Real Estate Investing in Miller Place, New York (11764)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11764 (Miller Place, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Miller Place, NY (11764)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11764 Miller Place
The 11764 ZIP covers a section of Miller Place that demands careful diligence. Prices near $745K look accessible, but the work to make a deal cash flow is real.
Rent of $2,790/mo on a $745K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11764 sits below the stated 0.0% once reality is priced in.
Within NY, ZIP 11764 trails on several market indicators that neighboring Suffolk County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Meanwhile, 12,530 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 11764 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Miller Place:
Property Strategy for 11764
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $650,048 | $4,020 | 4.5% | +9.4% | $216,683 |
| 4BR | $776,207 | $4,250 | 3.9% | +8.9% | $194,052 |
| 5BR | $923,385 | — | — | +9.2% | $184,677 |
Market Trends
Home Value History (with trend line)
📊 How Does 11764 Compare?
| Metric | 11764 | Miller Place | New York |
|---|---|---|---|
| Home Value | $744,768 | $744,768 | $505,608 |
| 5-Year CAGR | 6.1% | 6.1% | 6.6% |
| Avg Rent | $2,790 | $2,790 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 11764 (Miller Place, 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 | $744,768 |
| Monthly Rent | $2,790 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.9%). 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 11764
Population: 12,530
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 11764
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FRANK J CARASITI ELEMENTARY SCHOOL
JOSEPH A EDGAR IMTERMEDIATE SCHOOL
MOUNT SINAI MIDDLE SCHOOL
ROBERT M GRABLE JR MOUNT SINAI HIGH SCHOOL
ROCKY POINT MIDDLE 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
What real estate strategy is ideal for Miller Place, NY?
A careful cash-flow rentals with hands-on management strategy Miller Place, NY best. The market produces even-keeled results for that approach at the $745K price point.
Is the tenant base reliable in Miller Place, NY?
Working renters make up the core of the Miller Place, NY tenant base. The pool is reasonable for investors targeting long-term holds.
How expensive is real estate in Miller Place, NY?
Expect median prices around $745K in Miller Place, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is it like being a landlord in Miller Place, NY?
Rental owners in Miller Place, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How much rent can I charge in Miller Place, NY?
Investors in Miller Place, NY typically see rents near $2,790/mo per month against $745K home values - a solid setup for rental cash flow.
You know 11764 now. You don’t know where it ranks.
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How 11764 ranks in New York-Newark-Jersey City, NY-NJ-PA
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