Housing in Queens, NY is a valuable asset. The median value of homes in Queens is $748,200, which is significantly higher than the US house median value of $338,100. While the US house appreciation rate is 8.27%, the one year appreciation rate for Queens housing is 4.98%. This indicates that housing prices in Queens have seen steady but moderate growth over the last year.
The median home cost in Queens is $748,200. Home appreciation the last 10 years has been 79.5%. Home Appreciation in Queens is up 9.8%.
Average Age of Homes
- The median age of Queens real estate is 66 years old
The Rental Market in Queens
- Renters make up 52.1% of the Queens population
- 1.5% of houses and apartments in Queens, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.