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New York

Queens property values jump, report says

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Property values in Queens have grown faster than those in the other three outer-boroughs in the past five years, according to a new report from the state Comptroller. Since 2000, the report stated, Queens’ property values have grown 161 percent, with an average home in the borough valued at $570,500. Almost half of all Queens residents are homeowners, a rate second only to Staten Island among the five boroughs. more [Crain’s]