11766, Mount Sinai, NY

The 11766 zip code of Mount Sinai, NY has a median home value of $1,827,000 and a median home equity value of $269,000. This is higher than the statewide median home value of $177,500 and the national median home equity value of $181,200. The 11766 zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity) at just 7%. This is lower than the statewide percentage of homeowners with negative equity (13%) and the national percentage (16%).

There are several factors that may contribute to these high home values in the 11766 zip code. First, Mount Sinai is located in one of the most affluent counties in New York State. Second, there is a high demand for housing in this area due to its proximity to both Manhattan and Brooklyn. Third, there are relatively few homes for sale in this zip code compared to other areas of New York City. Finally, many homeowners in this area have been able to increase their home values by refinancing or selling their homes for more than they originally purchased them for.