Ozone Park, New York, NY11416

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$734,000
3.5% YoY Growth
Median Household Income
$85,500
26.8% 5-Year Growth
Days on Market
60
1.0% Shorter than last year
Home Price Forecast
1.2%
Median Rent
$2,800
1.4% YoY Growth
1-Bed Rent
$1,350
21.5% YoY Growth
2-Bed Rent
$2,600
24.4% YoY Growth
3-Bed Rent
$2,900
0.0% YoY Growth

Other Zip Codes in Ozone Park, New York, NY

Property Listings — Ozone Park, New York, NY

As of Oct '25, Realtor.com reports that the median days on market for a home in Ozone Park, New York, NY is 60. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$754,00022.0%
Listing Count
1859.0%
Listings as % of Homes0.1%59.0%
Days on Market
60-1.0%
Loading chart...

Demographics — Ozone Park, New York, NY

As of the latest ACS Survey released in 2023, Ozone Park, New York, NY has a population of 26,700, which has decreased by -1.7% over the past 5 years. Ozone Park, New York, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.

MetricLatest CensusYoY % Change
Population
26,700-1.7%
% Under 18
21.4%-10.5%
% Seniors
13.8%35.3%
% WFH
12.1%255.9%
% w/ College Degree
24.8%15.9%
Loading chart...

As of the latest ACS Survey released in 2023, Ozone Park, New York, NY is a predominantly hispanic area, with 43.3% of the population identifying as hispanic. The hispanic population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Ozone Park, New York, NY is asian, making up 32.7% of the population. Foreign-born residents account for 53.9% of the population in Ozone Park, New York, NY, and this percentage has increased by 6.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
11.9%-6.3%
% Black
5.1%-19.0%
% Hispanic
43.3%-4.0%
% Asian
32.7%-1.8%
% Foreign Born
53.9%6.1%
Loading chart...

Mortgage and Risk — Ozone Park, New York, NY

According to HUD data as of 2023, there were 75 mortgage originations in Ozone Park, New York, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Ozone Park, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
75
% Conventional Loans
84.0%
% Government Loans
16.0%
% Investor Loans
5.0%
% Second Loans
0.0%
% Cash Out Refinance
7.0%

Loan Activity

Loading chart...
Loading chart...

Rentals and Section 8 — Ozone Park, New York, NY

As of 2024, the percent of homes in Ozone Park, New York, NY under the Section 8 program is 6.6%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ozone Park, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD
233
Total Units Section 8
233
% Rentals under Section 8
6.6%
% Occupied Section 8
86.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$930$1,350$2,280
2 Bedroom-$80$2,600$2,520
3 Bedroom$240$2,900$3,140
4 Bedroom-$410$3,800$3,390

Affordability — Ozone Park, New York, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio8.2
Median Home Price$734,000
Median Household Income$85,500

Ozone Park, New York, NY — ZIP Code Boundary Map

Loading map...

Frequently Asked Questions