Central Islip, New York Housing Market Prices
Central Islip Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% below the New York median$456,189
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Median rent 28% above the New York median$2,080
Housing Market Overview
| Metric | Central Islip | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,189 | $471,885 | $248,835 |
| Price Trend (Annual %) | 4.7% | 7.1% | 7.5% |
| Median Gross Rent | $2,080 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Central Islip is about 3% lower than in New York. Rent is about 28% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Central Islip, up about 4.7% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Central Islip rose about 41.6% between 2015 and 2024, from $1,470 to $2,080. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Central Islip.
Buying the median-priced home in Central Islip costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Central Islip. The price-to-rent ratio in New York is about 24.3.
| Metric | Central Islip | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,189 | $471,885 | $248,835 |
| Median Household Income | $114,259 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Central Islip rose about 38.0%, while median household income rose about 47.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Central Islip | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.8% | 48.8% | 58.5% |
| Rental Rate | 19.8% | 41.1% | 31.2% |
| Vacancy Rate | 10.3% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Central Islip has a homeownership rate of 69.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 10.3%, compared with 10.1% in New York.
Housing Stock
| Metric | Central Islip | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.01 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1972 | 1960 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in Central Islip was built around 1972. On average, 4.0 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Central Islip, New York.
What is the median home price in Central Islip, New York?
The median home price in Central Islip, New York is $456,189, lower than the New York average of $471,885.
What is the average home price in Central Islip, New York?
The typical home price in Central Islip, New York, reported as the median sale price, is $456,189. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Central Islip, New York?
The median gross rent in Central Islip, New York is $2,080 per month, higher than the New York average of $1,621.
What was the median gross rent in Central Islip in 2020?
In 2020, the median gross rent in Central Islip, New York was $1,806 per month.
What is the price-to-rent ratio in Central Islip, New York?
The price-to-rent ratio in Central Islip, New York is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Central Islip.
Are home prices or rent rising faster in Central Islip, New York?
Both home prices and rent are rising in Central Islip, up about 4.7% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Central Islip, New York?
69.8% of households in Central Islip, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Central Islip, New York?
The housing vacancy rate in Central Islip, New York is 10.3%, higher than the New York average of 10.1%.
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