10994, West Nyack, NY

West Nyack is a small town in Rockland County, New York, with a population of just over 10,000. The median household income in the town is $101,000, and the median home value is $447,500. The 10994 zip code has a population of just over 4,000 and a median household income of $120,000. The zip code has a median home value of $527,500.

There are several factors that contribute to the high home values in West Nyack. First and foremost is the fact that West Nyack is an affluent town with a high median income. Second is the low number of homes for sale in the area - only 2% of homes are for sale compared to around 5% nationwide. Finally, there is limited competition for buyers - only about 2% of households in West Nyack are owner-occupied compared to around 30% nationwide.

Despite these factors, there have been some recent signs that prices may be starting to decline in West Nyack. For example, there was an 11% decrease in home values from 2014 to 2015 according to Zillow data (although this may not be representative of all areas within the 10994 zip code). Additionally, although there are still very few homes available for sale in West Nyack relative to other areas throughout the country, there has been an increase in listings recently (although this too may not be representative). Overall though it seems likely that prices will continue to rise relatively steadily in West Nyack over time due both to its affluent nature and limited supply of properties on the market.