11360, Bayside, NY

Home Equity and Home Prices in the 11360 Zip Code of Bayside, NY

The home equity and home prices in the 11360 zip code of Bayside, NY are very high. The median home value in this zip code is $1,049,000 which is more than double the national median home value of $269,500. The average home value in this zip code is also much higher than the statewide average of $465,000. This indicates that there are a lot of homes in this zip code that are worth a lot more than what most people would consider to be a reasonable price.

One reason why the homes in this zip code are so valuable is that they are located near some very affluent neighborhoods. For example, the zip code includes parts of Bay Shore and Huntington Bay which both have median household incomes above $200,000. Additionally, many of the homes in this area were built before 1990 which means that they are likely to be larger and have more features than homes built today. This makes them especially desirable to people who want to live in an expensive neighborhood without having to deal with all the hassles associated with living there (like traffic congestion).

Despite being so valuable, it's important to keep in mind that not everyone can afford to buy or sell a home at these prices. In fact, according to Zillow's 2018 Home Value Index report , only 5% of households within ZIP Code 11360 can afford a purchase at or above asking price . Additionally, while there may be a lot of houses for sale at high prices right now , it's possible that demand will eventually outstrip supply and prices will drop back down closer to their typical levels .