Long Island City Housing Market Report
Long Island City has transformed from an industrial waterfront into one of Queens' most dynamic residential markets. With new luxury condos, excellent transit access (7, E, M, G, N, W trains), and stunning Manhattan skyline views, LIC commands premium prices while offering strong rental yields. Data sourced from Zillow Research, the NYC Department of Finance, and Freddie Mac via FRED.
The estimated median home value in Long Island City (ZIP 11101, Queens) is approximately $785,000, with year-over-year growth of +4.2%. Typical rents in this ZIP run around $3,200/mo per Zillow ZORI data.
Market Overview — Long Island City (11101)
Long Island City has transformed from an industrial waterfront into one of Queens' most dynamic residential markets. With new luxury condos, excellent transit access (7, E, M, G, N, W trains), and stunning Manhattan skyline views, LIC commands premium prices while offering strong rental yields.
For homeowners in Long Island City, the question is rarely “is the market up or down” — it is “is the current direction supported across multiple windows.” Looking at 1-month, 3-month, 6-month, and 12-month change 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.
By property type: what trades in 11101
The aggregate ZHVI blends every home type into one number. For an actual sale or purchase in Long Island City, the property class matters — NYC’s Department of Finance organizes recorded sales by building class. The most common types in ZIP 11101:
For a property-class-specific price, download the NYC DOF Rolling Sales for Queens County and filter by building class. Or call Nitin at (917) 705-0132 for a property-class report on ZIP 11101.
Mortgage rate context
Headline home values mean nothing without the cost of capital. Affordability is driven roughly equally by price and rate. Track the current 30-year fixed rate at FRED MORTGAGE30US.
Who buys here — housing stock & community
The housing stock in Long Island City is dominated by newer construction condos and converted loft-style apartments, with a growing number of high-rise luxury developments along the waterfront. Co-ops and smaller multi-family properties remain available in the interior blocks.
Communities historically served in this ZIP include young professionals, creatives, South Asian, and Chinese. The U.S. Census ACS (5-Year) publishes housing-stock and tenure tables at the ZCTA level — see Tables B25024, B25034, B25003 at data.census.gov.
Explore Long Island City
Compare to neighboring markets
Click any tile to read that ZIP’s market report.
Frequently asked questions
What is the median home price in Long Island City (11101)?
The estimated median home value in Long Island City (ZIP 11101) is approximately $785,000, based on the Zillow Home Value Index. ZHVI is a smoothed, seasonally-adjusted estimate covering all home types. For current figures, visit zillow.com/research/data/.
Is Long Island City a buyer’s market or seller’s market?
With year-over-year appreciation of +4.2%, Long Island City shows positive price momentum. However, whether it favors buyers or sellers depends on current inventory levels and days-on-market — check Realtor.com Research for the latest supply data, or call Nitin for a live market read.
What is rent in Long Island City (11101)?
Typical rents in Long Island City run around $3,200/mo per Zillow ZORI data. HUD also publishes Fair Market Rents for Queens County annually, which serves as a useful benchmark against private-market asking rents.
Who is the best real estate agent in Long Island City?
Nitin Gadura is a Licensed NYS Real Estate Salesperson (License #10401383405) specializing in Queens and Long Island with $100M+ in closed transactions since 2018. Verify at appext20.dos.ny.gov.
Can I use this data to price my home?
ZIP-level data is a useful starting frame but does not replace an address-specific CMA. Two homes on the same block can trade at very different prices based on lot size, condition, finishes, school zone, and recent comp activity. For a free, no-obligation CMA, call (917) 705-0132 or email nitin@gadurarealestate.com.
Thinking of selling or buying in Long Island City?
Get a precise address-level CMA — no obligation, response within 24 hours.
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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 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.
Page generated 2026-06-23 · Canonical URL: https://gadurarealestate.com/market-reports/queens/long-island-city-11101/ · Method: ZIP-level Zillow Research public datasets (all-homes, smoothed, seasonally-adjusted) · © 2026 Gadura Real Estate, LLC.
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