Home Values

Town of Shelter Island Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Town of Shelter Island is $1,099,000. The median rent price in Town of Shelter Island is $20,000.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Shelter Island is 22.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Shelter Island homeowners underwater on their mortgage is 5.1%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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Town of Shelter Island Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $1,099,000 Median listing price
  • No data Median sale price
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Town of Shelter Island Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 5.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 22.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Sagaponack $5,034,600
Water Mill $2,614,000
East Hampton $2,435,000
Name Median ZHVI
North Haven $1,395,300
Orient $735,100
Cutchogue $608,800
Name Median ZHVI
East Marion $574,500
Southold $555,400
Greenport $412,900

Listings & Sales

Data through Aug 31, 2014
  • $511 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 21.7% Listings with price cut
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Town of Shelter Island Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,340 New York Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $20,000 Rent list price
  • No data Rent list price / sq ft
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