Property Prices in Queens, NY, United States

Index Info
Price to Income Ratio: 16.55
Mortgage as Percentage of Income: 125.94%
Loan Affordability Index: 0.79
Price to Rent Ratio - City Centre: 44.31
Price to Rent Ratio - Outside of Centre: 20.65
Gross Rental Yield (City Centre): 2.26%
Gross Rental Yield (Outside of Centre): 4.84%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,556.25 $ 1,800.00-3,500.00
Apartment (1 bedroom) Outside of Centre 1,982.50 $ 1,500.00-2,500.00
Apartment (3 bedrooms) in City Centre 4,083.33 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,891.67 $ 2,150.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,179.67 $ 1,114.83-3,295.57
Price per Square Feet to Buy Apartment Outside of Centre 758.98 $ 455.22-1,269.39
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,777.17 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.52 4.00-4.75

These data are based on 82 entries in the past 18 months from 14 different contributors.
Last update: March 2021

Sources and References
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