11040, New Hyde Park, NY

The 11040 zip code of New Hyde Park, NY has a median home value of $1,128,000 and a median home equity value of $539,500. The 11040 zip code is located in Nassau County and has a population of approximately 21,000.

The 11040 zip code has seen an increase in home values over the past few years. In 2013, the median home value was $977,500 and the median home equity value was $439,000. In 2014, the median home value increased to $1,128,000 and the median home equity value increased to $539,500. This trend is likely to continue as more people are moving into this area and buying homes.

There are several factors that have contributed to the increase in home values in the 11040 zip code. One reason is that there is a lot of demand for housing in this area due to its proximity to many amenities such as shopping malls and schools. Additionally, New Hyde Park is experiencing an influx of affluent residents who are looking for high-quality homes that are affordable compared to other areas in Nassau County.

Despite these positive trends, there are some risks associated with buying a house in the 11040 zip code. One risk is that interest rates could rise over time which would make it more expensive for buyers to borrow money against their homes' equity. Another risk is that prices could decrease if there are any unforeseen economic problems such as a recession or housing market crash. However overall it seems likely that house prices will continue to rise in this area over time due to its desirable location and strong demand from buyers