Ozone Park, New York, NY—11416
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Ozone Park, New York, NY
Home Price Trends — Ozone Park, New York, NY
As of Oct '25, the median home price in Ozone Park, New York, NY is $734,000, with a year-over-year change of 3.5%. This indicates that home prices in Ozone Park, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $734,000 | 3.5% |
| Single Family | $740,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $734,000 | 4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ozone Park, New York, NY
As of July '25, Rentcast reports the average rent in Ozone Park, New York, NY is $2,800, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Ozone Park, New York, NY is studios: $3,200, 1-bedrooms: $1,680, 2-bedrooms: $2,650, 3-bedrooms: $3,020, 4-bedrooms: $4,050. The most common rental property sizes in Ozone Park, New York, NY are 2-bedroom and 3-bedroom, accounting for 40.8% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | $3,200 | $3,200 |
| 1 Bed Rent | $1,350 | $1,680 |
| 2 Bed Rent | $2,600 | $2,650 |
| 3 Bed Rent | $2,900 | $3,020 |
| 4 Bed Rent | $3,800 | $4,050 |
% of Rental Stock
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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $754,000 | 22.0% |
Listing Count | 18 | 59.0% |
| Listings as % of Homes | 0.1% | 59.0% |
Days on Market | 60 | -1.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $734,000 |
| Median Household Income | $85,500 |