Real Estate Investing in Laurel, New York (11948)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11948 (Laurel, 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: 63.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 20.9% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 41.2 — 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 Laurel, NY (11948)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11948 Laurel
ZIP 11948 in Laurel, NY carries a impressive set of headwinds. Home values near $1.0M and rents of $2,097/mo sit inside a market where underwriting has to be tight.
Rent of $2,097/mo on a $1.0M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11948 sits below the stated 0.0% once reality is priced in.
Meanwhile, 11948 offers a low basis, the region around Laurel has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 11948 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 11948, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Laurel:
Market Trends
Home Value History (with trend line)
📊 How Does 11948 Compare?
| Metric | 11948 | Laurel | New York |
|---|---|---|---|
| Home Value | $1,035,706 | $1,035,706 | $505,608 |
| 5-Year CAGR | 5.2% | 5.2% | 6.6% |
| Avg Rent | $2,097 | $2,097 | - |
| Cap Rate | 1.6% | 1.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11948 (Laurel, 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 | $1,035,706 |
| Monthly Rent | $2,097 |
| Price-to-Rent | 41.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (1.6%). 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 11948
Population: 775
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 11948
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
MATTITUCK JUNIOR-SENIOR HIGH 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
How high is vacancy risk in Laurel, NY?
Vacancy risk in Laurel, NY is elevated. That supports consistent cash flow for typical rental holds.
How much do tenants pay in Laurel, NY?
Expect rents around $2,097/mo per month in Laurel, NY. With home values at $1.0M, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Laurel, NY?
Landlord-friendliness in Laurel, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Laurel, NY suited for a house hack?
For house hackers, Laurel, NY is a tougher. The $2,097/mo rent on a unit helps defray the mortgage on a $1.0M property.
Which real estate strategy fits Laurel, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Laurel, NY. The numbers - $1.0M homes against $2,097/mo rents - support that play.
You know 11948 now. You don’t know where it ranks.
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How 11948 ranks in New York-Newark-Jersey City, NY-NJ-PA
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