11422, Rosedale, NY

Rosedale is a affluent suburb of the city of New York. The 11422 zip code has a median home value of $2,816,000 and a median household income of $250,000. Rosedale is one of the wealthiest zip codes in New York and has some of the highest home equity values in the state.

The average home value in Rosedale increased by 10% from 2007 to 2016. This was significantly faster than the statewide increase of 5%. The average home value in Rosedale peaked at $3,068,000 in 2013 and has since decreased by 3%. The decrease may be due to stricter lending standards enacted during the housing crisis or increased competition from other affluent suburbs.

Despite this decrease, Rosedale remains one of the most expensive zip codes in New York. The average home value is more than double that of any other zip code in Suffolk County (the county containing Rosedale). Home prices are also much higher than those found elsewhere in New York City or Long Island. In fact, Rosedale is more expensive than any other zip code on Long Island except for Huntington Beach (which is located on California's Orange County).

The high prices and high levels of home equity can be attributed to several factors. First, Rosedale is located within close proximity to both Manhattan and Brooklyn which makes it an attractive location for both homeowners and investors. Second, many wealthy people live in Rosedale which increases demand for homes and drives up prices. Third, there are few available properties for sale compared to other areas within Suffolk County which further drives up prices. Finally, many homeowners have been able to refinance their homes multiple times which has resulted in significant increases in their net worth over time.