11978, Westhampton Beach, NY

Westhampton Beach, NY is located in Suffolk County on the North Shore of Long Island. According to the 2010 census, the population of Westhampton Beach was 14,912. The 11978 zip code covers a total area of 2.5 square miles and has a median household income of $101,871. Home prices in this zip code have increased significantly over the past few years and are now among the highest in Suffolk County.

The average home price in 11978 zip code was $1,099,000 as of March 2016. This represents an increase of 116% from the average home price in 2009 ($527,000). The 11978 zip code had a total of 956 homes sold during 2016 which represented an increase of 36% from 2015 when 522 homes were sold. The majority (82%) of homes sold in 2016 were single family homes.

There are several factors that have contributed to the dramatic increase in home prices in 11978 zip code over the past few years:

-The availability of affordable housing: Westhampton Beach is located within close proximity to both New York City and Southampton County which has a large population of wealthy retirees who are interested in purchasing coastal property.

-The strong economy: Since 2007, Westhampton Beach has had one of the strongest economies in Suffolk County with unemployment rates consistently below 3%.

-The increasing demand for luxury properties: While most home buyers continue to purchase affordable housing units within 11978 zip code, there is an increasing demand for luxury properties such as waterfront estates and villas which have increased by 176% since 2009 according to Zillow data.