Is Melville, NY a good place to invest in rental property?

Melville, NY has a median modeled monthly cash flow of $-3,265 and a median cap rate of 2.4%, on a median sold price of $1,055,000. Prices changed +2.5% year over year.

What is the average cap rate in Melville, NY?

The median cap rate across recently sold homes in Melville, NY is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Melville, NY?

The median sold price in Melville, NY is $1,055,000 (about $486 per square foot).

Investing in Melville, NY Real Estate

A data-driven snapshot of the Melville, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,055,000Median sold price

$486Median $/sqft

2.4%Median cap rate

$-3,265Modeled cash flow / mo

+2.5%Appreciation YoY

11.2Months of supply

169Active listings

181Sold (last 12 mo)

What the Melville numbers say

In Melville, NY, the median home sold for $1,055,000 (about $486 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-3,265 of monthly cash flow. Sold prices moved +2.5% over the past year. Inventory sits at about 11.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Melville cash-flowing listings

CashFlowRE ranks every for-sale home in Melville, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Melville deals, or browse the national market data.