ZIP Code 11021 Housing Market

📝 Local Market Notes

The housing market in ZIP code 11021 exhibits a distinct and accelerating price trajectory over the recent five-year period. The Home Price Index (HPI) for this Nassau County ZIP code rose from 195.28 in 2021 to 215.13 in 2022, followed by a modest increase to 224.28 in 2023. A slight contraction occurred in 2024, with the index dipping to 212.29, before a dramatic surge to 305.68 in 2025. This final year-over-year gain of 43.99% represents a significant deviation from the preceding trend, indicating a rapid revaluation of residential assets within this specific geographic boundary. This performance stands in stark contrast to broader regional metrics. While the state of New York experienced a 3.55% annual increase and Nassau County reported a 6.97% gain, ZIP 11021’s 43.99% surge signals a localized market dynamic that far outpaces both county and state averages. Such divergence suggests that specific factors unique to this ZIP code are driving demand, rather than general macroeconomic trends affecting the wider region. Comparatively, nearby ZIP codes 11598 and 11096 show more moderate growth rates of 29.95% and 17.94%, respectively, further highlighting the exceptional nature of 11021’s recent appreciation. Contextualizing this data with parent county American Community Survey estimates, the sub-market character appears to be one of high-value ownership rather than entry-level affordability. With a county median home value of $684,700 and a median household income of $146,202, the area supports substantial owner-occupancy at 81.9%. The HPI level of 305.7, which is three times the 2000 baseline, suggests that current home prices in 11021 are likely significantly above the county median. Prospective buyers should recognize that the market is characterized by rapid price escalation and high barriers to entry. The combination of high income levels and aggressive price growth indicates a competitive environment where inventory is likely scarce and pricing power remains firmly with sellers.

Based on FHFA House Price Index data.