Real Estate Investing in Shelter Island, New York (11965)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11965 (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: 60.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 38.8% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 66.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • 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 (11965)?
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Market Analysis: 11965 Shelter Island
This part of Suffolk County is not an easy win. The 11965 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $2.1M purchase price, 0.0% nominal cap — the work to hit that pro forma in 11965 is substantial and deserves full respect.
Regionally, 11965 sits on the difficult end of the NY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 11965 ZIP's population of 421 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 11965 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 11965
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,529,393 | $3,780 | 1.8% | +11.2% | $509,798 |
| 4BR | $2,229,310 | $4,000 | 1.3% | +11.3% | $557,328 |
| 5BR | $3,684,389 | — | — | — | $736,878 |
Market Trends
Home Value History (with trend line)
📊 How Does 11965 Compare?
| Metric | 11965 | Shelter Island | New York |
|---|---|---|---|
| Home Value | $2,079,927 | $1,936,993 | $505,608 |
| 5-Year CAGR | 7.9% | 7.9% | 6.6% |
| Avg Rent | $2,619 | $2,966 | - |
| Cap Rate | 1.0% | 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 11965 (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 | $2,079,927 |
| Monthly Rent | $2,619 |
| Price-to-Rent | 66.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.5% |
| Cap Rate | 1.0% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (1.0%). 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 11965
Population: 421
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 11965
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
GREENPORT HIGH SCHOOL
GREENPORT ELEMENTARY SCHOOL
SHELTER ISLAND 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.
Frequently Asked Questions
Should investors consider Shelter Island, NY?
Investors tracking Shelter Island, NY will find a 3.0/5 rating supported by $2.1M median home values and $2,619/mo rents. That profile suits long-term holders targeting measured returns.
What do landlords charge for rent in Shelter Island, NY?
Rental rates in Shelter Island, NY average $2,619/mo. Tenant demand and $2.1M home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Shelter Island, NY?
Shelter Island, NY draws a consistent base of working renters. Demand at the $2,619/mo rent level is reasonable for standard single-family and small multi rentals.
Do landlords face vacancy issues in Shelter Island, NY?
Vacancy in Shelter Island, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,619/mo.
Is rental property easy to operate in Shelter Island, NY?
Shelter Island, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 11965 now. You don’t know where it ranks.
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How 11965 ranks in New York-Newark-Jersey City, NY-NJ-PA
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