Maspeth, New York, NY—11378
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Maspeth, New York, NY
As of Oct '25, the median home price in Maspeth, New York, NY is $853,000, with a year-over-year change of 4.8%. This indicates that home prices in Maspeth, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $853,000 | 4.8% |
| Single Family | $873,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $744,000 | 4.2% |
3 Bed | $885,000 | 4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Maspeth, New York, NY
As of July '25, Rentcast reports the average rent in Maspeth, New York, NY is $2,950, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Maspeth, New York, NY is 1-bedrooms: $2,270, 2-bedrooms: $2,880, 3-bedrooms: $3,220, 4-bedrooms: $3,500. The most common rental property sizes in Maspeth, New York, NY are 2-bedroom and 3-bedroom, accounting for 40.3% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,270 |
| 2 Bed Rent | $2,700 | $2,880 |
| 3 Bed Rent | $3,200 | $3,220 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Maspeth, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Maspeth, New York, NY is 57. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $879,000 | 11.0% |
Listing Count | 53 | 69.0% |
| Listings as % of Homes | 0.2% | 69.0% |
Days on Market | 57 | -21.0% |
Demographics — Maspeth, New York, NY
As of the latest ACS Survey released in 2023, Maspeth, New York, NY has a population of 37,800, which has increased by 1.5% over the past 5 years. Maspeth, New York, NY is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | 1.5% |
% Under 18 | 22.5% | -3.8% |
% Seniors | 14.8% | 17.5% |
% WFH | 6.4% | 137.0% |
% w/ College Degree | 26.2% | -7.4% |
As of the latest ACS Survey released in 2023, Maspeth, New York, NY is a predominantly white area, with 47.8% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Maspeth, New York, NY is hispanic, making up 34.8% of the population. Foreign-born residents account for 41.3% of the population in Maspeth, New York, NY, and this percentage has increased by 7.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.8% | -11.6% |
% Black | 0.8% | -52.9% |
% Hispanic | 34.8% | 8.1% |
% Asian | 14.8% | 43.7% |
% Foreign Born | 41.3% | 7.8% |
Mortgage and Risk — Maspeth, New York, NY
According to HUD data as of 2023, there were 173 mortgage originations in Maspeth, New York, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Maspeth, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Maspeth, New York, NY
As of 2024, the percent of homes in Maspeth, New York, NY under the Section 8 program is 1.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Maspeth, New York, NY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 77 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $2,200 | $2,590 |
| 2 Bedroom | $170 | $2,700 | $2,870 |
| 3 Bedroom | $380 | $3,200 | $3,580 |
| 4 Bedroom | $360 | $3,500 | $3,860 |
Affordability — Maspeth, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $853,000 |
| Median Household Income | $84,800 |