Real Estate Investing in East Moriches, New York (11940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11940 (East Moriches, 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.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 26.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in East Moriches, NY (11940)?
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Market Analysis: 11940 East Moriches
This part of Suffolk County is not an easy win. The 11940 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $787K purchase price, 0.0% nominal cap — the work to hit that pro forma in 11940 is substantial and deserves full respect.
Turning to rents, 11940 offers a low basis, the region around East Moriches 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 11940 includes headwinds that any investor should price in. Income distribution skews lower than East Moriches averages, and tenant stability requires active management.
New investors are better served looking at East Moriches's stable or hybrid ZIPs before stepping into 11940. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in East Moriches:
Property Strategy for 11940
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $705,748 | $3,590 | 3.7% | +9.8% | $235,249 |
| 4BR | $861,561 | $3,800 | 3.2% | +8.5% | $215,390 |
Market Trends
Home Value History (with trend line)
📊 How Does 11940 Compare?
| Metric | 11940 | East Moriches | New York |
|---|---|---|---|
| Home Value | $786,722 | $786,722 | $505,608 |
| 5-Year CAGR | 5.7% | 5.7% | 6.6% |
| Avg Rent | $2,493 | $2,493 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11940 (East Moriches, 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 | $786,722 |
| Monthly Rent | $2,493 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.5%). 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 11940
Population: 5,508
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 11940
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EASTPORT ELEMENTARY SCHOOL
CENTER MORICHES MIDDLE SCHOOL
TUTTLE AVENUE SCHOOL
CENTER MORICHES HIGH SCHOOL
CLAYTON HUEY ELEMENTARY SCHOOL
About Repit School Scores
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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
Frequently Asked Questions
What kind of market is East Moriches, NY for investors?
Investors tracking East Moriches, NY will find a 3.0/5 rating supported by $787K median home values and $2,493/mo rents. That profile suits long-term holders targeting even-keeled returns.
Is the tenant base reliable in East Moriches, NY?
The renter base in East Moriches, NY is reasonable for the $2,493/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is vacancy a concern in East Moriches, NY?
Expect elevated vacancy in East Moriches, NY. Rents at $2,493/mo are absorbed by the tenant base without meaningful lag.
What real estate strategy is ideal for East Moriches, NY?
East Moriches, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($787K prices, $2,493/mo rents) make it a reasonable choice.
What are rental rates like in East Moriches, NY?
Average rent in East Moriches, NY is approximately $2,493/mo per month. Against $787K home values that yields a reasonable rent-to-price ratio.
You know 11940 now. You don’t know where it ranks.
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How 11940 ranks in New York-Newark-Jersey City, NY-NJ-PA
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