10305, Staten Island, NY

The home equity and home prices in the 10305 zip code of Staten Island, NY are very high. The median home value in this zip code is $527,000, which is more than double the national median home value of $177,500. In addition, the percentage of homes in this zip code that are worth more than $1 million is significantly higher than the national average of just over 2%.

One reason for the high home values in this zip code may be its proximity to Manhattan. The 10305 zip code covers a large area on Staten Island and includes many affluent neighborhoods such as Tompkinsville and Castleton Corners. Additionally, many homes in this area were built before 1975, which may make them more valuable due to their age and historical significance.

Despite the high values in this area, there has been some recent price appreciation activity. The median home value rose 5% from 2016 to 2017 according to Zillow data, although it remains well below the levels seen before the Great Recession. This suggests that there may still be some room for growth in this market if buyers can find properties that fit their needs at a reasonable price.