11109, Long Island City, NY

The 11109 zip code of Long Island City, NY has a population of over 116,000 people and a median household income of over $100,000. The home equity and home prices in this zip code are both high. In fact, the median home value in this zip code is $1.2 million, which is more than double the national median home value of $217,500.

One reason why the home equity and home prices in this zip code are so high is that there are a lot of affluent residents living in this area. In addition, many homes in this area were built between 2000 and 2010, which was a time when the market was booming and homes were selling for high prices.

Another reason why the home equity and home prices in this zip code are so high is that there is a lot of demand for property here. Many people who live in this area work in Manhattan or Brooklyn, which means that they have easy access to expensive real estate markets. Additionally, many people who live in this area want to be close to amenities such as shopping malls and parks.

Overall, the 11109 zip code of Long Island City is an affluent area with high home values and strong demand for property. This makes it difficult for new homeowners to get into the marketplaces here, which has led to relatively low rates of homeownership throughout much of Long Island City compared to other parts of Queens County.