The typical owner-occupied home in Queens County is worth about $723,800, 71% above the New York median of $423,800 and 2.2 times the national median of $332,700. Owners pay a median $6,297 a year in property taxes, about 0.87% of their home's value, lower than the New York rate of 1.55%. The median household earns $86,136 a year, so the median home costs 8.4 times the median income (4.9 times for New York). 45% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Queens County at a glance
| Queens County | New York | U.S. | |
|---|---|---|---|
| Median home value | $723,800 | $423,800 | $332,700 |
| Median property tax paid per year | $6,297 | $6,582 | $3,119 |
| Property tax as a share of value | 0.87% | 1.55% | 0.94% |
| Median household income | $86,136 | $85,974 | $80,734 |
| Homes lived in by their owners | 45% | 54% | 65% |
| Owner homes with a mortgage | 54% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,094 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 29.3% | 22.5% | 21.0% |
| Median rent | $1,956 | $1,621 | $1,413 |
| Rent as a share of renters' income | 31.6% | 31.2% | 30.6% |
| Median year homes were built | 1953 | 1959 | 1980 |
| Vacant homes | 7.6% | 10.0% | 10.1% |
| Population | 2,323,052 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Queens County
At this week's average 30-year rate of 7.11%, buying the median Queens County home of $723,800 with 20% down costs about $4,722 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,927, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $202,353 for the 20%-down payment. That payment is 66% of the median Queens County household income of $86,136; at that income and 20% down, the 28% guideline points to a home of about $308,000.
The median rent here is $1,956 a month, so owning the median home costs about $2,766 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $144,760 |
|---|---|
| Loan amount | $579,040 |
| Principal and interest | $3,895 |
| Property taxes (0.87% a year) | $525 |
| Homeowners insurance (our estimate, 0.5% a year) | $302 |
| PMI | $0 |
| Total per month | $4,722 |
Change the numbers in the calculator
| Down payment | $25,333 |
|---|---|
| Loan amount | $710,690 |
| Principal and interest | $4,781 |
| Property taxes (0.87% a year) | $525 |
| Homeowners insurance (our estimate, 0.5% a year) | $302 |
| FHA mortgage insurance | $320 |
| Total per month | $5,927 |
Change the numbers in the calculator
Questions about home buying in Queens County
What is the median home value in Queens County?
About $723,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Queens County?
Homeowners pay a median $6,297 a year, which is about 0.87% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Queens County?
For the median home with 20% down at 7.11%, the payment is about $4,722 a month. Keeping that under 28% of gross income takes about $202,353 a year.
More about Queens County
- Mortgage Refinance in Queens County
- Debt Relief in Queens County
- Home Equity Loans in Queens County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data