Real Estate Investing in Shelter Island, New York (11964)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11964 (Shelter Island, 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.
- High vacancy: 53.4% 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 45.1 — 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 Shelter Island, NY (11964)?
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Market Analysis: 11964 Shelter Island
This part of Suffolk County is not an easy win. The 11964 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 11964 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 11964's metrics run below Suffolk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 11964 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 11964 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Shelter Island:
Property Strategy for 11964
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $1,069,283 | $3,680 | 2.5% | +10.9% | $534,642 |
| 3BR | $1,444,313 | $4,770 | 2.4% | +11.2% | $481,438 |
| 4BR | $2,147,813 | $5,040 | 1.7% | +11.2% | $536,953 |
| 5BR | $3,745,260 | — | — | +12.1% | $749,052 |
Market Trends
Home Value History (with trend line)
📊 How Does 11964 Compare?
| Metric | 11964 | Shelter Island | New York |
|---|---|---|---|
| Home Value | $1,794,059 | $1,936,993 | $505,608 |
| 5-Year CAGR | 8.0% | 7.9% | 6.6% |
| Avg Rent | $3,312 | $2,966 | - |
| Cap Rate | 1.4% | 1.2% | - |
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 11964 (Shelter Island, 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 | $1,794,059 |
| Monthly Rent | $3,312 |
| Price-to-Rent | 45.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (1.4%). 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 11964
Population: 2,858
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 11964
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
How do home values compare in Shelter Island, NY?
Shelter Island, NY home values average about $1.8M. That price point suits investors targeting rentals with $3,312/mo in monthly income.
How qualified is the tenant pool in Shelter Island, NY?
Tenant quality in Shelter Island, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $3,312/mo.
What is the investability score for Shelter Island, NY?
Shelter Island, NY scores 3.0/5 for investability. Home values sit at $1.8M and rents near $3,312/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Shelter Island, NY good for landlords?
Landlord-friendliness in Shelter Island, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What real estate strategy is ideal for Shelter Island, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Shelter Island, NY. With home values at $1.8M and rents near $3,312/mo, other strategies can work but produce reliable rather than outsized returns.
You know 11964 now. You don’t know where it ranks.
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How 11964 ranks in New York-Newark-Jersey City, NY-NJ-PA
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