Long Island City home values
Long Island City at a glance
- The Census median home value is $526,000 — 44% below New York overall and 55% above the U.S. median.
- Median household income is $198,773, so homes cost 2.6× local income.
- Median rent is $3,501/month (a 8.0% gross rental yield).
- Its ZIP ranks 26th of 32 New York ZIP codes by home value.
Long Island City home value score
from local value, rent & income
In ZIP 11109, rents are strong relative to prices (a high gross yield), and homes are affordable against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — computed from U.S. Census ACS (2023) for this ZIP: home value, gross rent and household income. It is not a market-timing or appreciation forecast.
Long Island City vs New York, New York and the U.S.
| Long Island City | New York | New York | U.S. | |
|---|---|---|---|---|
| Median home value (Census) | $526,000 | $944,800 | $666,300 | $340,200 |
| Median household income | $198,773 | $94,800 | $113,700 | $78,500 |
| Median gross rent | $3,501/mo | $2,014/mo | $2,012/mo | $1,406/mo |
| Price-to-income ratio | 2.6× | 10.0× | 5.9× | 4.3× |
| Gross rental yield | 8.0% | 2.6% | 3.6% | 5.0% |
| Rent as share of income | 21% | 25% | 21% | 21% |
| Mortgage payment* | $2,660/mo | $4,777/mo | $3,369/mo | $1,720/mo |
Census figures: U.S. Census Bureau ACS 5-year estimates; areas spanning several ZIPs use population-weighted averages of ZIP medians, and city/state columns cover the ZIPs of the places listed on this site. Zillow: ZHVI. *Principal & interest on the Census median value, 20% down, 6.5% fixed, 30 years.
What it costs to buy a home in Long Island City
At the typical value of $526,000, a buyer putting 20% down ($105,200) and financing the rest at 6.5% over 30 years would pay about $2,660 a month in principal and interest — 16% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household. The median rent is $3,501/month, so owning is roughly 24% cheaper per month than renting, even before counting equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Long Island City
Buyers
Homes cost about 2.6× the local median income — affordable by national standards, so first-time buyers have a realistic path in.
Sellers
Typical values here are 55% above the U.S. median; get a home-specific estimate before you list — condition and size move the number more than the area average.
Investors
A gross rental yield of 8.0% is strong — rents are high relative to prices, which favours cash-flow investors.
Other neighborhoods in New York
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Astoria | $780K | +0.1% | $103K | $2,248 | 7.6× |
| Bay Ridge | $906K | +3.1% | $93K | $1,857 | 9.8× |
| Bayside | $901K | +4.2% | $108K | $2,315 | 8.3× |
| Bedford-Stuyvesant | $1.4M | +3.6% | $95K | $2,180 | 14.7× |
| Brooklyn Heights city data | $793K | +2.0% | $123K | $3,024 | 6.4× |
| Bushwick | $1.06M | +6.4% | $83K | $2,109 | 12.9× |
| Chelsea | — | — | — | — | — |
| Coney Island | $513K | +1.6% | $41K | $905 | 12.4× |
| Crown Heights | $1.18M | +9.0% | $62K | $1,607 | 19.1× |
| Dumbo | — | — | — | — | — |
| East Village | $1.14M | +5.1% | $154K | $2,772 | 7.4× |
| Financial District | — | — | — | — | — |
| Flatbush | $866K | +1.4% | $81K | $1,751 | 10.7× |
| Flushing | $521K | +3.5% | $63K | $1,766 | 8.3× |
| Fordham | $516K | +6.9% | $42K | $1,548 | 12.2× |
| Forest Hills city data | $793K | +2.0% | $123K | $3,024 | 6.4× |
| Greenwich Village ZIP 10014 · shared | $1.29M | +3.5% | $167K | $2,998 | 7.7× |
| Harlem | $915K | −1.8% | $64K | $1,609 | 14.2× |
| Hell's Kitchen | $988K | −4.3% | $100K | $2,301 | 9.9× |
| Inwood | $518K | −4.2% | $70K | $1,621 | 7.4× |
| Jackson Heights | $454K | −5.4% | $77K | $1,795 | 5.9× |
| Jamaica | $626K | +7.4% | $71K | $1,529 | 8.8× |
| Long Island City | $526K | — | $199K | $3,501 | 2.6× |
| Lower East Side | $809K | +1.3% | $47K | $1,207 | 17.4× |
| Midtown | — | — | — | — | — |
| Mott Haven | $2M | +6.9% | $159K | $2,378 | 12.5× |
| Park Slope city data | $793K | +2.0% | $123K | $3,024 | 6.4× |
| Pelham Bay | $668K | +2.7% | $100K | $1,993 | 6.7× |
| Riverdale | $407K | +0.6% | $109K | $1,729 | 3.7× |
| SoHo | $1.5M | +9.9% | $131K | $2,731 | 11.5× |
| South Bronx | $1.87M | +6.0% | $221K | $3,501 | 8.5× |
| St. George | $657K | +4.5% | $85K | $1,697 | 7.7× |
| Sunnyside | $996K | +1.1% | $117K | $2,740 | 8.5× |
| Sunset Park city data | $793K | +2.0% | $123K | $3,024 | 6.4× |
| Tottenville | $799K | +5.5% | $139K | $1,618 | 5.8× |
| Tribeca | $2M | +4.5% | $250K | $3,501 | 8.0× |
| Upper East Side | $1.6M | +2.8% | $168K | $2,702 | 9.5× |
| Upper West Side | $1.75M | +2.6% | $183K | $2,965 | 9.6× |
| Washington Heights | $546K | +2.5% | $57K | $1,546 | 9.6× |
| West Village ZIP 10014 · shared | $1.29M | +3.5% | $167K | $2,998 | 7.7× |
| Williamsburg | $1.33M | +2.5% | $121K | $2,982 | 10.9× |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
Long Island City real estate FAQ
What is the typical home value in Long Island City?
Is Long Island City affordable?
How much is rent in Long Island City?
Is Long Island City good for rental property investment?
What’s your Long Island City home worth?
Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.