Housing affordability · NY · 2024
Queens Housing Affordability
59th cheapest of 62 NY counties by price-to-income ratio · 3193rd of 3,216 nationally · tier rated on the national scale
Queens at a glance
Queens faces affordability pressure on both ownership and rental costs — the price-to-income ratio of 8.4× exceeds the New York state median, and a higher-than-average share of renters spend more than 30% of their income on housing.
At Queens's median household income of $86,136, a renter paying the median monthly rent of $1,956 would commit 27% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
50% of Queens renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 26% spend more than 30% of their income on housing costs — above the NY rate of 19%.
Compared with national medians, Queens's rent-to-income ratio (27%) and price-to-income ratio (8.4) diverge by different amounts — the buying measure diverges further than the rental measure does.
Queens FAQ
What is the median home price in Queens?
The median home value in Queens, NY is $723,800 (2024 ACS 5-year estimate). This is 71% above the New York state median of $423,800.
Is Queens an affordable place to buy a home?
Queens is rated Crisis on the USInsights affordability scale. The price-to-income ratio is 8.4×, meaning the median home costs roughly 8.4 years of median household income ($86,136). Above 7.0× indicates a severe affordability crisis.
What is the average rent in Queens?
The median gross rent in Queens is $1,956 per month (2024 ACS 5-year estimate). 50% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
Explore Queens on the map
See census-tract detail, compare neighbouring counties, and filter by metric across all of New York.
Open on the map