11787, Smithtown, NY

Home Equity and Home Prices in the 11787 Zip Code of Smithtown, NY

The zip code of 11787 in Smithtown, New York has a median home value of $269,000. This is higher than the statewide median home value of $175,000 and the national median home value of $177,500. The zip code also has a high percentage of homeowners with a mortgage (77%) compared to other zip codes in New York (59%). This suggests that homeowners in this zip code are more likely to have access to affordable financing for their homes.

The average sale price for homes in the 11787 zip code was $289,000 over the past year. This is higher than the statewide average sale price ($236,500) and the national average sale price ($247,900). The high sale prices may be due to strong demand from buyers and limited supply of homes available for purchase. Over the past year there were only 9 sales recorded in this zip code - indicating that there may be some housing stock available but buyers are not able to find it at an affordable price.