11354 Home Prices & Values

$541,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.9% 1-year change
  • 3.7% 1-year forecast

The median home value in 11354 is $541,000. 11354 home values have gone up 7.9% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in 11354 is $395, which is lower than the New York average of $453. The median price of homes currently listed in 11354 is $275,000 while the median price of homes that sold is $234,250. The median rent price in 11354 is $1,650, which is lower than the New York median of $2,800.

Foreclosures will be a factor impacting home values in the next several years. In 11354 0.8 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 and also lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 11354 is 4.0%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 11354 homeowners underwater on their mortgage is 10.0%, which is lower than New York at 11.4%.

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Relative ZHVI
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11354 Market Overview

Data through May 31, 2014
  • $541,000 ZHVI
  • 3.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $275,000 Median listing price
  • $234,250 Median sale price
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11354 Market Health

Data through May 31, 2014
  • 9.8/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 10.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.8 homes(Oct 31, 2012) 11354
0.4 homes New York
4.8 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
11357 $710,200 11358 $662,600 11360 $661,300
11365 $639,300 11355 $561,000 11367 $549,200
11356 $503,200 11369 $490,700 11368 $374,400

Listings & Sales

Data through May 31, 2014
  • $395 Median list price / sq ft
  • $594 Median sale price / sq ft (Apr 30, 2014)
  • 12.9% Listings with price cut
12.3%
Sold below listing
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11354 Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,058 11354
$2,210 New York
$1,310 United States
  • 6.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,650 Rent list price
  • $2.20 Rent list price / sq ft
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