Real Estate Investing in Melville, New York (11747)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11747 (Melville, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 Melville, NY (11747)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11747 Melville
ZIP 11747 inside Suffolk County looks affordable on the surface — median value of $902K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 11747 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NY, ZIP 11747 trails on several market indicators that neighboring Suffolk County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 11747 ZIP's population of 19,826 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Melville:
Property Strategy for 11747
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $709,371 | $3,730 | 3.8% | +4.9% | $354,686 |
| 3BR | $873,979 | $4,840 | 4.0% | +7.1% | $291,326 |
| 4BR | $1,048,657 | $5,120 | 3.5% | +10.0% | $262,164 |
| 5BR | $1,543,377 | — | — | +9.1% | $308,675 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11747 Compare?
| Metric | 11747 | Melville | New York |
|---|---|---|---|
| Home Value | $901,605 | $901,605 | $505,608 |
| 5-Year CAGR | 3.6% | 3.6% | 6.6% |
| Avg Rent | $4,000 | $4,000 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 11747 (Melville, 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 | $901,605 |
| Monthly Rent | $4,000 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (3.5%). 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 11747
Population: 19,826
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 11747
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MILTON L OLIVE MIDDLE SCHOOL
LAFRANCIS HARDIMAN ELEMENTARY SCHOOL
MARTIN LUTHER KING ELEMENTARY SCHOOL
WYANDANCH MEMORIAL HIGH SCHOOL
ACADEMY CHARTER SCHOOL 2 (THE)
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 1,804 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Melville, NY?
Vacancy risk in Melville, NY is elevated. That supports predictable cash flow for typical rental holds.
Is Melville, NY a smart market for rental property?
Investors tracking Melville, NY will find a 3.0/5 rating supported by $902K median home values and $4,000/mo rents. That profile suits long-term holders targeting consistent returns.
How expensive is real estate in Melville, NY?
Typical homes in Melville, NY go for around $902K. The 5-year CAGR of 0.0% even-keeled price movement.
Are eviction rules reasonable in Melville, NY?
Landlord-friendliness in Melville, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are tenants stable in Melville, NY?
The renter base in Melville, NY is reasonable for the $4,000/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 11747 now. You don’t know where it ranks.
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How 11747 ranks in New York-Newark-Jersey City, NY-NJ-PA
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