Queens County, New York Housing Market
In Queens County, New York, the median home value is $723,800, with a median monthly rent of $1,956. This places Queens County at #46 nationally out of 3134 counties by median home value, and #3 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,244
- Establishments: 56,692
- BLS QCEW, 2025
Housing Supply
- Single-family: 52
- Multi-family: 3,343
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,022,081 (avg $66,445)
- Outflow: 1,040,630 (avg $67,223)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Queens County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 11694 | 287.1 | -5.70% | 2025 |
| 2 | 11415 | 332.4 | — | 2025 |
| 3 | 11356 | 327.1 | — | 2025 |
| 4 | 11693 | 365.7 | +17.73% | 2025 |
| 5 | 11374 | 348.2 | +7.73% | 2025 |
| 6 | 11362 | 293.9 | +3.48% | 2025 |
| 7 | 11365 | 344.9 | +0.78% | 2025 |
| 8 | 11414 | 281.5 | +15.28% | 2025 |
| 9 | 11375 | 334.8 | +4.99% | 2025 |
| 10 | 11432 | 378.3 | +17.34% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Queens County Compares
| Metric | Queens County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $723,800 | $281,200 | $227,706 |
| Median Gross Rent | $1,956 | $1,168 | $968 |
| Owner Occupancy Rate | 44.9% | 69.3% | 73.3% |
| Price/Rent Ratio | 30.8 | 18.4 | 18.7 |
Market Analysis
The median home value in Queens County is 157.4% above the New York state average and 217.9% above the U.S. national average. The median rent of $1,956/month is 67.5% above the state average.
With a price-to-rent ratio of 30.8, Queens County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Queens County has an owner-occupancy rate of 44.9%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Fairfax city | Virginia | $722,600 | $2,245 |
| San Miguel County | Colorado | $720,700 | $1,149 |
| Middlesex County | Massachusetts | $727,800 | $2,201 |
| Fairfax County | Virginia | $732,800 | $2,276 |
| Douglas County | Colorado | $713,600 | $2,193 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Nassau County | $684,700 | $2,252 | 81.9% |
| Richmond County | $675,500 | $1,733 | 67.7% |
| Westchester County | $663,200 | $1,951 | 61.8% |
| Rockland County | $596,900 | $1,901 | 67.9% |
| Suffolk County | $578,400 | $2,255 | 82.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).