What is the median home value in Queens County, NY?

The median home value in Queens County, NY is $699,200, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Queens County, NY?

The cap rate proxy in Queens County, NY is 4.0% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Queens County, NY?

Queens County has 2.3 million residents and issued 3,843 building permits over the trailing twelve months, according to the Census Building Permits Survey.

New York-Newark-Jersey City, NY-NJ-PA · New York

Queens County

2.3M residents3,843 permits TTM$84,961 median HHI66 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$699,200

ACS 5-Year

Cap rate proxy

4.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

27.0%

HUD FMR ÷ ACS HHI

Net migration

+1.86%

IRS SOI

Permits (TTM)

3,843

Census BPS

Climate risk

99.2

FEMA NRI (0–100)

ZIP code breakdown66 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
11372	—	—	—	6.7%	-2.7%
11415	—	—	—	8.0%	-5.8%
11104	—	—	—	6.2%	-19.9%
11373	—	—	—	5.6%	-5.0%
11367	—	—	—	6.0%	-11.3%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	8.3%	-28.7%
—	—	—	7.8%	-95.7%
—	—	—	6.8%	-27.8%
—	—	—	6.7%	-48.7%
—	—	—	6.3%	-24.7%
—	—	—	5.9%	-16.2%
—	—	—	5.8%	-44.1%
—	—	—	5.8%	-30.2%
—	—	—	5.6%	-35.7%
—	—	—	5.4%	-22.2%
—	—	—	5.4%	-29.6%
—	—	—	5.3%	-19.1%
—	—	—	5.2%	-11.1%
—	—	—	5.0%	-30.1%
—	—	—	4.8%	-13.6%
—	—	—	4.8%	-34.8%
—	—	—	4.7%	-19.8%
—	—	—	4.7%	1.1%
—	—	—	4.5%	-19.4%
—	—	—	4.5%	-20.6%
—	—	—	4.5%	-19.8%
—	—	—	4.4%	-81.5%
—	—	—	4.3%	-18.3%
—	—	—	4.3%	-33.9%
—	—	—	4.3%	-28.4%
—	—	—	4.1%	-22.9%
—	—	—	4.1%	-4.0%
—	—	—	4.1%	-14.0%
—	—	—	4.0%	-9.1%
—	—	—	3.9%	-4.3%
—	—	—	3.7%	17.6%
—	—	—	3.7%	-20.2%
—	—	—	3.7%	-15.8%
—	—	—	3.7%	-9.6%
—	—	—	3.6%	-11.9%
—	—	—	3.4%	-8.8%
—	—	—	3.4%	17.6%
—	—	—	3.4%	-34.1%
—	—	—	3.3%	-17.6%
—	—	—	3.3%	-17.1%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.3%	17.6%
—	—	—	3.2%	17.6%
—	—	—	3.2%	17.6%
—	—	—	3.2%	17.6%
—	—	—	3.2%	17.6%
—	—	—	3.0%	17.6%
—	—	—	3.0%	-16.4%
—	—	—	3.0%	-16.5%
—	—	—	3.0%	-24.9%
—	—	—	3.0%	-9.1%
—	—	—	3.0%	17.6%
—	—	—	2.8%	17.6%
—	—	—	2.6%	-3.3%

Demographics

Owner-occupied

44.9%

Census ACS

Vacancy rate

8.3%

Census ACS

Bachelor's degree +

35.3%

Census ACS

Rent burdened

49.6%

Census ACS (>30% income)

Median age

40.4

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Queens County

See all 66 ZIPs ranked by yield and cap rate