11950, Mastic, NY

The 11950 zip code of Mastic, NY has a median home value of $191,200 and a median home equity value of $119,600. The 11950 zip code is located in Suffolk County and has a population of approximately 10,000.

Mastic is an affluent community located on the North Shore of Long Island. The town was founded in the early 18th century by Dutch settlers and was once known as "the Paris of the East." Today, Mastic is known for its picturesque villages and waterfront homes. Home prices in Mastic have increased significantly over the past few years due to strong demand from buyers and limited supply.

According to Zillow's 2018 National Home Value Survey, the average home value in Mastic rose 5% from 2017 to 2018. This increase was slightly lower than the national average (6%), but still represented a significant gain over the past two years. In addition, Zillow's report found that Mastic ranked as one of the top 20 ZIP codes nationwide with the highest year-over-year growth rates in home values during this time period.

There are several factors contributing to this strong demand for homes in Mastic:

1) The town is located on one of Long Island's most desirable coasts; 2) There are limited housing options available within walking distance to downtown Mastic; 3) The local schools are among New York State's best rated; and 4) The community is well-established and has a high level of socioeconomic diversity.

Despite these positive factors, there are also some challenges facing buyers in Mastics:

1) Prices have risen significantly faster than incomes over recent years; 2) Competition for homes has become increasingly fierce; and 3) Many homeowners have taken advantage of low interest rates by refinancing their mortgages multiple times over the past few years.