Howard Beach Housing Market — May 2024
A data-driven look at how single-family, multi-family, and rental values moved in Howard Beach (ZIP 11414, Queens) during May 2024 — with full historical context from January 2024 forward. Sourced from Zillow Research, the NYC Department of Finance Rolling Sales dataset, Freddie Mac via FRED, and HUD Fair Market Rents.
As of May 2024, the Zillow Home Value Index for 11414 (Howard Beach, Queens) sat at $562,581. Month-over-month, values edged up +0.47% ($2,623). On the rental side, the Zillow Observed Rent Index registered $3,000/mo.
Historical home-value trend — ZIP 11414
Rental market trend — ZIP 11414
Period-over-period change
| Period | From | To | Δ Value | Δ % |
|---|---|---|---|---|
| Month over month | April 2024 | May 2024 | +$2,623 | +0.47% |
| Quarter (3-mo) | February 2024 | May 2024 | +$10,536 | +1.91% |
| Half-year (6-mo) | — | — | — | |
| Year over year | — | — | — | |
| Two-year | — | — | — | |
What May 2024 tells us about Howard Beach
As of May 2024, the Zillow Home Value Index for 11414 (Howard Beach, Queens) sat at $562,581. Month-over-month, values edged up +0.47% ($2,623). On the rental side, the Zillow Observed Rent Index registered $3,000/mo.
For homeowners in Howard Beach, the question is rarely "is the market up or down" — it is "is the current direction supported across multiple windows." Looking at the 1, 3, 6, and 12-month change above gives you a multi-frame view: short-term momentum, mid-term direction, and long-cycle trend. When all four windows agree, conviction is high. When they disagree, the market is in transition — that is usually when negotiation leverage opens up in either direction. The methodology behind the ZHVI is documented in Zillow's neural-ZHVI white paper.
This page focuses on ZIP 11414 specifically because Zillow's ZIP-level index isolates a tighter geography than borough or metro averages. That said, ZIP-level values smooth over block-by-block differences. A two-family on a tree-lined block trades differently than a similar property two blocks away near a busy commercial corridor. For an address-specific comparative market analysis (CMA), call Nitin at (917) 705-0132.
By property type: what trades in 11414
The aggregate ZHVI above blends every home type into one number. For an actual Howard Beach sale or purchase, the property class is everything — NYC's Department of Finance organizes recorded sales by building class. For ZIP 11414, the most common classes that appear in monthly NYC Rolling Sales records are:
For a property-class-specific price — for example, "what's a 2-family worth in Howard Beach this month" — you need the NYC DOF Rolling Sales download for Queens County and a filter on building class B1/B2/B3. Nitin pulls these reports monthly. Call (917) 705-0132 for a property-class report on ZIP 11414.
Mortgage rate context for May 2024
Headline home values mean nothing without the cost of capital. Affordability in any month is driven roughly equally by price and rate. The Freddie Mac Primary Mortgage Market Survey (PMMS) publishes the U.S. average 30-year fixed rate weekly — you can pull the time-series at FRED MORTGAGE30US.
Who buys here — housing stock & ownership in 11414
Behind every price-trend story is a question of supply: how many homes exist in this ZIP, how old they are, and how many turn over each year. The U.S. Census Bureau's American Community Survey (5-Year) publishes housing-stock and owner-occupancy tables at the ZCTA level. For ZIP 11414, see Census Table B25024 (Units in Structure), B25034 (Year Structure Built), and B25003 (Tenure — owner vs. renter) at data.census.gov. Communities historically served in this ZIP include Italian, Indo-Caribbean.
For rent affordability benchmarking specific to Queens County, the U.S. Department of Housing and Urban Development publishes a Fair Market Rent table annually. FMR is the rate used for Section 8 and other federal subsidies and serves as a useful sanity-check against private-market asking rents.
More from Howard Beach (11414)
Continue tracking ZIP 11414: review prior or future monthly reports for context on the trend you're seeing now.
Compare to neighboring markets
Same month (May 2024), nearby ZIPs in Queens. Click any tile to read that ZIP's report.
Frequently asked questions
What is the median home price in Howard Beach, NY?
As of May 2024, the Zillow Home Value Index for ZIP 11414 (Howard Beach, Queens) was $562,581. ZHVI is a smoothed, seasonally-adjusted estimate of the typical home value across all home types in the ZIP, calculated monthly by Zillow Research. Verify the live figure at zillow.com/research/data/.
How much did Howard Beach home values change in 2024?
Year-over-year data for this period is not yet established in the Zillow series.
What ZIP code is Howard Beach in?
Howard Beach is primarily served by ZIP code 11414 in Queens County, New York. Postal-delivery ZIPs do not always match neighborhood boundaries one-to-one — some addresses on the border may receive mail under an adjacent ZIP. Confirm the exact ZIP for any specific address using the USPS ZIP Code Lookup at tools.usps.com/zip-code-lookup.htm.
Is Howard Beach a buyer's market or seller's market in May 2024?
Direction matters more than label. In May 2024, the ZHVI for 11414 moved +0.47% month-over-month. Multi-window agreement (1-month, 3-month, 6-month, 12-month all trending the same direction) signals stronger conviction; mixed signals indicate a market in transition where negotiation leverage opens up. For inventory + days-on-market — the more timely buyer/seller indicators — see the Realtor.com Research portal and the OneKey MLS market statistics report your agent can pull.
Is now a good time to sell my house in Howard Beach?
The answer depends on three things, not one: (1) the price trend in your ZIP (ZHVI for 11414 in May 2024: $562,581, — YoY), (2) the current mortgage rate environment (track Freddie Mac's weekly PMMS rate at fred.stlouisfed.org/series/MORTGAGE30US), and (3) your personal situation. A free address-level CMA factors all three. Call Nitin at (917) 705-0132.
Is now a good time to buy a house in Howard Beach?
For buyers, the most useful frame is: how does today's monthly payment compare to renting? At a $562,581 purchase price (the May 2024 ZHVI for 11414), with 20% down and the prevailing 30-year fixed rate, you can compute principal+interest, then add NYC property tax, homeowners insurance, and any HOA. Compare to current Queens rents (Zillow ZORI). For first-time buyers, NYS HCR's SONYMA programs and HUD-approved counselors can lower the upfront cost — see hcr.ny.gov/sonyma and hud.gov/findacounselor.
What has the Howard Beach housing market done since 2024?
From January 2024 through May 2024, the Zillow ZHVI for ZIP 11414 moved from $550,260 to $624,878, a +13.56% cumulative change. The full month-by-month series is plotted in the chart above. Underlying CSV is at files.zillowstatic.com/research/public_csvs/zhvi/.
What is the average price for a 2-family home in Howard Beach?
The Zillow ZHVI covers all home types in aggregate. For NYC ZIPs, the New York City Department of Finance publishes Rolling Sales data broken down by building class (Class A = single-family, Class B = 2-3 family, Class C = walk-up apartments, etc.). For ZIP 11414, download the latest Class B sales from nyc.gov/site/finance/property/property-rolling-sales-data.page to see actual recorded 2-family transactions. For a parcel-specific 2-family CMA, contact Nitin directly.
What is rent in Howard Beach, NY (11414)?
For ZIP-level rental context, the Zillow Observed Rent Index (ZORI) covers all-homes-plus-multifamily and is published monthly. HUD also publishes the Fair Market Rent table for Queens County annually at huduser.gov/portal/datasets/fmr.html — this is the rent figure used for federal housing assistance and serves as a useful sanity-check benchmark against private market asking rents.
Where does the data on this page come from?
All home-value figures use the Zillow Home Value Index (ZHVI), all-homes, smoothed, seasonally-adjusted, ZIP-level monthly series — published as a free public dataset by Zillow Research. Rental figures use the Zillow Observed Rent Index (ZORI). Mortgage rates use Freddie Mac PMMS via FRED. Transaction-level data references the NYC Department of Finance Rolling Sales dataset. Demographic context uses the U.S. Census ACS 5-Year tables. Every chart caption hyperlinks to its source.
Who is Nitin Gadura?
Nitin Gadura is a Licensed New York State Real Estate Salesperson (License #10401383405) operating under Gadura Real Estate, LLC, a licensed New York State real estate brokerage based in Ozone Park, Queens. Nitin specializes in Queens and Long Island, with hyperlocal coverage across 173 ZIP codes and over $100M in closed transactions since 2018. Verify the active license at appext20.dos.ny.gov/lcns_public/chk_load.
Can I use this data to price my home?
ZIP-level data is a useful starting frame but does not replace an address-specific comparative market analysis (CMA). Two homes on the same block can trade at very different prices based on lot size, condition, finishes, school zone, parking, and recent comp activity within 0.25 miles. For a free, no-obligation CMA, call (917) 705-0132 or email nitin@gadurarealestate.com.
Thinking of selling or buying in Howard Beach?
Get a precise address-level CMA — no obligation, response within 24 hours.
Sources & references
Every chart, statistic, and claim on this page links to its primary source. We use only public datasets — you can independently verify every number.
- Zillow Research — Home Value Index (ZHVI): All-homes, smoothed, seasonally-adjusted, ZIP-level monthly series. The $562,581 headline figure for ZIP 11414 in May 2024 comes from this series. Dataset page: zillow.com/research/data/. Direct CSV: Zip_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. Methodology: Zillow neural-ZHVI white paper.
- Zillow Research — Observed Rent Index (ZORI): All-homes-plus-multifamily, smoothed, ZIP-level monthly series. Underlies all rental figures on this page where ZIP-level data is available. Direct CSV download.
- Freddie Mac PMMS via FRED: 30-Year Fixed Mortgage Rate, weekly. Used for affordability and rate-context discussion. fred.stlouisfed.org/series/MORTGAGE30US.
- NYC Department of Finance — Rolling Sales Data: Twelve months of recorded NYC property transactions, by ZIP and building class. The authoritative source for actual recorded sale prices in Queens (where applicable). nyc.gov/site/finance/property/property-rolling-sales-data.page.
- NYC ACRIS (Automated City Register Information System): Searchable deed, mortgage, and property-record system for the five boroughs. a836-acris.nyc.gov/CP/.
- HUD — Fair Market Rents: Federal benchmark rent for Queens County, used for Section 8 vouchers and as a sanity-check for private-market rents. huduser.gov/portal/datasets/fmr.html.
- U.S. Census Bureau — American Community Survey (5-Year): ZIP-Code-Tabulation-Area-level demographics, housing-stock, and tenure data. See Tables B25024, B25034, B25003 at data.census.gov.
- Realtor.com Research: Monthly metro housing reports including days-on-market, active inventory, list-to-sold ratio. realtor.com/research/.
- StreetEasy Data Dashboard: NYC-specific asking-price, price-cut, and absorption metrics. streeteasy.com/blog/data-dashboard/.
- OneKey® MLS Market Statistics: Authoritative residential transaction database for Queens, Brooklyn, Nassau, Suffolk, Westchester. onekeymls.com.
- NYS Department of State, Division of Licensing Services: Public license registry. Verify Nitin Gadura's active NYS Real Estate Salesperson license #10401383405 at appext20.dos.ny.gov/lcns_public/chk_load.
- NYS Homes & Community Renewal (HCR) — SONYMA: First-time-buyer mortgage programs available statewide. hcr.ny.gov/sonyma.
- CFPB Mortgage Rate Explorer: Tool for projecting monthly payments at current rates. consumerfinance.gov/owning-a-home/explore-rates/.
OPPORTUNITY
Research disclaimer. This page presents independent market research conducted by Nitin Gadura, a Licensed New York State Real Estate Salesperson (license #10401383405) operating under Gadura Real Estate, LLC, a licensed New York State real estate brokerage located at 106-09 101st Ave, Ozone Park, NY 11416. Data shown is sourced from publicly available datasets cited above and is presented for educational and informational purposes only. It does not constitute legal, financial, tax, or investment advice. Past performance does not guarantee future results. Information is deemed reliable but is not guaranteed and should be independently verified before any real estate decision.
New York State RPL §443 agency disclosure is provided at the first substantive contact. Brokerage services are subject to the rules of the New York State Department of State, Division of Licensing Services. Verify the active license at appext20.dos.ny.gov.
Page generated 2026-06-05 · Data window: January 2024 through April 2026 · Canonical URL: https://gadurarealestate.com/market-reports/queens/howard-beach-11414/2024-05/ · Method: ZIP-level Zillow Research public datasets (all-homes, smoothed, seasonally-adjusted), period-over-period change; mortgage rates from Freddie Mac PMMS via FRED; transaction context from NYC DOF Rolling Sales · © 2026 Gadura Real Estate, LLC, a licensed New York State real estate brokerage.
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