11794, Stony Brook, NY

The Stony Brook zip code of 11794 has a population of about 112,000 people and an average home value of $1.2 million. The median home value in this zip code is higher than the national median home value of $217,500, but lower than the Long Island median home value of $1.5 million.

There are a number of factors that contribute to the high home values in this zip code. First, Stony Brook is located in a desirable area with plenty of amenities and access to major transportation routes. Second, there is a high demand for housing in this area due to its proximity to many universities and businesses. Finally, the market has been strong over the past few years due to low interest rates and increasing demand from buyers.

Despite these positive factors, there are some challenges facing homeowners in the 11794 zip code. One issue is that there is a limited supply of homes available for sale compared to other areas on Long Island or in New York City. This has led to increased prices and slower sales activity over the past few years. Additionally, although interest rates have remained low for some time now, they could rise at any time which could lead to decreased buying activity and further increases in prices.