11790, Stony Brook, NY

The home equity and home prices in the 11790 zip code of Stony Brook, NY are reflective of the overall market conditions in the area. Over the past year, both home equity and home prices have increased moderately, although they remain below their pre-recession levels.

According to Zillow’s Home Value Index, the median home value in this zip code is $269,000. This is above the statewide median of $227,500 but still below the peak values reached in 2007 ($291,000). However, over the past year there has been a modest increase of 2.5% in homes values compared to a 0.9% statewide increase.

Similarly, according to Trulia’s Home Price Index (HPI), Stony Brook’s median home price is $287,500 which is also above New York State’s median of $227,500 but still below pre-recession levels ($309,000). However over the past year there has been a modest increase of 2% in homes prices compared to a 1% statewide increase.

Looking at specific neighborhoods within this zip code we can see that some areas have seen more rapid appreciation than others. For example while most neighborhoods within this zip code have seen an increase over the past year or two there are a few neighborhoods that have seen much higher increases (upwards of 10%). These areas include: Northwood Estates (#2 on list), Westbury (#3), and Pine Hills (#4). Conversely there are several neighborhoods that have seen decreases in their homes values (-5%, -10%), including: East Meadow (#1), Southwood Estates (#5), and Cedar Pointe (#6).