11501, Mineola, NY

The 11501 zip code of Mineola, NY has a median home value of $236,000 and a median home equity value of $142,000. This is higher than the statewide median home value of $177,500 and the national median home equity value of $141,800. The 11501 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at just 10%. This is lower than the statewide percentage of homeowners with negative equity (14%) and the national percentage (16%).

There are several factors that may contribute to the high values in the 11501 zip code. First, Mineola is located in Nassau County which has one of the highest incomes in New York State. Second, Mineola is located within close proximity to both Manhattan and Long Island City which are both highly populated areas with high demand for housing. Third, Mineola has a low rate of foreclosure filings which may be due to its strong economy or because there are not many potential buyers who want to purchase a foreclosure property. Fourth, Mineola has relatively few abandoned or vacant homes which may contribute to its high values. Fifth, Mineola's zoning laws allow for more upscale homes and developments which may also contribute to its high values.