How much is a home worth in ZIP code 11518?

The typical home in 11518 is worth $726,409, based on the Zillow Home Value Index.

Are home values rising in 11518?

Home values in 11518 are up 2.0% over the past year, and up 4.4% a year over five years.

What is the typical rent in 11518?

A typical home in 11518 rents for about $2,806 a month, a gross rental yield of 4.6%.

What is the property tax rate in 11518?

The effective property tax rate in 11518 is 2.0% — roughly $14,724 a year on a typical home.

ZIP code 11518 has a population of 10,149 and a median household income of $117,052.

HousingHandbookReference data

…

U.S. ZIP Code · NY11518

Nassau County · New York-Newark-Jersey City, NY-NJ

Typical home value

$726,409^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.0%
5-year / yr: +4.4%
10-year / yr: +5.5%

Relative price

vs U.S.: +155.7%
vs metro: ≈ metro median
vs state: +128.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 11518 is worth $726,409. Over the past year, values have risen 2.0%. Homes here rent for a typical $2,806 a month — a 4.6% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,806^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.0%^[3]
Typical annual tax: $14,724^[3]

#Climate risk

FEMA National Risk Index ratings for Nassau County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 10,149^[3]
Median household income: $117,052^[3]

#Migration

Household moves in and out of Nassau County over a year, from IRS tax-return data.

Net migration: -6,520^[5]
Moved in: 26,711
Moved out: 33,231

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 3
Middle: 0
High: 1

EAST ROCKAWAY JUNIOR-SENIOR HIGH SCHOOL
High · Grades 7–12 · EAST ROCKAWAY UNION FREE SCHOOL DISTRICT
577 students
RHAME AVENUE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · EAST ROCKAWAY UNION FREE SCHOOL DISTRICT
316 students
CENTRE AVENUE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · EAST ROCKAWAY UNION FREE SCHOOL DISTRICT
241 students
WAVERLY PARK SCHOOL
Elementary · Grades 1–5 · LYNBROOK UNION FREE SCHOOL DISTRICT
201 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.6%

Net yield (after ~40% expenses)2.8%

Annual rent$33,666

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,673

Loan principal$581,127

Down payment$145,282

Total interest paid$741,195

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.96

Monthly cost to own$5,507

Monthly rent$2,806

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 23rd percentile^[1]
Rental yield: 36th percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 11518?: The typical home in 11518 is worth $726,409, based on the Zillow Home Value Index.
Are home values rising in 11518?: Home values in 11518 are up 2.0% over the past year, and up 4.4% a year over five years.
What is the typical rent in 11518?: A typical home in 11518 rents for about $2,806 a month, a gross rental yield of 4.6%.
What is the property tax rate in 11518?: The effective property tax rate in 11518 is 2.0% — roughly $14,724 a year on a typical home.
Who lives in 11518?: ZIP code 11518 has a population of 10,149 and a median household income of $117,052.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

11413 vs 11518 →
New York, NY
Typical home
$726,413
Gross yield
5.3%
11203 vs 11518 →
New York, NY
Typical home
$727,265
Gross yield
4.8%
11003
Elmont CDP, NY
Typical home
$724,813
Gross yield
—
10305
New York, NY
Typical home
$724,793
Gross yield
4.8%
10970
Pomona, NY
Typical home
$724,716
Gross yield
—
11412
New York, NY
Typical home
$729,162
Gross yield
5.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 11518 against any other ZIP — full side-by-side table.

Compare 11518 →

#Jump to section

U.S. ZIP Code · NY11518

Get more data on ZIPs like this

Get more data on ZIPs like this