11372, Jackson Heights, NY

The Jackson Heights zip code in Queens, New York has a population of over 260,000 and a median household income of over $101,000. The home equity and home prices in this zip code are both very high. As of September 2017, the median home value in this zip code was $1.2 million. The home equity in this zip code is also very high; as of September 2017, the median home equity in this zip code was $1.5 million. This means that almost half of all households in this zip code have more than $1 million worth of home equity.

One reason why the home values and home equity are so high in the Jackson Heights zip code is because there is a lot of demand for housing here. There are many affluent people living in Jackson Heights, and they want to buy homes that they can afford to live in and raise their families in. Additionally, there is a lot of investment money flowing into Jackson Heights right now because the stock market is doing well overall. So many people are looking to invest their money into real estate here because they believe that it will continue to do well over time.

However, there are some risks associated with buying homes in Jackson Heights right now; one example is that interest rates could go up soon and make it harder for people to afford their mortgages payments. Another risk is that the economy could take a downturn again and make it difficult for people to find jobs or earn enough money to pay their mortgages on time. In either case, if someone does not have enough money saved up to cover these costs (in addition to other possible costs associated with owning a house), then they might be forced to sell their house at a loss or foreclosure auction instead.