Real Estate Investing in Greenport, New York (11944)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11944 (Greenport, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 30.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 35.6 — 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 Greenport, NY (11944)?
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Market Analysis: 11944 Greenport
In practical terms, ZIP 11944 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $984K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $984K purchase price, 0.0% nominal cap — the work to hit that pro forma in 11944 is substantial and deserves full respect.
Statewide comparisons place 11944 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 11944 includes headwinds that any investor should price in. Income distribution skews lower than Greenport averages, and tenant stability requires active management.
Strategy in 11944 is an operator game, not a passive one. From a cash-flow lens, entry prices of $984K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Greenport:
Property Strategy for 11944
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $758,916 | $2,560 | 2.4% | +9.1% | $379,458 |
| 3BR | $1,029,071 | $3,320 | 2.3% | +9.5% | $343,024 |
| 4BR | $1,241,369 | $3,510 | 2.0% | +11.6% | $310,342 |
Market Trends
Home Value History (with trend line)
📊 How Does 11944 Compare?
| Metric | 11944 | Greenport | New York |
|---|---|---|---|
| Home Value | $983,663 | $983,663 | $505,608 |
| 5-Year CAGR | 4.9% | 4.9% | 6.6% |
| Avg Rent | $2,304 | $2,304 | - |
| Cap Rate | 1.8% | 1.8% | - |
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 11944 (Greenport, 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 | $983,663 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 35.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (1.8%). 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 11944
Population: 4,744
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 11944
Schools in This ZIP Code
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.
Frequently Asked Questions
What is the investability score for Greenport, NY?
The 3.0/5 investability rating in Greenport, NY reflects its $984K prices and $2,304/mo rents. Investors generally consider it a solid option within NY.
How much rent can I charge in Greenport, NY?
Rental rates in Greenport, NY average $2,304/mo. Tenant demand and $984K home values make the yield look reasonable by investor standards.
What is the rental occupancy rate in Greenport, NY?
Rental vacancy in Greenport, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Greenport, NY a good market for FHA house hackers?
The house hack math a challenging in Greenport, NY. Owner-occupant buyers benefit from the $2,304/mo rents and $984K home values.
What is the smart move for investors in Greenport, NY?
A careful cash-flow rentals with hands-on management strategy Greenport, NY best. The market produces predictable results for that approach at the $984K price point.
You know 11944 now. You don’t know where it ranks.
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How 11944 ranks in New York-Newark-Jersey City, NY-NJ-PA
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