10304, Staten Island, NY

The 10304 zip code of Staten Island, NY is one of the most densely populated areas in the United States. The population density is more than 5,000 people per square mile. This high population density has resulted in a high demand for housing and a corresponding increase in home prices.

According to Zillow, the median home value in the 10304 zip code was $269,200 as of September 2018. This represents an increase of 9% from 2017 and a whopping 116% from 2000. In terms of home equity, homeowners in the 10304 zip code have an average equity balance of $121,700 as of September 2018. This indicates that homeowners are generally able to cover their monthly expenses with their home equity balance.

Despite this strong appreciation trend, there are some caveats to consider when assessing home values and equity in the 10304 zip code. First and foremost, there is a significant concentration of wealth within this area which could lead to inflated prices if not moderated by other factors (such as low unemployment rates). Additionally, many homes in this area were built before stricter lending standards were put into place which may make them less desirable or affordable for potential buyers today. Despite these caveats, it is clear that homeownership and home values are on the rise in the 10304 zip code – making it an attractive investment opportunity for those who are prepared to take on some risk.