10031, New York, NY

The 10031 zip code of New York, NY has a median home value of $269,000 and a median home equity value of $157,000. These values are significantly higher than the statewide median home value of $175,000 and statewide median home equity value of $130,000. The 10031 zip code is also significantly higher than the national median home value of $181,500 and national median home equity value of $142,500.

There are a number of factors that contribute to the high values in the 10031 zip code. The area is densely populated and has a high demand for housing due to its proximity to major cities such as New York City and Albany. Additionally, many homeowners in the 10031 zip code have invested in property improvements such as new roofs or decks which have increased their homes' values.

Despite these high values, there is evidence that the market may be starting to slow down in the 10031 zip code. Home sales have been declining for several years now and there has been an increase in foreclosures within this area over recent months. If this trend continues it could lead to lower prices for homes in the 10031 zip code over time.