Long Island City, New York, NY—11106
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 $675,000, with a year-over-year change of 6.0%. This indicates that home prices in Long Island City, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $675,000 | 6.0% |
| Single Family | $1,280,000 | 10.3% |
| Condos | $624,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $611,000 | 8.0% |
2 Bed | $786,000 | 8.1% |
3 Bed | N/A | N/A |
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 $3,410, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Long Island City, New York, NY is studios: $2,870, 1-bedrooms: $3,170, 2-bedrooms: $3,780, 3-bedrooms: $4,580, 4-bedrooms: $1,310. The most common rental property sizes in Long Island City, New York, NY are 1-bedroom and 2-bedroom, accounting for 48.4% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,250 | $3,410 |
| Studio Rent | $2,700 | $2,870 |
| 1 Bed Rent | $3,200 | $3,170 |
| 2 Bed Rent | $3,700 | $3,780 |
| 3 Bed Rent | $4,200 | $4,580 |
| 4 Bed Rent | $1,220 | $1,310 |
% 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 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $784,000 | 14.0% |
Listing Count | 88 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 109 | 94.0% |
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 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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,700 | 6.0% |
% Under 18 | 15.4% | 4.8% |
% Seniors | 14.0% | 2.9% |
% WFH | 20.5% | 454.1% |
% w/ College Degree | 52.3% | 4.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.6 |
| Median Home Price | $675,000 |
| Median Household Income | $85,600 |