Richmond Hill Housing Market — June 2026
A data-driven look at how single-family, multi-family, and rental values moved in Richmond Hill (ZIP 11418, Queens) during June 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 June 2026, the Zillow Home Value Index for 11418 (Richmond Hill, Queens) sat at $759,800. Month-over-month, values edged up +0.85% ($6,400). Compared with June 2025, the index climbed +6.20% — a $44,330 swing over twelve months. Looking back two years to June 2024, the ZIP has moved +10.37%. On the rental side, the Zillow Observed Rent Index registered $2,900/mo.
Historical home-value trend — ZIP 11418
Rental market trend — ZIP 11418
Period-over-period change
| Period | From | To | Δ Value | Δ % |
|---|---|---|---|---|
| Month over month | May 2026 | June 2026 | +$6,400 | +0.85% |
| Quarter (3-mo) | March 2026 | June 2026 | +$20,000 | +2.70% |
| Half-year (6-mo) | December 2025 | June 2026 | +$31,700 | +4.35% |
| Year over year | June 2025 | June 2026 | +$44,330 | +6.20% |
| Two-year | June 2024 | June 2026 | +$71,330 | +10.37% |
What June 2026 tells us about Richmond Hill
As of June 2026, the Zillow Home Value Index for 11418 (Richmond Hill, Queens) sat at $759,800. Month-over-month, values edged up +0.85% ($6,400). Compared with June 2025, the index climbed +6.20% — a $44,330 swing over twelve months. Looking back two years to June 2024, the ZIP has moved +10.37%, a useful frame for sellers weighing whether to list now or hold. On the rental side, the Zillow Observed Rent Index registered $2,900/mo.
For homeowners in Richmond Hill, 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 11418 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 11418
The aggregate ZHVI blends every home type into one number. For ZIP 11418, the most common classes in NYC Rolling Sales records are:
Call (917) 705-0132 for a property-class report on ZIP 11418.
Mortgage rate context for June 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 11418
See Census Table B25024, B25034, B25003 at data.census.gov. Communities historically served in this ZIP include Indo-Caribbean, Guyanese, Trinidadian, Punjabi, and Bengali families.
More from Richmond Hill (11418)
Compare to neighboring markets
Same month (June 2026), nearby ZIPs in Queens.
Frequently asked questions
What is the median home price in Richmond Hill, NY?
As of June 2026, the Zillow Home Value Index for ZIP 11418 (Richmond Hill, Queens) was $759,800.
How much did Richmond Hill home values change in 2026?
Year-over-year through June 2026, ZHVI for ZIP 11418 moved +6.20% ($44,330) from June 2025. Over a 2-year window, the index changed +10.37%.
Is now a good time to sell my house in Richmond Hill?
The answer depends on (1) the price trend in your ZIP (ZHVI for 11418 in June 2026: $759,800, +6.20% YoY), (2) mortgage rates, and (3) your situation. Call Nitin at (917) 705-0132.
Is now a good time to buy a house in Richmond Hill?
At a $759,800 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 (Zillow ZORI: $2,900/mo). 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 Richmond Hill?
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 $759,800 headline figure for ZIP 11418 in June 2026. zillow.com/research/data/.
- Zillow Research — ZORI: Direct CSV.
- 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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