The housing market in Queens, NY County is thriving. With a median value of $604,400, it is significantly higher than the US House Median Value of $338,100. This indicates that homes in Queens are much more expensive than the national average. Additionally, although the US 1 year appreciation rate is 8.27%, the house 1 year appreciation rate in Queens County is slightly lower at 7.27%. Despite this slightly lower rate of appreciation, it is clear that houses in Queens remain highly desirable and are continuing to appreciate in value over time.
The median home cost in Queens County is $604,400. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Queens County is up 9.8%.
Average Age of Homes
- The median age of Queens County real estate is 66 years old
The Rental Market in Queens County
- Renters make up 52.1% of the Queens County population
- 1.5% of houses and apartments in Queens County, 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.