Long Island City, New York, NY—11101
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Long Island City, New York, NY
Home Price Trends — Long Island City, New York, NY
As of Oct '25, the median home price in Long Island City, New York, NY is $1,135,000, with a year-over-year change of 4.5%. This indicates that home prices in Long Island City, 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 | $1,135,000 | 4.6% |
| Single Family | $1,491,000 | 2.8% |
| Condos | $1,111,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $915,000 | -0.2% |
2 Bed | $1,441,000 | 2.0% |
3 Bed | $2,069,000 | 3.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Long Island City, New York, NY
As of July '25, Rentcast reports the average rent in Long Island City, New York, NY is $4,940, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Long Island City, New York, NY is studios: $3,690, 1-bedrooms: $4,430, 2-bedrooms: $6,050, 3-bedrooms: $7,260, 4-bedrooms: $6,500. The most common rental property sizes in Long Island City, New York, NY are 1-bedroom and 2-bedroom, accounting for 44.4% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,650 | $4,940 |
| Studio Rent | $3,600 | $3,690 |
| 1 Bed Rent | $4,430 | $4,430 |
| 2 Bed Rent | $6,200 | $6,050 |
| 3 Bed Rent | $7,250 | $7,260 |
| 4 Bed Rent | $5,000 | $6,500 |
% of Rental Stock
Property Listings — Long Island City, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Long Island City, New York, NY is 88. This is a increase of 30.0% 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 3.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $995,000 | -2.0% |
Listing Count | 381 | 20.0% |
| Listings as % of Homes | 1.3% | 20.0% |
Days on Market | 88 | 30.0% |
Demographics — Long Island City, New York, NY
As of the latest ACS Survey released in 2023, Long Island City, New York, NY has a population of 39,000, which has increased by 29.8% over the past 5 years. Long Island City, New York, NY is a less popular place for families, as children make up 14.6% of the population. The area has a highly educated workforce, with 65.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | 29.8% |
% Under 18 | 14.6% | -19.3% |
% Seniors | 8.2% | -1.2% |
% WFH | 23.1% | 579.4% |
% w/ College Degree | 65.4% | 36.3% |
As of the latest ACS Survey released in 2023, Long Island City, New York, NY is a predominantly white area, with 33.7% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Long Island City, New York, NY is asian, making up 31.2% of the population. Foreign-born residents account for 41.3% of the population in Long Island City, New York, NY, and this percentage has increased by 15.4% 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 | 33.7% | 4.0% |
% Black | 10.7% | -31.8% |
% Hispanic | 18.9% | -28.1% |
% Asian | 31.2% | 36.8% |
% Foreign Born | 41.3% | 15.4% |
Mortgage and Risk — Long Island City, New York, NY
According to HUD data as of 2023, there were 314 mortgage originations in Long Island City, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Long Island City, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 314 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Long Island City, New York, NY
As of 2024, the percent of homes in Long Island City, New York, NY under the Section 8 program is 1.0%. 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 Long Island City, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3,420 |
Total Units Section 8 | 220 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,380 | $4,430 | $3,050 |
| 2 Bedroom | -$2,820 | $6,200 | $3,380 |
| 3 Bedroom | -$3,040 | $7,250 | $4,210 |
| 4 Bedroom | -$460 | $5,000 | $4,540 |
Affordability — Long Island City, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9 |
| Median Home Price | $1,135,000 |
| Median Household Income | $117,000 |