Real Estate Investing in Smithtown, New York (11787)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11787 (Smithtown, 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.
- High price-to-rent: Price-to-rent ratio 29.5 — hard to cash-flow at these prices.
What’s happening in Smithtown, NY (11787)?
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Market Analysis: 11787 Smithtown
Investors eyeing 11787 need to respect the fundamentals at play. Home values of $826K come alongside slower price movement and elevated management overhead.
The 11787 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Smithtown have seen price recovery that 11787 has not matched. Suffolk County data supports the view that the spread is structural rather than temporary.
Resident income in 11787 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 Smithtown's stable or hybrid ZIPs before stepping into 11787. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Smithtown:
Property Strategy for 11787
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $613,740 | $3,160 | 3.7% | +9.0% | $306,870 |
| 3BR | $734,444 | $4,100 | 4.0% | +8.3% | $244,815 |
| 4BR | $845,966 | $4,330 | 3.7% | +8.4% | $211,492 |
| 5BR | $949,421 | — | — | +8.3% | $189,884 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11787 Compare?
| Metric | 11787 | Smithtown | New York |
|---|---|---|---|
| Home Value | $826,083 | $826,083 | $505,608 |
| 5-Year CAGR | 6.5% | 6.5% | 6.6% |
| Avg Rent | $2,336 | $2,336 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 11787 (Smithtown, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11787 (Smithtown, NY)?
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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 | $826,083 |
| Monthly Rent | $2,336 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.2%). 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 11787
Population: 34,656
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 11787
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
BRETTON WOODS ELEMENTARY SCHOOL
HAUPPAUGE MIDDLE SCHOOL
HAUPPAUGE HIGH 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 2,761 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Smithtown, NY?
Expect rents around $2,336/mo per month in Smithtown, NY. With home values at $826K, the yield math works out to reasonable levels for rental investors.
Is Smithtown, NY good for house hacking?
House hacking works a challenging in Smithtown, NY. Rents of $2,336/mo against $826K acquisition make the strategy solid for owner-occupants.
Do rentals sit vacant long in Smithtown, NY?
Smithtown, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
How expensive is real estate in Smithtown, NY?
Typical homes in Smithtown, NY go for around $826K. The 5-year CAGR of 0.0% measured price movement.
Is Smithtown, NY a good market for buy-and-hold investors?
The 3.0/5 investability rating in Smithtown, NY reflects its $826K prices and $2,336/mo rents. Investors generally consider it a solid option within NY.
You know 11787 now. You don’t know where it ranks.
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How 11787 ranks in New York-Newark-Jersey City, NY-NJ-PA
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