11206, Brooklyn, NY

The 11206 zip code of Brooklyn, NY has a median home value of $814,000 and a median home equity value of $236,000. This is higher than the citywide median home value of $669,000 and the statewide median home equity value of $217,500. The 11206 zip code also has a higher than average percentage of homes with mortgages at 84%, compared to the citywide mortgage rate of 74%.

There are several factors that may contribute to the high home values in the 11206 zip code. One factor is that Brooklyn is one of the most expensive cities in New York State. Additionally, many homes in this zip code are owner-occupied rather than rented, which may lead to increased values due to appreciation over time. Finally, there is a high concentration of wealthy residents in this area who may be able to afford higher prices.