11102, Astoria, NY

There are a number of factors that affect home prices in any given area, including the availability of housing, interest rates, and local economic conditions. However, one of the most important factors affecting home prices is the level of equity homeowners have in their homes.

In general, homeowners with a high level of equity in their homes are more likely to be able to sell them for a higher price than those who have less equity. This is because buyers are more likely to be willing to pay more for a home that they believe has greater value than one that they perceive as being worth less.

According to Zillow, the median home value in Astoria, NY was $527,500 as of September 2017. This means that half of all homes in this zip code were worth more than $500,000 and just over one-third were worth more than $1 million. Given these high values, it is no surprise that homeowners with a high level of equity in their homes are generally able to sell them for a higher price than those who have less equity.

One measure of homeowners' level of equity is their "net worth." Net worth is calculated by subtracting total liabilities from total assets and then dividing that figure by total liabilities. According to Zillow's 2017 Home Value report (which covers all 50 states), Astoria residents had an average net worth of $269,200 as of September 2017 - which puts them above the national average but below some other well-known coastal cities like San Francisco and Seattle.

While there are many factors that affect home prices - including interest rates and local economic conditions - it is clear that homeowners' level of equity is one key factor influencing how much they can sell their homes for. As long as there are plenty of buyers interested in purchasing homes in Astoria with high levels of equity - and assuming interest rates stay low - prices should continue to rise over time here."