Queens County New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Queens County NY was $1,641 in 2019 according to the Census ACS survey.1 Average gross rent in Queens County was $1,574 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Queens County median and average rent data will be released in September of 2021.
Data is also available below for Queens County rental vacancy rates, Queens County rent as a percent of median income and the fraction of renters in Queens County.
Real Gross Rent in Queens County New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Queens County NY Median Gross Rent | $1,641 | +1.48% | +7.96% |
Queens County NY Real Gross Rent Trends
At $1,641, real median gross rent in Queens County was at its highest level in 2019 since the series began in 2005. At $1,574, real average gross rent in Queens County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Queens County NY Median, Queens County NY Average, New York Median, US Median
Real Gross Rent History for Queens County
| Date | US Median |
New York Median |
Queens County NY Median |
Queens County NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $1,641 | $1,574 |
| 2018 | $1,077 | $1,297 | $1,617 | $1,539 |
| 2017 | $1,043 | $1,264 | $1,547 | $1,513 |
| 2016 | $1,027 | $1,250 | $1,520 | $1,468 |
| 2015 | $1,017 | $1,244 | $1,521 | $1,454 |
| 2014 | $986 | $1,212 | $1,463 | $1,422 |
| 2013 | $953 | $1,168 | $1,404 | $1,367 |
| 2012 | $940 | $1,148 | $1,388 | $1,345 |
| 2011 | $941 | $1,143 | $1,378 | $1,341 |
| 2010 | $955 | $1,140 | $1,388 | $1,357 |
| 2009 | $960 | $1,121 | $1,360 | $1,351 |
| 2007 | $927 | $1,066 | $1,297 | $1,272 |
| 2005 | $910 | $1,051 | $1,270 | $1,256 |
Queens County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Queens County New York was 3.13% according to Census ACS data.
Rental Vacancy Rate in Queens County New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Queens County NY | 3.13% | +0.74% | +0.37% |
Trends in Queens County NY Rental Vacancy Rate
The rental vacancy rate in Queens County peaked in 2010 at 3.76%. Since then it has fallen by 0.63% to 3.13%. Data records for this series originated in 2005. From a 2018 post peak low of 2.39%, the rental vacancy rate has increased by 0.74%.
Rental Vacancy Rate: Queens County NY, New York, US
Historical Rental Vacancy Rate data for Queens County
| Date | US | New York | Queens County NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 3.13% |
| 2018 | 6.15% | 4.20% | 2.39% |
| 2017 | 6.18% | 4.19% | 3.00% |
| 2016 | 5.89% | 4.42% | 2.76% |
| 2015 | 5.85% | 4.41% | 2.94% |
| 2014 | 6.32% | 4.34% | 2.73% |
| 2013 | 6.49% | 4.17% | 2.54% |
| 2012 | 6.77% | 4.34% | 2.90% |
| 2011 | 7.40% | 4.48% | 3.67% |
| 2010 | 8.17% | 5.03% | 3.76% |
| 2009 | 8.43% | 4.78% | 2.67% |
| 2007 | 7.87% | 4.70% | 3.22% |
| 2005 | 7.74% | 4.80% | 3.75% |
Rent as a Fraction of Income
Using median household income data for Queens County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Queens County, median monthly gross rent as a fraction of median household income was 26.72% in 2019 according to the ACS.
Queens County New York Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New York | 21.78% | -0.75% | -0.99% |
| Queens County NY | 26.72% | -0.77% | -1.29% |
Trends in Queens County NY Rent as a Fraction of Income
The fraction of median Queens County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 29.06%. Since then it has fallen by 2.34% to 26.72%.
Fraction of Income towards Rent: Queens County NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Queens County New York
| Date | US | New York | Queens County NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 26.72% |
| 2018 | 20.50% | 22.53% | 27.49% |
| 2017 | 20.13% | 22.67% | 27.90% |
| 2016 | 20.43% | 22.78% | 28.01% |
| 2015 | 20.63% | 23.13% | 28.48% |
| 2014 | 20.89% | 23.40% | 29.06% |
| 2013 | 20.78% | 23.20% | 28.26% |
| 2012 | 20.65% | 22.94% | 28.62% |
| 2011 | 20.70% | 22.98% | 28.58% |
| 2010 | 20.50% | 22.60% | 28.09% |
| 2009 | 20.12% | 21.60% | 25.97% |
| 2007 | 18.66% | 20.34% | 24.92% |
| 2005 | 18.89% | 20.40% | 25.35% |
Renter Fraction in Queens County New York
You can calculate the renter fraction in Queens County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Queens County as a fraction of total Queens County households. In 2019 55.86% of households were renters according to Census ACS data.
Queens County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Queens County NY | 55.86% | +1.15% | -0.04% |
Trends in the Queens County NY Renter Fraction
The Queens County household renter fraction peaked in in 2011 at 57.05% and is now 1.19% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Queens County NY, New York, US
History of Queens County Renter Fraction
| Date | US | New York | Queens County NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 55.86% |
| 2018 | 36.05% | 46.33% | 54.71% |
| 2017 | 36.13% | 46.20% | 55.73% |
| 2016 | 36.88% | 46.72% | 55.90% |
| 2015 | 36.97% | 46.93% | 56.78% |
| 2014 | 36.90% | 47.02% | 56.93% |
| 2013 | 36.50% | 46.35% | 56.11% |
| 2012 | 36.09% | 46.35% | 56.43% |
| 2011 | 35.42% | 46.41% | 57.05% |
| 2010 | 34.65% | 45.75% | 56.16% |
| 2009 | 34.13% | 44.97% | 54.73% |
| 2007 | 32.80% | 44.48% | 53.59% |
| 2005 | 33.10% | 44.67% | 54.22% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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