11231, Brooklyn, NY

Brooklyn, New York is a borough of New York City that has seen an increase in home equity and home prices over the past few years. The 11231 zip code, which covers parts of Brooklyn, has seen the highest increase in home equity and home prices.

According to Zillow, the median home value in the 11231 zip code was $1,078,200 as of September 2017. This is a 22% increase from 2016 when the median home value was $871,100. The 11231 zip code also had a 12% increase in homes sold over the past year compared to 2017. This indicates that there is strong demand for homes in this area.

The average sale price for homes in the 11231 zip code was $1,296,500 as of September 2017. This is a 20% increase from 2016 when the average sale price was $1,141,700. It is important to note that this figure does not include condominiums or co-ops which are also popular in this area.

There are many reasons why homeownership rates and home values have increased in the 11231 zip code over recent years. One reason may be that there are more jobs available within commuting distance of this area due to growth within industries such as technology and healthcare. Additionally, many people are choosing to live closer to work because they appreciate how convenient it is to have access to amenities such as restaurants and shopping centers without having to drive long distances. Another reason may be that interest rates have remained low for longer periods of time which makes it more affordable for people to buy a house or invest in their home equity