11959, Quogue, NY

The 11959 zip code of Quogue, NY is located on the North Fork of Long Island and has a population of approximately 2,000. The median household income in this zip code is $146,000 and the median home value is $1.2 million. Home equity in this zip code has increased significantly over the past few years due to strong demand from buyers and limited supply of homes available for sale.

According to Zillow, the average home value in Quogue increased by 9% between 2016 and 2017, which was faster than the national average of 6%. This increase can be attributed to several factors:

- Quogue is a desirable location with plenty of amenities such as schools, shopping, and recreation.

-The local economy continues to grow at a healthy rate thanks to strong job growth and increasing wages.

-There are relatively few homes for sale in this zip code which has led to higher demand from buyers.

Despite these positive trends, there are some risks associated with buying a home in Quogue:

-The market may become saturated later in 2018 or 2019 if more people decide to buy homes in Quogue at current prices.

-Home prices may decrease if interest rates rise or if there are any unforeseen problems with the local economy or housing market.