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Shelter Island, NY
Full City Profile · New York · Lower Connecticut River Valley Planning Region County
3.3
/5.0
B
Good
2,281
Population
348/sq mi density
$129,410
Median Income
$56,722 per capita
$1,019,000
Home Value
$1,716,775 Zillow
53°F
Avg Temperature
282 sunny days/yr
22
Violent Crime/100K
356 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$129,410 median income, 3.2% unemployment
C
Affordability
2.2 / 5.0
$1,019,000 home value, /mo rent
F
Safety
1.0 / 5.0
22 violent crimes/100K
A+
Education
5.0 / 5.0
55.0% bachelor's degree or higher
Housing Overview
Median Home Value
$1,019,000
261% above
US avg: $281,900
Homeownership Rate
84.2%
29% above US avg (65.4%)
Total Housing Units
1,575
Median year built: 1976
Home Value by Source
Census Median
$1,019,000
Zillow (ZHVI)
$1,716,775
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.2%
Owner-Occupied
15.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Affordability & Housing Stock
Rent Burden
44.7%
of renters spending 30%+ of income on housing
44% above US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
84.2%
Complete Housing Data
Home Values
| Census Median Value | $1,019,000 |
| Zillow Home Value (ZHVI) | $1,716,775 |
Rent
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
Ownership & Stock
| Owner-Occupied | 84.2% |
| Renter-Occupied | 15.8% |
| Homeownership Rate | 84.2% |
| Total Housing Units | 1,575 |
| Median Year Built | 1976 |
| Rent Burden | 44.7% |