Real Estate Investing in Farmingville, New York (11738)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11738 (Farmingville, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Farmingville, NY (11738)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11738 Farmingville
This part of Suffolk County is not an easy win. The 11738 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $3,984/mo on a $669K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11738 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Farmingville have seen price recovery that 11738 has not matched. Suffolk County data supports the view that the spread is structural rather than temporary.
Employment concentration in 11738 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 11738 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Farmingville:
Property Strategy for 11738
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $488,076 | $3,410 | 5.0% | +8.2% | $244,038 |
| 3BR | $604,869 | $4,420 | 5.3% | +9.1% | $201,623 |
| 4BR | $677,415 | $4,680 | 5.0% | +8.9% | $169,354 |
| 5BR | $699,649 | — | — | +8.9% | $139,930 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11738 Compare?
| Metric | 11738 | Farmingville | New York |
|---|---|---|---|
| Home Value | $668,812 | $668,812 | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | 6.6% |
| Avg Rent | $3,984 | $3,984 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 11738 (Farmingville, 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 | $668,812 |
| Monthly Rent | $3,984 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 11738
Population: 20,246
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 11738
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WAVERLY AVENUE SCHOOL
SAGAMORE MIDDLE SCHOOL
CHIPPEWA ELEMENTARY 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 do home values compare in Farmingville, NY?
Farmingville, NY home values average about $669K. That price point suits investors targeting rentals with $3,984/mo in monthly income.
What kind of tenants rent in Farmingville, NY?
The tenant pool in Farmingville, NY is solid, supported by local employment and population fundamentals. Rents of $3,984/mo are well-absorbed by the market.
How should investors approach Farmingville, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Farmingville, NY. The numbers - $669K homes against $3,984/mo rents - support that play.
How strong is Farmingville, NY for real estate investors?
Farmingville, NY stands at an investability rating of 3.0/5, with median home values near $669K and average rents around $3,984/mo. That combination puts it in the resilient tier for investor interest.
What is it like being a landlord in Farmingville, NY?
Farmingville, NY operates under NY law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
You know 11738 now. You don’t know where it ranks.
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How 11738 ranks in New York-Newark-Jersey City, NY-NJ-PA
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