11566, Merrick, NY

The 11566 zip code of Merrick, NY has a median home value of $192,000. This is a decrease from the median home value of $202,000 in 2007. The percentage decrease in home values is due to the fact that there are more homes for sale in this zip code than there were five years ago.

There are also many homeowners who have taken out mortgages to purchase their homes. These mortgages often have lower interest rates than other types of loans and can provide homeowners with a significant amount of equity in their homes. As long as the mortgage remains current and the homeowner does not lose their home to foreclosure, they will continue to see an increase in their home's value over time.

Homeowners who are considering purchasing a home should be aware that prices can vary significantly depending on the location and condition of the property. It is important to consult with a real estate agent who can provide you with accurate information about current market conditions and available properties.