Queens Condo Prices by Neighborhood
| Neighborhood | Median Condo Price | Down Payment (20%) | Monthly P&I | Income Needed |
|---|---|---|---|---|
| Long Island City | $850,000 | $170,000 | $4,481 | $192,000/yr |
| Astoria | $680,000 | $136,000 | $3,585 | $153,600/yr |
| Forest Hills | $620,000 | $124,000 | $3,269 | $140,100/yr |
| Jackson Heights | $520,000 | $104,000 | $2,742 | $117,500/yr |
| Flushing | $580,000 | $116,000 | $3,058 | $131,000/yr |
| Bayside / Douglaston | $650,000 | $130,000 | $3,427 | $146,900/yr |
| Jamaica | $420,000 | $84,000 | $2,214 | $94,900/yr |
| Ridgewood | $550,000 | $110,000 | $2,900 | $124,300/yr |
| Queens Overall Median | $590,000 | $118,000 | $3,111 | $133,300/yr |
Monthly payment includes principal & interest at 6.875% (30-yr fixed). Income requirements use 28% front-end DTI, adding estimated taxes and common charges.
Queens value proposition: At $590K median, Queens condos are 30% cheaper than Brooklyn ($800K) and 51% cheaper than Manhattan ($1.2M) — while offering excellent subway access to both. Many Queens neighborhoods have 25–35 minute commutes to Midtown.
Calculate Your Queens Condo Budget
Queens: Condo vs. Co-op
Queens has a large co-op market — often significantly cheaper than condos for similar sizes. If your goal is ownership at a lower price point, co-ops in Forest Hills, Kew Gardens, and Jackson Heights offer excellent value.
| Type | Queens Median Price | Monthly Carrying Cost | Board Approval? | Financing |
|---|---|---|---|---|
| Condo | $590,000 | $3,800–$4,500/mo | Limited | Standard mortgage |
| Co-op | $280,000–$400,000 | $2,000–$3,000/mo | Required | Share loan (fewer lenders) |
| New Dev Condo (LIC) | $900,000–$1.2M | $5,500–$7,500/mo | None | Jumbo often needed |
What Different Salaries Buy in Queens
- $100K salary: Co-ops in Jamaica, South Queens ($200K–$350K). Market-rate condos are out of reach without a large down payment.
- $120K salary: Entry-level condos in Jackson Heights, Jamaica, Ridgewood (~$420K–$500K range).
- $150K salary: Solid options throughout Queens — Forest Hills, Flushing, Jackson Heights, Astoria condos up to ~$560K.
- $175K salary: Most Queens neighborhoods comfortable — including Astoria, Bayside, Forest Hills up to ~$650K.
- $200K+ salary: Long Island City, prime Astoria, Bayside waterfront — full Queens market accessible.
Long Island City premium: LIC condos ($800K–$1.2M) have been among the most aggressively priced in the outer boroughs — driven by proximity to Manhattan (7-minute E/M train ride to Midtown). However, buyers should note that many LIC developments had 421-a tax abatements that have expired or will expire, substantially increasing carrying costs. Always check the remaining abatement term before buying.
Queens Condo Neighborhoods: Quick Comparison
| Neighborhood | Price Range | Subway to Midtown | Best For |
|---|---|---|---|
| Long Island City | $700K–$1.2M | 7 min (E/M/7) | Manhattan commuters, young professionals |
| Astoria | $550K–$800K | 25–30 min (N/W/R/M) | Restaurant/arts scene, families |
| Forest Hills | $500K–$750K | 30 min (E/F/M/R) | Quiet, suburban feel, families |
| Jackson Heights | $420K–$620K | 35 min (E/F/M/R/7) | Diverse neighborhoods, value |
| Flushing | $480K–$700K | 40 min (7 train) | Asian cuisine, community, transit hub |
| Bayside | $550K–$800K | 45 min (LIRR/Bus) | Suburban feel, waterfront, families |
| Jamaica | $350K–$500K | 40 min (E/J/Z) | Most affordable, near JFK |
| Ridgewood | $450K–$650K | 35 min (M/L) | Trendy, Brooklyn-adjacent, artists |
Know Your Queens Condo Budget
See your exact NYC take-home pay, then calculate what you can afford in Queens.
Calculate My NYC Take-Home