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These days, finding an affordable place to live in the Far Rockaway area can be challenging. Home prices in Far Rockaway are now at a median cost of $611,331, lower than the Queens average of $757,355.
The average cost of rent is $1,464/mo in Far Rockaway, primarily driven by the current value of real estate in the Far Rockaway area. In Far Rockaway, 69.16% of households rent, and 35.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Far Rockaway is $5,831 per month. Households that rent pay about 25.10% of their income on rent here. Far Rockaway’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Arverne, Queens, NY: higher priced homes
- Rockaway Park, Queens, NY: higher priced homes
- Rosedale, Queens, NY: higher priced homes
- Springfield Gardens, Queens, NY: higher priced homes
- Laurelton, Queens, NY: higher priced homes
- Rochdale Village, Queens, NY: less expensive homes
- South Ozone Park, Queens, NY: higher priced homes
- Locust Manor, Queens, NY: equally priced homes
- Howard Beach, Queens, NY: equally priced homes
- Cambria Heights, Queens, NY: equally priced homes
Neighborhoods with Similar Populations
- Far North Dallas-Keller, Keller, TX: less expensive homes
- West Ridge, Chicago, IL: less expensive homes
- Forest Hills, Queens, NY: higher priced homes
- Estrella, Phoenix, AZ: less expensive homes
- Westchase, Houston, TX: less expensive homes
- Cedar Crest, Dallas, TX: less expensive homes
- East End, Houston, TX: less expensive homes
- Chelsea, Manhattan, NY: higher priced homes
- Downtown San Jose, San Jose, CA: higher priced homes
- Covina-Valley, Covina, CA: higher priced homes
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