South Ozone Park, New York, NY—11420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Ozone Park, New York, NY
As of Oct '25, the median home price in South Ozone Park, New York, NY is $739,000, with a year-over-year change of 4.8%. This indicates that home prices in South Ozone Park, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $739,000 | 4.8% |
| Single Family | $741,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $654,000 | 2.3% |
3 Bed | $745,000 | 5.8% |
4 Bed | $804,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Ozone Park, New York, NY
As of July '25, Rentcast reports the average rent in South Ozone Park, New York, NY is $3,060, with a year-over-year rent change of 12.5%. Per bedroom, the median rent as of July '25 in South Ozone Park, New York, NY is studios: $3,270, 1-bedrooms: $1,750, 2-bedrooms: $2,770, 3-bedrooms: $3,300. The most common rental property sizes in South Ozone Park, New York, NY are 3-bedroom and 2-bedroom, accounting for 38.1% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,060 |
| Studio Rent | $3,300 | $3,270 |
| 1 Bed Rent | $1,500 | $1,750 |
| 2 Bed Rent | $2,800 | $2,770 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Ozone Park, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Ozone Park, New York, NY is 86. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 2.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $750,000 | 3.0% |
Listing Count | 96 | 43.0% |
| Listings as % of Homes | 0.4% | 43.0% |
Days on Market | 86 | 4.0% |
Demographics — South Ozone Park, New York, NY
As of the latest ACS Survey released in 2023, South Ozone Park, New York, NY has a population of 50,100, which has increased by 3.2% over the past 5 years. South Ozone Park, New York, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,100 | 3.2% |
% Under 18 | 18.9% | -4.5% |
% Seniors | 14.7% | 25.6% |
% WFH | 7.6% | 216.7% |
% w/ College Degree | 21.8% | 14.7% |
As of the latest ACS Survey released in 2023, South Ozone Park, New York, NY is a predominantly asian area, with 34.1% of the population identifying as asian. The asian population has grown by 10.0% in the last 5 years. The second most common race or ethnicity in South Ozone Park, New York, NY is hispanic, making up 21.5% of the population. Foreign-born residents account for 53.1% of the population in South Ozone Park, New York, NY, and this percentage has increased by 3.1% 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 | 4.4% | -10.2% |
% Black | 20.9% | -14.7% |
% Hispanic | 21.5% | -10.4% |
% Asian | 34.1% | 10.0% |
% Foreign Born | 53.1% | 3.1% |
Mortgage and Risk — South Ozone Park, New York, NY
According to HUD data as of 2023, there were 229 mortgage originations in South Ozone Park, New York, NY, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in South Ozone Park, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — South Ozone Park, New York, NY
South Ozone Park, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 192 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,200 | $1,500 | $2,700 |
| 2 Bedroom | $190 | $2,800 | $2,990 |
| 3 Bedroom | $530 | $3,200 | $3,730 |
| 4 Bedroom | N/A | N/A | $4,020 |
Affordability — South Ozone Park, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $739,000 |
| Median Household Income | $98,600 |