11371, Flushing, NY

The 11371 zip code of Flushing, NY has a median home value of $1,078,000. This is significantly higher than the national median home value of $177,500. The high home values in this zip code are likely due to the high concentration of affluent residents in this area.

Home equity is an important factor in determining a person's financial stability. Home equity can be used to pay off debt, purchase additional assets such as stocks or property, or use it as a source of emergency funds. Home prices are also an important indicator of the market's health. When housing prices rise faster than inflation rates, it indicates that there is strong demand for homes and that the economy is healthy overall. Conversely, when housing prices fall below inflation rates, it suggests that there is too much demand for homes and that the economy may be weakening. In Flushing, NY, home values have consistently risen above inflation rates over the past few years which suggests that the local economy is healthy and stable.