11103, Astoria, NY

The zip code of 11103 in Astoria, New York has a population of around 100,000 people. The median home value in this zip code is $471,000 which makes it one of the more expensive zip codes in the area. Home equity is a key factor in home prices and according to Zillow, the average home equity loan-to-value ratio for homes in this zip code is 97%. This means that homeowners have a lot of equity in their homes which can be used to finance other items such as a down payment on a new home or to pay off debts.

Another important factor when looking at home prices is the level of demand and supply. In general, there is greater demand for homes near major cities and suburbs while there is less demand for homes near rural areas. This can lead to higher prices near urban areas and lower prices near rural areas. The 11103 zip code falls into the second category which may account for some of the higher home values here.

Overall, Astoria appears to be an affluent area with high levels of home equity andhome prices. While there may be some competition from other areas within Queens County due to increased housing stock available, it seems that Astoria will continue to be one ofthe most desirable places to live in New York City