11364, Oakland Gardens, NY

The 11364 zip code of Oakland Gardens, New York is located in the southeastern part of the city and has a population of around 26,000. The median household income in this zip code is around $100,000 and the median home value is around $550,000.

Home equity is a key factor in determining home prices. In most cases, when a homeowner sells their home, they will receive more money for it if it has more equity than if it doesn't have any equity. Homeowners who have built up equity in their homes can use that money to pay off debt or save for future goals. Additionally, homeowners who have a high level of home equity are less likely to need to take out a loan to buy another house or condo.

There are several factors that affect home prices in Oakland Gardens: the availability of housing stock (new construction or existing homes that are being sold), interest rates (which affect both borrowing costs and how much people can earn on their investments), local economic conditions (which can affect job security and wage growth), and government policies (such as tax rates).

Overall, home prices in Oakland Gardens have been increasing at a slower rate than other parts of New York City over the past few years. However, there has been an uptick recently due to increased demand from buyers who are looking for stable housing values in an area that isn't experiencing too much volatility.