11520, Freeport, NY

Freeport is a small town located on Long Island in the 11520 zip code. The population of Freeport was just over 10,000 as of the 2010 census. Home prices in the 11520 zip code have been increasing rapidly over the past few years, and as of March 2016, they were estimated to be $326,000. This is a significant increase from just a few years ago when home prices were only around $200,000.

There are several reasons why home prices in the 11520 zip code have increased so much in recent years. One reason is that Freeport has experienced strong growth both economically and demographically. The town has seen an influx of new residents and businesses, which has led to an increase in job opportunities and income levels. Additionally, Freeport is located close to several major cities ( New York City and Nassau County), which has made it more desirable for people to live there.

Despite these positive factors, there are some potential risks associated with buying a home in the 11520 zip code. One risk is that interest rates could rise significantly over time, making it more difficult for people to afford a mortgage. Another risk is that the market could become saturated and prices could decline significantly (this has happened in other parts of Long Island). Finally, although Freeport is generally considered safe and stable, there may be occasional incidents or crimes that could affect homeownership rates or home values in this area.