11752, Islip Terrace, NY

The Islip Terrace zip code in Suffolk County, New York has a median home value of $1,050,000. The home equity in this zip code is $236,000. This means that the typical homeowner in this zip code has over 20% of their home equity invested in their home.

Home prices have been on the rise for many years now in the Islip Terrace zip code. In fact, according to Zillow’s Home Value Index (HVI), the average home value has increased by 7% since January 2017. This is much higher than the national average of 3%.

There are a few factors that may be contributing to this increase in home values in the Islip Terrace zip code. One reason could be that there is an increasing demand for homes due to an influx of new residents and families moving into the area. Additionally, many homeowners are refinancing their mortgages which can result in an increase in their home equity.

Despite these positive trends, there are still some areas of concern for homeowners in the Islip Terrace zip code. For example, although prices have been increasing steadily over recent years, they may not continue to do so indefinitely due to market saturation or other factors outside of homeowners’ control (e.g., interest rates). Additionally, although many homeowners have significant amounts of equity invested in their homes, there is always a risk that something could happen (e.g., a financial crisis) which could cause them to lose all or part of their investment – potentially leading to a decrease in property values and/or a loss of income from theirhomeownership .