11356, College Point, NY

Home Equity in the College Point, NY 11356 Zip Code

The home equity in the College Point, NY 11356 zip code has increased significantly over the past few years. In fact, according to Zillow, as of September 2018, the median home value in this zip code was $1,085,000. This is a significant increase from just five years ago when the median home value was only $625,000.

One reason for this increase in home equity is likely due to the strong economy that we have currently been experiencing. Many people are now able to afford more expensive homes than they would have been able to previously due to strong job growth and wages. Additionally, many people are now able to take advantage of low interest rates which also contribute to increased home values.

Another factor that may be contributing to increased home values in this zip code is its location. College Point is located in a desirable area of Long Island which has seen a lot of growth recently due to its proximity to New York City and other major metropolitan areas. As a result, there are a lot of people who want to live here and invest in property accordingly.

Overall, it seems that both factors – strong economy and attractive location – are contributing significantly towards increased home values in this particular zip code. If you are looking for an area where prices have continued to rise steadily over time then you should definitely consider living in College Point!