Long Island City, New York, NY11106

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$675,000
6.0% YoY Growth
Median Household Income
$85,600
34.3% 5-Year Growth
Days on Market
109
94.0% Longer than last year
Home Price Forecast
0.8%
Median Rent
$3,250
6.9% YoY Growth
1-Bed Rent
$3,200
12.8% YoY Growth
2-Bed Rent
$3,700
7.4% YoY Growth
3-Bed Rent
$4,200
11.2% YoY Growth

Other Zip Codes in Long Island City, New York, NY

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 109. This is a increase of 94.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$784,00014.0%
Listing Count
880.0%
Listings as % of Homes0.3%0.0%
Days on Market
10994.0%
Loading chart...

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 40,700, which has increased by 6.0% over the past 5 years. Long Island City, New York, NY is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 52.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.

MetricLatest CensusYoY % Change
Population
40,7006.0%
% Under 18
15.4%4.8%
% Seniors
14.0%2.9%
% WFH
20.5%454.1%
% w/ College Degree
52.3%4.8%
Loading chart...

As of the latest ACS Survey released in 2023, Long Island City, New York, NY is a predominantly white area, with 41.6% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Long Island City, New York, NY is hispanic, making up 26.9% of the population. Foreign-born residents account for 39.3% of the population in Long Island City, New York, NY, and this percentage has decreased by 3.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
41.6%1.2%
% Black
8.0%12.7%
% Hispanic
26.9%-4.9%
% Asian
18.5%-12.3%
% Foreign Born
39.3%-3.0%
Loading chart...

Mortgage and Risk — Long Island City, New York, NY

According to HUD data as of 2023, there were 182 mortgage originations in Long Island City, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Long Island City, New York, NY. Investor activity is low, as 4.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
182
% Conventional Loans
99.0%
% Government Loans
1.0%
% Investor Loans
4.0%
% Second Loans
2.0%
% Cash Out Refinance
2.0%

Loan Activity

Loading chart...
Loading chart...

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 7.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Long Island City, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD
3,317
Total Units Section 8
1,087
% Rentals under Section 8
7.0%
% Occupied Section 8
93.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$430$3,200$2,770
2 Bedroom-$630$3,700$3,070
3 Bedroom-$370$4,200$3,830
4 Bedroom$2,910$1,220$4,130

Affordability — Long Island City, New York, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio9.6
Median Home Price$675,000
Median Household Income$85,600

Long Island City, New York, NY — ZIP Code Boundary Map

Loading map...

Frequently Asked Questions