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These days, finding an affordable place to live in the Queens area can be challenging. Home prices in Queens are now at a median cost of $757,355, higher than the New York average of $610,895.
The average cost of rent is $2,042/mo in Queens, primarily driven by the current value of real estate in the Queens area. In Queens, 55.14% of households rent, and 48.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Queens is $7,823 per month. Households that rent pay about 26.10% of their income on rent here. Queens’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellerose Terrace, NY: less expensive homes
- Queens Village, NY: less expensive homes
- Bellerose, NY: equally priced homes
- Saddle Rock, NY: higher priced homes
- Floral Park, NY: equally priced homes
- Great Neck Estates, NY: higher priced homes
- Elmont, NY: less expensive homes
- South Floral Park, NY: less expensive homes
- Russell Gardens, NY: higher priced homes
- Lake Success, NY: higher priced homes
Cities with Similar Populations
- Schaumburg, IL: less expensive homes
- Savannah, GA: less expensive homes
- Schenectady, NY: less expensive homes
- Sandy Springs, GA: less expensive homes
- Santa Rosa, CA: equally priced homes
- Santa Fe, NM: less expensive homes
- Scranton, PA: less expensive homes
- Santa Cruz, CA: higher priced homes
- Scottsdale, AZ: higher priced homes
- San Antonio, TX: less expensive homes
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