11553, Uniondale, NY

Uniondale, NY is located in Nassau County and has a population of approximately 78,000. The 11553 zip code covers an area of approximately 2.5 square miles and has a median household income of $101,868. Home prices in the 11553 zip code have increased by an average of 10% over the past five years. In addition, home equity values in the 11553 zip code have increased by an average of 16%.

The primary drivers of home equity and home prices in Uniondale are strong economic fundamentals and limited supply. The unemployment rate in Uniondale is below the national average, and there are ample job opportunities available within the local economy. Furthermore, Uniondale is located within close proximity to both Manhattan and Nassau County's popular tourist destinations, which has contributed to strong demand for housing units within the 11553 zip code.

Despite these positive fundamentals, there are some potential risks that could impact home values in Uniondale over time. These risks include increasing interest rates (which would increase monthly payments on mortgages), increasing taxes (which would impact homeowners' equity), or a decrease in consumer confidence (which could lead to reduced demand for homes). While these risks are certainly possible, they are relatively minor compared to the overall trend of increasing home values and home equity values in Uniondale over the past few years.