Real Estate Investing in Hauppauge, New York (11788)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11788 (Hauppauge, 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 Hauppauge, NY (11788)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11788 Hauppauge
Looking more closely, ZIP 11788 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $807K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $807K purchase price, 0.0% nominal cap — the work to hit that pro forma in 11788 is substantial and deserves full respect.
On balance, 11788 offers a low basis, the region around Hauppauge has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 11788 includes headwinds that any investor should price in. Income distribution skews lower than Hauppauge averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 11788 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Hauppauge:
Property Strategy for 11788
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $638,042 | $3,230 | 3.6% | +9.0% | $319,021 |
| 3BR | $733,048 | $4,190 | 4.1% | +8.5% | $244,349 |
| 4BR | $824,388 | $4,430 | 3.9% | +7.9% | $206,097 |
| 5BR | $904,512 | — | — | +7.8% | $180,902 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11788 Compare?
| Metric | 11788 | Hauppauge | New York |
|---|---|---|---|
| Home Value | $806,774 | $806,774 | $505,608 |
| 5-Year CAGR | 6.6% | 6.6% | 6.6% |
| Avg Rent | $3,157 | $3,157 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 11788 (Hauppauge, 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 | $806,774 |
| Monthly Rent | $3,157 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 11788
Population: 17,092
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 11788
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ACCOMPSETT MIDDLE SCHOOL
FOREST BROOK ELEMENTARY SCHOOL
PINES ELEMENTARY SCHOOL
ACCOMPSETT ELEMENTARY SCHOOL
ANDREW T MORROW 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 Hauppauge, NY?
Expect rents around $3,157/mo per month in Hauppauge, NY. With home values at $807K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in Hauppauge, NY?
Hauppauge, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Is Hauppauge, NY a good place for real estate investing?
Hauppauge, NY rates 3.0/5 for investability. With median values at $807K and rents near $3,157/mo, the market offers reasonable fundamentals for rental investors.
Is house hacking profitable in Hauppauge, NY?
The house hack math a challenging in Hauppauge, NY. Owner-occupant buyers benefit from the $3,157/mo rents and $807K home values.
What strategy should investors use in Hauppauge, NY?
Hauppauge, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($807K prices, $3,157/mo rents) make it a reasonable choice.
You know 11788 now. You don’t know where it ranks.
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How 11788 ranks in New York-Newark-Jersey City, NY-NJ-PA
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