Suffolk County, New York Housing Market
In Suffolk County, New York, the median home value is $578,400, with a median monthly rent of $2,255. This places Suffolk County at #92 nationally out of 3134 counties by median home value, and #8 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,491
- Establishments: 55,038
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,094
- Multi-family: 305
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 688,758 (avg $127,737)
- Outflow: 688,045 (avg $128,583)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Suffolk County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 11798 | 420.4 | +10.09% | 2025 |
| 2 | 11749 | 350.7 | +28.36% | 2025 |
| 3 | 11719 | 293.4 | -4.75% | 2025 |
| 4 | 11722 | 400.7 | +8.24% | 2025 |
| 5 | 11796 | 325.8 | +13.03% | 2025 |
| 6 | 11941 | 395.9 | +34.19% | 2024 |
| 7 | 11967 | 398.6 | +3.89% | 2025 |
| 8 | 11717 | 397.3 | +3.87% | 2025 |
| 9 | 11950 | 419.1 | +8.29% | 2025 |
| 10 | 11788 | 300.1 | +10.59% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Suffolk County on Our Sister Sites
Get the complete picture for Suffolk County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Suffolk County Compares
| Metric | Suffolk County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $578,400 | $281,200 | $227,706 |
| Median Gross Rent | $2,255 | $1,168 | $968 |
| Owner Occupancy Rate | 82.2% | 69.3% | 73.3% |
| Price/Rent Ratio | 21.4 | 18.4 | 18.7 |
Market Analysis
The median home value in Suffolk County is 105.7% above the New York state average and 154.0% above the U.S. national average. The median rent of $2,255/month is 93.1% above the state average.
With a price-to-rent ratio of 21.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Suffolk County has an owner-occupancy rate of 82.2%, compared to 69.3% in New York and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Morris County | New Jersey | $582,500 | $1,904 |
| Gilpin County | Colorado | $573,900 | $1,658 |
| Fauquier County | Virginia | $573,700 | $1,613 |
| Whatcom County | Washington | $585,800 | $1,555 |
| Larimer County | Colorado | $569,100 | $1,716 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Rockland County | $596,900 | $1,901 | 67.9% |
| Bronx County | $529,500 | $1,458 | 20.1% |
| Westchester County | $663,200 | $1,951 | 61.8% |
| Richmond County | $675,500 | $1,733 | 67.7% |
| Nassau County | $684,700 | $2,252 | 81.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).