Ozone Park Housing Market — May 2026
A data-driven look at how single-family, multi-family, and rental values moved in Ozone Park (ZIP 11416, Queens) during May 2026 — 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 2026, the Zillow Home Value Index for 11416 (Ozone Park, Queens) sat at $755,500. Month-over-month, values edged up +0.79% ($5,959). Compared with May 2025, the index climbed +5.90% — a $42,110 swing over twelve months. Looking back two years to May 2024, the ZIP has moved +9.58%. Ozone Park has no Zillow ZORI rental data at the ZIP level.
Historical home-value trend — ZIP 11416
Period-over-period change
| Period | From | To | Δ Value | Δ % |
|---|---|---|---|---|
| Month over month | April 2026 | May 2026 | +$5,959 | +0.79% |
| Quarter (3-mo) | February 2026 | May 2026 | +$16,650 | +2.25% |
| Half-year (6-mo) | November 2025 | May 2026 | +$28,100 | +3.86% |
| Year over year | May 2025 | May 2026 | +$42,110 | +5.90% |
| Two-year | May 2024 | May 2026 | +$66,190 | +9.58% |
What May 2026 tells us about Ozone Park
As of May 2026, the Zillow Home Value Index for 11416 (Ozone Park, Queens) sat at $755,500. Month-over-month, values edged up +0.79% ($5,959). Compared with May 2025, the index climbed +5.90% — a $42,110 swing over twelve months. Looking back two years to May 2024, the ZIP has moved +9.58%, a useful frame for sellers weighing whether to list now or hold.
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 the 1, 3, 6, and 12-month change above gives you a multi-frame view. When all four windows agree, conviction is high. The methodology behind the ZHVI is documented in Zillow's neural-ZHVI white paper.
This page focuses on ZIP 11416 specifically because Zillow's ZIP-level index isolates a tighter geography than borough or metro averages. For an address-specific comparative market analysis (CMA), call Nitin at (917) 705-0132.
By property type: what trades in 11416
The aggregate ZHVI blends every home type into one number. For ZIP 11416, the most common classes in NYC Rolling Sales records are:
Call (917) 705-0132 for a property-class report on ZIP 11416.
Mortgage rate context for May 2026
Affordability is driven roughly equally by price and rate. Track the 30-year fixed rate at FRED MORTGAGE30US.
Who buys here — housing stock & ownership in 11416
See Census Table B25024, B25034, B25003 at data.census.gov. Ozone Park is one of the most diverse neighborhoods in Queens, home to a large Guyanese, Indo-Caribbean, and South Asian community alongside Hispanic and Italian-American families.
More from Ozone Park (11416)
Compare to neighboring markets
Same month (May 2026), nearby ZIPs in Queens.
Frequently asked questions
What is the median home price in Ozone Park, NY?
As of May 2026, the Zillow Home Value Index for ZIP 11416 (Ozone Park, Queens) was $755,500.
How much did Ozone Park home values change in 2026?
Year-over-year through May 2026, ZHVI for ZIP 11416 moved +5.90% ($42,110) from May 2025. Over a 2-year window, the index changed +9.58%.
Is now a good time to sell my house in Ozone Park?
The answer depends on (1) the price trend in your ZIP (ZHVI for 11416 in May 2026: $755,500, +5.90% YoY), (2) mortgage rates, and (3) your situation. Call Nitin at (917) 705-0132.
Is now a good time to buy a house in Ozone Park?
At a $755,500 purchase price with 20% down and the prevailing 30-year fixed rate, compute principal+interest, then add NYC property tax, insurance, and any HOA. Compare to current Queens rents. For first-time buyers, see hcr.ny.gov/sonyma.
Can I use this data to price my home?
ZIP-level data does not replace an address-specific CMA. For a free, no-obligation CMA, call (917) 705-0132 or email nitin@gadurarealestate.com.
Thinking of selling or buying in Ozone Park?
Get a precise address-level CMA — no obligation, response within 24 hours.
Sources & references
Every statistic on this page links to its primary source.
- Zillow Research — ZHVI: The $755,500 headline figure for ZIP 11416 in May 2026. zillow.com/research/data/.
- Freddie Mac PMMS via FRED: fred.stlouisfed.org/series/MORTGAGE30US.
- NYC DOF Rolling Sales: nyc.gov/site/finance/property/property-rolling-sales-data.page.
- HUD Fair Market Rents: huduser.gov/portal/datasets/fmr.html.
- NYS DOS License #10401383405: Verify license.
OPPORTUNITY
Research disclaimer. Independent market research by Nitin Gadura (license #10401383405) under Gadura Real Estate, LLC, 106-09 101st Ave, Ozone Park, NY 11416. For educational and informational purposes only. Past performance does not guarantee future results.
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