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These days, finding an affordable place to live in the Long Island City area can be challenging. Home prices in Long Island City are now at a median cost of $913,929, higher than the Queens average of $757,355.
The average cost of rent is $2,850/mo in Long Island City, primarily driven by the current value of real estate in the Long Island City area. In Long Island City, 83.86% of households rent, and 41.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Island City is $11,723 per month. Households that rent pay about 24.32% of their income on rent here. Long Island City’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Roosevelt Island, Manhattan, NY: higher priced homes
- North Sutton Area, Manhattan, NY: higher priced homes
- Sunnyside, Queens, NY: less expensive homes
- Murray Hill, Manhattan, NY: higher priced homes
- Upper East Side, Manhattan, NY: higher priced homes
- Astoria, Queens, NY: equally priced homes
- Greenpoint, Brooklyn, NY: higher priced homes
- Kips Bay, Manhattan, NY: equally priced homes
- Midtown, Manhattan, NY: higher priced homes
- Gramercy, Manhattan, NY: higher priced homes
Neighborhoods with Similar Populations
- Valley Oak, Stockton, CA: less expensive homes
- Estrella, Phoenix, AZ: less expensive homes
- Far Northwest, Fort Worth, TX: less expensive homes
- Flagami, Miami, FL: less expensive homes
- Fordham, Bronx, NY: less expensive homes
- Greenpoint, Brooklyn, NY: higher priced homes
- Humboldt Park, Chicago, IL: less expensive homes
- Lone Mountain, Las Vegas, NV: less expensive homes
- University City, San Diego, CA: equally priced homes
- University Heights, Bronx, NY: less expensive homes
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