Is Queens County, NY good for real estate investing?

Queens County has an investment score of 50/100, rated as "Hold". The county ranks #784 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Queens?

The rent-to-price ratio in Queens County is 4.99% annually, which ranks in the 24th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Queens?

The median home price in Queens County is $722,489. This ranks #970 in affordability among all US counties.

Can you cash flow on rental properties in Queens?

Based on median values with 20% down at current rates, a typical rental in Queens County would generate negative cash flow of $1,836/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Queens County

New YorkPopulation: 2,360,826

/100

Hold

#784 of 1,000 counties

#58 in New York (62 counties)

Market Snapshot

$722,489

Median Home Price

164% above national median

$3,002/mo

Median Rent

100% above national median

4.99%

Rent-to-Price Ratio

Top 76% nationally

-$1,836

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$722,489

Down Payment (20%)$144,498

Loan Amount$577,991

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$3,002

Monthly P&I-$3,787

Est. Expenses (35%)-$1,051

Net Cash Flow-$1,836/mo

3.2%

Cap Rate (all cash)

-13.3%

Cash-on-Cash Return

4.99%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

50/100

Cash Flow(30%)

45/100

Based on 4.99% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

83/100

Based on 3.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

16/100

Price-to-income ratio of 8.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Below-average rent-to-price ratio (4.99%)
-Negative cash flow at typical financing (-$1,836/mo)
-Negative leverage (cap rate 3.2% < mortgage rate 6.9%)
-High price-to-income ratio makes financing challenging

Economic Indicators

Population

2,360,826

Median Income

$82,431

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

8.8x

Less affordable

Compare to Nearby Counties

County					Verdict
GreeneNY	52	$354,409	$1,712	5.80%	Hold	View
RocklandNY	51	$724,554	$2,953	4.89%	Hold	View
WarrenNY	51	$356,302	$1,347	4.54%	Hold	View
CurrentQueensNY	50	$722,489	$3,002	4.99%	Hold
WestchesterNY	49	$824,579	$3,016	4.39%	Hold	View
RichmondNY	48	$701,776	$2,408	4.12%	Hold	View

The Bottom Line

HoldQueens is a neutral market. Consider house hacking or targeting below-market deals.

Queens County in New York scores 50/100, ranking #784 of 1,000 US counties (top 78%). The 4.99% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-1,836/mo

Cap Rate

3.2%

Cash-on-Cash

-13.3%

Ready to Analyze a Deal in Queens?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$722,489

Down Payment (20%)$144,498

Loan Amount$577,991

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$3,002

Monthly P&I-$3,787

Est. Expenses (35%)-$1,051

Net Cash Flow-$1,836/mo

3.2%

Cap Rate (all cash)

-13.3%

Cash-on-Cash Return

4.99%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

50/100

Cash Flow(30%)

45/100

Based on 4.99% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

83/100

Based on 3.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

16/100

Price-to-income ratio of 8.8x. Lower ratios indicate more affordable markets.

County

Verdict

GreeneNY

$354,409

$1,712

5.80%

Hold

View

RocklandNY

$724,554

$2,953

4.89%

Hold

View

WarrenNY

$356,302

$1,347

4.54%

Hold

View

CurrentQueensNY

$722,489

$3,002

4.99%

Hold

WestchesterNY

$824,579

$3,016

4.39%

Hold

View

RichmondNY

$701,776

$2,408

4.12%

Hold

View

The Bottom Line

HoldQueens is a neutral market. Consider house hacking or targeting below-market deals.

Monthly Cash Flow

$-1,836/mo

Cap Rate

3.2%

Cash-on-Cash

-13.3%