52 / 100

Queens County, NY

RANK #476 / 996 NAT  ·  #29 / 45 NY  ·  POP 2,360,826

1YR FORECAST: +1.1%

5YR OUTLOOK: +24%

#11 Most Overvalued
Queens County's housing market is projected to grow +1.1% over the next year, tracking near the national average.

[01] Why Queens County?

Flushing Meadows Corona Park, home to the iconic Unisphere from the 1964 World's Fair, anchors Queens County, New York. This borough, the largest in New York City by area, sits on Long Island, bordering Brooklyn and Nassau County to its east. Commuting to Manhattan is common, with subway lines like the E, F, N, R, and 7 providing direct access, alongside extensive bus routes and ferry services. Queens offers a diverse community feel, with neighborhoods ranging from the urban density of Long Island City and Astoria to more suburban areas. Outdoor recreation is accessible through numerous parks, including Alley Pond Park with its hiking trails and the Rockaway Beach and Boardwalk, the city's only legal surfing beach.

Life in Queens is characterized by its diversity, with nearly half of its residents being foreign-born. The borough is considered a desirable location for families, offering a blend of urban amenities and community spirit, with public schools generally performing above average. The economy is diverse, with growth in sectors such as business services, healthcare, and leisure and hospitality. Recent developments indicate continued investment in residential and commercial properties, particularly in areas like Long Island City, Sunnyside, and Woodside, which are experiencing increased business activity and housing development.

[02] Market Snapshot

Housing Ratio
14.4x

Overvalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+5.1%

Outpacing national median

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
19x

Above national median (13x)

Housing looks overvalued at 14.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    New York City Public Schools Education
    50,000+
  2. 2
    Healthcare and Social Assistance Sector Healthcare
  3. 3
    Metropolitan Transportation Authority (MTA) Government
  4. 4
    Costco Wholesale Retail
    10,000+
  5. 5
    Walmart Retail
  6. 6
    United States Postal Service Government
  7. 7
    Target Retail
  8. 8
    Smithsonian Institution Other
    5,000+
  9. 9
    Nasdaq Finance
    1,000+
  10. 10
    Sirius XM Radio Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Queens County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,360,826
-1.35% YoY
Median Household Income
$82,431
Median Home Value
$677,700
+5.07% 12mo
Median Rent
$1,847
Average Annual Pay
$67,719
+1.1% YoY
Employment
770,653
+4.5% YoY
Income-to-Home-Value
0.1216
Less affordable than average
Migration Inflow
1.8%
of pop. from another state
Bachelor's Degree+
34.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$780,000
Days on Market
63
Slower market
Months of Supply
6.3
Buyer's market
Sale-to-List Ratio
96.9%
Negotiation room for buyers
Sold Above List
18.7%
Listings w/ Price Drops
11.0%
Building Permits (2024)
5,302
Single-Family Permits
56

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.9
per 100K · nat avg 6.3
Firearm Fatalities
2.5
per 100K · nat avg 14.8
Injury Deaths
42.7
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
48.0
Good
Good Air Days
55%
606 of 1,095 days
Unhealthy+ Days (3yr)
24
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
47
2022
47
2023
50
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$23,256M
TOTAL
PROJECT AMOUNT STATUS
Ravenswood Generating Station Redevelopment & Offshore Wind Hub (Queensboro Renewable Express)
Rise Light & Power, TotalEnergies, Corio Generation
$20,000M Planned
OneLIC (Long Island City Neighborhood Plan)
NYC Department of City Planning, City Council
$2,000M Planned
Jamaica Neighborhood Plan
NYC Department of City Planning, City Council
$700M Approved
Ravenswood Generating Station Battery Storage
Undisclosed (approved by NYS Public Service Commission)
$316M Under Construction
Astoria Energy Storage Project (East River Energy Storage Project)
174 Power Global (supported by NYCIDA)
$150M Planned
Queens Solar Energy Portfolio (JFK Airport Solar Carport & Community Solar)
Port Authority of New York and New Jersey (JFK), various (Community Solar)
$90M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth -1.4% 2 percentile
Income Growth +8.6% 53 percentile
Vacancy Rate 1.0% 52 percentile
Home Price Change +5.1% 90 percentile
Rent Growth +4.4% 72 percentile
Price/Rent 19x 12 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Queens County, NY a good place to move to?

Queens County scores 52/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#476). Median household income is $82,431 and job growth is running at +4.5%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Queens County affordable?

Affordability is a real challenge in Queens County. The median home is valued at $677,700 — with an income-to-home-value ratio of just 0.12, that's significantly harder to afford than in most U.S. counties. Median rent runs $1,847/month.

Is Queens County growing or shrinking?

It's a mixed picture in Queens County. The population is declining (-1.4% YoY), but employers are actually hiring — job growth is at +4.5%. Home values moved +5.1% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Queens County?

Not particularly — 1.8% of Queens County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

How is the housing market in Queens County?

Home values climbed +5.1% year-over-year, which is a solid pace of appreciation. The median home in Queens County is now valued at $677,700. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Columbia County, NY 52 New York County, NY 52 Nassau County, NY 50 Monroe County, NY 50 Bronx County, NY 49 Washington County, NY 56 Palm Beach County, FL 54 San Bernardino County, CA 57