11104, Sunnyside, NY

The Sunnyside zip code in Queens, NY has a median home value of $527,000 and a median home equity of $136,000. This is higher than the national median home value of $217,500 and the state median home equity of $111,900. The Sunnyside zip code also has a high percentage of homeowners with a mortgage (68%) and a low percentage of homeowners with no mortgage (14%). These numbers are above the national mortgage share (64%) and state mortgage share (24%).

One reason for this high level of homeownership may be that Sunnyside is an affluent area. The zip code has a poverty rate of 10%, which is lower than both the citywide poverty rate (15%) and statewide poverty rate (17%). Additionally, the percentage of adults with at least some college education is above average for Queens County. This may be contributing to the high level of homeownership in Sunnyside.

Despite these positive factors, there are some challenges facing homeowners in Sunnyside. One issue is that prices have been increasing faster than incomes over the past few years. This may make it difficult for people to save enough money to buy a house or to pay off their existing mortgages. Additionally, there are limited options for people who want to sell their homes quickly or who need to downsize.