Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$745,223+4.8% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 10% have cut their price
Income needed to buy, per year$161,549About 1.9× the local median income ($84,684): hard to afford
Days on market74 daysAbout the same pace as a year ago
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Queens County, NY is worth $745,223, up 4.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $772,052, so the area is 3.5% undervalued. It is a balanced market, leaning toward sellers: homes take about 74 days to sell, listings are up 6% from a year ago, 10% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $161,549 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,684. Typical rent is $3,273 a month, or $3,198 for a house. In the latest IRS figures, 41,024 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$745,223
Change in 1 year
+4.8%
Overvalued %
−3.5%
Show 7 more
Fair home value
$772,052
Change in 5 years
+9.2%
Zillow forecast, next 12 months
+2.8%
Home value to income
8.8×
Monthly mortgage payment (20% down)
$4,039
Income needed to afford it
$161,549
Property tax rate
0.87%
Rent and investing
Typical rent
$3,273
Typical rent for houses
$3,198
Price-to-rent ratio
19.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,971
Gross rental yield
5.27%
Cap rate (estimate)
3.43%
Market activity
Listings vs a year ago
+6.0%
Days on market
74
Listings with a price cut
10.3%
Show 3 more
Homes for sale
4,516
Pending sales per 100 listings
32
Asking price per sq ft
$592
People and jobs
Median household income
$84,684
Population change (1 year)
−0.4%
Unemployment rate
7.2%
Show 4 more
Population
2,358,182
Income adjusted for cost of living
$75,208
Net moves in (IRS)
−41,024
Cost of living (US = 100)
112.6
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
99.2
Unhealthy air days a year
7
Show 4 more
Flood risk score
99.3
Wildfire risk score
15.5
Walkability (1 to 20)
14.3
Road, rail and air noise
53 dB
Questions people ask
Is Queens County, NY overvalued?
Home prices in Queens County, NY are slightly below what local incomes have historically supported: fair value is about $772,052, so the area is 3.5% undervalued.
Is Queens County, NY a buyer's or seller's market?
Queens County, NY is a balanced market, leaning toward sellers: homes take about 74 days to sell, listings are up 6% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Queens County, NY?
Home values in Queens County, NY are up 4.8% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Queens County, NY?
A household needs about $161,549 a year to afford the typical home in Queens County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,684.