Ozone Park Housing Market Report

Ozone Park (11416) is a residential neighborhood in southern Queens known for its strong South Asian, Guyanese, Caribbean, and Hispanic communities. The housing stock consists primarily of single-family homes, two-family properties, and attached row houses, with tree-lined streets and convenient access to the A train and JFK Airport. Data sourced from Zillow Research, the NYC Department of Finance, and Freddie Mac via FRED.

The estimated median home value in Ozone Park (ZIP 11416, Queens) is approximately $761,200, with year-over-year growth of +4.2%. Typical rents in this ZIP run around $2,500/mo per Zillow ZORI data.

Monthly Market Reports

Browse all 30 monthly market reports for Ozone Park (11416), from January 2024 through June 2026. Each report includes detailed price data, trend analysis, and neighborhood context.

Market Overview — Ozone Park (11416)

Ozone Park (11416) is a residential neighborhood in southern Queens known for its strong South Asian, Guyanese, Caribbean, and Hispanic communities. The housing stock consists primarily of single-family homes, two-family properties, and attached row houses, with tree-lined streets and convenient access to the A train and JFK Airport.

For homeowners in Ozone Park, 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 11416

The aggregate ZHVI blends every home type into one number. For an actual sale or purchase in Ozone Park, the property class matters — NYC’s Department of Finance organizes recorded sales by building class. The most common types in ZIP 11416:

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 11416.

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

Predominantly single-family detached and semi-detached homes and two-family properties built between the 1930s and 1960s. Many homes have been renovated or expanded over the decades. The neighborhood is characterized by tree-lined residential streets with a strong sense of community.

Communities historically served in this ZIP include South Asian (Indian, Bangladeshi, Pakistani), Guyanese, Caribbean, and Hispanic families. Ozone Park has become one of the largest Indo-Caribbean enclaves in the United States. 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.

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