Housing in Shelter Island, NY is significantly more expensive than the national median. The median value of homes in Shelter Island, NY is $1,238,500 compared to the US median of $338,100. In addition to being much higher than the national average, Shelter Island also has a higher 1 year house appreciation rate than the US at 13.07%, compared to 8.27%. With this combination of high home values and increasing appreciation rates, Shelter Island is undoubtedly an attractive location for potential homeowners.
The median home cost in Shelter Island (zip 11964) is $1,238,500. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Shelter Island (zip 11964) is up 16.1%.
Average Age of Homes
- The median age of Shelter Island (zip 11964) real estate is 39 years old
The Rental Market in Shelter Island (zip 11964)
- Renters make up 4.0% of the Shelter Island (zip 11964) population
- 0.0% of houses and apartments in Shelter Island (zip 11964), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.