11581, Valley Stream, NY

Valley Stream, NY is a suburb of New York City located in Nassau County. As of the 2010 census, the population was 28,827. The 11581 zip code covers most of Valley Stream and has a median household income of $101,913. Home prices in this zip code have increased significantly over the past few years and are now among the highest in Nassau County.

The average home price in 11581 as of September 2017 was $1,068,500. This represents an increase of 116% from the average home price in January 2016 of $470,000. The median home value as of September 2017 was $735,000 which is also an increase of 116% from the median home value in January 2016.

There are a number of factors that have contributed to this significant increase in home prices in 11581 over the past few years. One reason is that there is a high demand for homes in this zip code due to its close proximity to New York City and its many amenities such as shopping malls and schools. Additionally, Valley Stream has been experiencing strong economic growth over the past few years which has led to an increase in jobs and wages. Finally, there has been a surge in investment activity within the area due to rising interest rates and increasing values for real estate assets such as homes and stocks.

Despite these positive trends, there are some risks associated with buying a home within 11581 ZIP code including potential market saturation caused by increasing demand from buyers who want to purchase homes within this area; increased competition among buyers due to limited supply; and possible financial difficulties if interest rates rise or if the market crashes later on down the road. Nevertheless, based on current trends it seems likely that home prices will continue to rise significantly over the next several years so long as there are no major unforeseen events that disrupt housing markets throughout Nassau County or New York City as a whole