The Real Deal New York

Map charts home value declines by zip code

June 28, 2011 12:22PM

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No region was spared from the U.S. housing collapse, but some had it worse than others. The Wall Street Journal and Zillow mapped out housing price declines from 2006 to the present by different zip codes in six major markets, Seattle, San Francisco, Los Angeles, Washington, D.C., Chicago and New York, and found that housing prices slumped worse in poorer center-city neighborhoods and distant suburbs, while upscale areas retained much of their value. Zillow said because subprime loans were handed out more frequently in lower-priced neighborhoods, and because those areas developed excess supply during the boom, they were hit harder by the recession. The price maps show that New York City retained much of its value, and zip code 10128, which covers part of the Upper East Side, actually retained its 2006 value. See the complete breakdown in New York below. [WSJ]


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