dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −3.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −0.9% YoY, is the number to watch.
The median listing price is down 3.1% YoY while the median home got down 2.3% bigger, so value per square foot is down 2.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $797K purchase rents for $3,000/mo: 0.38% of price per month against the 1% rule's 1.00%.
Not shown: Studio (sale only, no matching rent), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 18 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold).
Not shown: Condo (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 11580 itself, not its parent county.
Renters hold 17.1% of this ZIP's 12,860 occupied households, on a median household income of $137K.
| Measure | ZIP 11580 | Nassau County | Difference |
|---|---|---|---|
| Median Household Income | $137K | $146K | -$9K |
| Below Poverty Level | 4.1% | 5.4% | -1.3% |
| Median Age | 41.80 | 42.00 | -0.20 |
| Total Population | 43,092 | 1,389,591 | -- |
| Avg Household Size | 3.34 | 2.99 | +0.35 |
| Owner-Occupied | 82.9% | 81.9% | +0.9% |
| Worked From Home | 12.7% | 15.6% | -2.9% |
| Mean Commute | 40.40 | 36.00 | +4.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.1% to 1,389,591: residents under 18 are down 0.5% and those 65 and over are up 2.5%.
County median household income is $146K, 5.4% of residents are below the poverty level, 15.6% work from home.