Zip 11747 (Melville, NY) Housing

The housing market in 11747 Melville, NY is quite strong, with the median value at $725,800. This is significantly higher than the US house median value of $338,100 and shows a robust appreciation of 9.97% in just one year. This is higher than the US house appreciation of 8.27%, which further highlights how strong this market is for housing in Melville. In conclusion, the housing market in Melville is a fantastic option to consider when looking for a place to buy or invest in.

The median home cost in Melville (zip 11747) is $725,800. Home appreciation the last 10 years has been 71.3%. Home Appreciation in Melville (zip 11747) is up 13.1%.

Average Age of Homes

- The median age of Melville (zip 11747) real estate is 39 years old

The Rental Market in Melville (zip 11747)

- Renters make up 12.5% of the Melville (zip 11747) population
- 0.8% of houses and apartments in Melville (zip 11747), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melville, New York	United States
	7,920.0	139,647,020.0
	39	42
	$725,800	$338,100
	13.1%	16.6%
	48.6%	57.0%
	71.3%	101.1%
	$22.72	$10.98
	$10,001	$2,690
	79.8%	57.4%
	6.3%	11.2%
	13.9%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	2.2%	4.5%
	0.7%	11.3%
	4.0%	13.0%
	4.5%	20.1%
	4.0%	13.6%
	12.1%	8.3%
	29.7%	9.7%
	23.9%	3.9%
	15.4%	2.2%
	2.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	26.9%	13.6%
	26.9%	13.6%
	8.6%	13.6%
	8.1%	13.2%
	8.4%	14.8%
	8.6%	13.6%
	18.9%	10.0%
	1.7%	4.7%
	3.3%	12.2%

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