11042, New Hyde Park, NY

New Hyde Park is a suburb of New York City located in Nassau County. As of the 2010 census, the population was 21,912. The 11042 zip code covers most of the town and has a median home value of $1,039,000. Home prices have been on the rise in New Hyde Park for many years now and as of 2016 they are estimated to be worth an incredible $2,811,000!

There are many factors that contribute to the high home values in New Hyde Park. First and foremost is its location - it is just minutes away from some of the most prestigious neighborhoods in Manhattan and Brooklyn. Additionally, New Hyde Park has excellent schools and plenty of amenities - including a large park system - that make it desirable to live in. Finally, there is strong demand for homes in this area due to its proximity to both work and entertainment options.

Despite these positive factors, there are also some challenges facing homeowners in New Hyde Park. One issue is that housing prices have risen much faster than incomes over the past few years - meaning that many people who would traditionally be able to afford homes here are now unable to do so due to rising costs. Another challenge is that there is limited inventory available for sale which means that buyers have little choice but to pay higher prices for homes. However, despite these challenges, homeownership rates remain high in New Hyde Park which suggests that people are still very interested in buying here.