHOOL
EUGENE AUER MEMORIAL SCHOOL
HAWKINS PATH SCHOOL
STAGECOACH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,927 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How deep is the rental pool in Centereach, NY?
Centereach, NY offers a steady renter base at the $4,159/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Centereach, NY?
NY law tenant-protective for landlords, and Centereach inherits those rules. Investors should still review local ordinances for rental licensing.
How viable is house hacking in Centereach, NY?
House hacking works a challenging in Centereach, NY. Rents of $4,159/mo against $667K acquisition make the strategy solid for owner-occupants.
What is the average monthly rent in Centereach, NY?
Rental rates in Centereach, NY average $4,159/mo. Tenant demand and $667K home values make the yield look reasonable by investor standards.
How high is vacancy risk in Centereach, NY?
Occupancy in Centereach, NY runs consistent with elevated vacancy. Well-priced units at $4,159/mo lease on reasonable timelines.
You know 11720 now. You don’t know where it ranks.
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How 11720 ranks in New York-Newark-Jersey City, NY-NJ-PA
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