11769, Oakdale, NY

The 11769 zip code of Oakdale, NY has a median home value of $269,000 and a median home equity value of $153,000. This is significantly higher than the statewide median home value of $179,500 and the national median home equity value of $177,200. The Oakdale area has seen an increase in both home values and home equity values over the past five years. In 2013, the median home value was $248,000 and the median home equity value was $141,000. In 2016, the median home value increased to $269,000 and the median home equity value increased to $153,000. This trend is likely due to several factors including an increase in population density in this area as well as an increase in demand for homes due to strong job growth.

One important factor that affects both home values andhome equity values is interest rates. When interest rates are high (as they are currently), it makes it more difficult for people to borrow money to buy a house or to refinance their existing mortgage. This can lead to lower housing prices and lowerhome equity values. Conversely, when interest rates are low (as they were during much ofthe 2000s), it makes it more difficult for people to pay off their mortgages or borrow money against their homes'values in order to invest elsewhere. Low interest rates can also leadto an increase in housing prices andhome equity values because people have more money availableto spend on housesandbecause lenders are less likelyto require high down payments on houses wheninterest rates are low.