Property Prices in Queens, NY, United States

Index Info
Price to Income Ratio: 10.68
Mortgage as Percentage of Income: 87.64%
Loan Affordability Index: 1.14
Price to Rent Ratio - City Centre: 29.10
Price to Rent Ratio - Outside of Centre: 17.41
Gross Rental Yield (City Centre): 3.44%
Gross Rental Yield (Outside of Centre): 5.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,223.00 $ 1,200.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,875.00 $ 1,200.00-2,400.00
Apartment (3 bedrooms) in City Centre 4,233.33 $ 2,100.00-5,600.00
Apartment (3 bedrooms) Outside of Centre 3,116.67 $ 2,850.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,345.20 $ 1,096.25-1,544.59
Price per Square Feet to Buy Apartment Outside of Centre 638.92 $ 590.12-743.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,000.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 5.43-7.00

These data are based on 45 entries in the past 18 months from 10 different contributors.
Last update: March 2023

Sources and References
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