11421, Woodhaven, NY

Woodhaven, NY is a suburban community located in Nassau County, New York. The 11421 zip code covers a total area of just over 2 square miles and has a population of around 30,000. Home prices in Woodhaven have been on the rise for the past few years, reaching an all-time high of $1.2 million in 2016. This increase in home values has led to an increase in home equity for residents of the 11421 zip code. As of September 2017, the median home value in Woodhaven was $848,000.

The main drivers behind the recent surge in home values are likely attributable to several factors: low interest rates and strong demand from buyers. Low interest rates have made it more affordable for people to borrow money to purchase homes, while strong demand from buyers has resulted from increasing wages and improving economic conditions overall. Additionally, Woodhaven is located within close proximity to both Manhattan and Long Island City which are both major hubs for employment and commerce. These factors have helped make Woodhaven one of the most desirable suburbs in Nassau County.

Despite these positive trends, there are some potential risks associated with increased home values that could impact residents over time: if interest rates rise or if there is another housing market crash; if more people decide to sell their homes than buy them; or if new development projects do not meet expectations (due to zoning restrictions or other issues). In addition, although property taxes are lower than they were a few years ago due to increased home values, they could still go up again should market conditions change adversely. Overall though, it seems likely that Woodhaven's current trend towards increasing home values will continue into 2018 and beyond – making it an attractive place to live for those looking for suburban stability and affordability combined with moderate growth potential