11359, Bayside, NY

Home Equity and Home Prices in the 11359 Zip Code of Bayside, NY

The home equity and home prices in the 11359 zip code of Bayside, NY are very high. In fact, according to Zillow, the median home value in this zip code is $1.2 million. This is a far cry from some other zip codes in the area, such as 11355 (which has a median home value of $527,000) or 11516 (which has a median home value of $812,500). This high level of home equity is likely due to the many affluent residents who live in this area. Additionally, many homes here were built before the 2008 recession hit and have remained relatively stable since then.

Despite these high levels of home equity, it's important to remember that homeownership rates in this area are still quite low – only about 54% of households here are owner-occupied. This means that there is plenty of room for potential buyers to enter the market and drive up prices even more. However, given how expensive homes here already are, it's unlikely that anyone will be able to purchase one anytime soon!