ZIP Code 11516 — Cedarhurst, New York

The median home in 11516 is valued at $818,600 against a median household income of $102,083, a price-to-income ratio of 8.0. That is far above the 2.9 median across the 1,572 New York ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, so buying here on a local median income requires substantial savings or a second income. Within Nassau County, 11516 ranks 65 of 67 ZIPs on affordability (1 = lowest ratio); the county median ratio is 4.9. Renting takes 25.9% of median household income (median rent $2,204 a month), under the 30% cost-burden threshold.

11516 ranks 436 of 1,572 statewide on median household income and 138 of 1,572 on median home value; its income is below the $149,250 Nassau County median. 70% of households own their home, below the 80% statewide ZIP median, making this a majority-owner ZIP. 47% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 4.8%, far below the 9.9% statewide ZIP median and among the lowest in the state. Unemployment stands at 5.4%.

With 9,703 residents per square mile across 0.9 square miles of land, 11516 is far denser than the statewide ZIP median of 197 (rank 189 of 1,572). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.