11020, Great Neck, NY

The 11020 zip code of Great Neck, NY has a median home value of $1,095,000. This is a decrease from the previous year when the median home value was $1,145,000. The decrease in home values can be attributed to a number of factors including lower demand for homes in this area and stricter lending criteria.

Despite the decrease in home values, there are still many homeowners in the 11020 zip code who are benefiting from their equity in their homes. Home equity is one of the most important assets that homeowners can have and can be used to finance various types of investments or debts. Additionally, homeowners who have significant equity in their homes may be more likely to stay in their homes if they experience financial difficulties.

Overall, it appears that there is still strong demand for housing within the 11020 zip code and prices are continuing to rise gradually over time. While there may be some fluctuations due to market conditions and other factors, it seems likely that prices will continue to increase over time as long as there is continued demand for housing within this area.