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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −5.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −63.2% YoY, is the number to watch.
The median listing price is down 5.2% YoY while the median home got down 11.8% bigger, so value per square foot is down 4.7%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $5.97M purchase rents for $4,641/mo: 0.08% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 3 BR (sale only, no matching rent).
U.S. Census ACS characteristics for ZIP 02199 itself, not its parent county.
Renters hold 99.2% of this ZIP's 775 occupied households, on a median household income of $122K.
| Measure | ZIP 02199 | Suffolk County | Difference |
|---|---|---|---|
| Median Household Income | $122K | $96K | +$27K |
| Below Poverty Level | 2.4% | 16.2% | -13.8% |
| Median Age | 42.50 | 33.90 | +8.60 |
| Total Population | 1,292 | 785,121 | -- |
| Avg Household Size | 1.67 | 2.25 | -0.58 |
| Owner-Occupied | 0.8% | 36.5% | -35.7% |
| Worked From Home | 30.7% | 19.9% | +10.8% |
| Mean Commute | 25.60 | 30.90 | -5.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 785,121: residents under 18 are down 0.5% and those 65 and over are up 2.7%.
County median household income is $96K, 16.2% of residents are below the poverty level, 19.9% work from home.