11417, Ozone Park, NY

The 11417 zip code of Ozone Park, NY has a median home value of $191,000 and a median home equity value of $141,000. The 11417 zip code ranks #1 in terms of both median home values and median home equity values in Queens County. This is likely due to the high concentration of affluent families in this area. In addition, the 11417 zip code is located within close proximity to other affluent neighborhoods such as Whitestone and Rego Park.

Despite the high median home values and equity values in this area, there are still a number of homeowners who are struggling to maintain their homes. For example, approximately 20% of homeowners in the 11417 zip code have at least one outstanding mortgage balance that is more than 90 days past due. This indicates that many homeowners are not able to take advantage of historically low interest rates to refinance their mortgages or obtain new loans. As a result, these homeowners may find themselves facing foreclosure or having to sell their homes at a significantly lower price than they would have if they had been able to keep up with their mortgage payments.

Overall, the 11417 zip code is an extremely prosperous area with high home values and equity values. However, there are still some homeowners who are struggling to maintain their homes and may face difficulty refinancing or obtaining new loans in the future.