Queens County Real Estate and Livability Trends
Queens County, New York has seen median home values jump from $450,300 in 2015 to around $677,700 in 2022, outpacing state and national averages and signaling a dynamic real estate market. Average taxable income surged notably from $53,988.94 to $62,476.56 between 2020 and 2021, accompanied by nearly doubled state and local income taxes over the past decade, possibly due to higher incomes or... Read more
Queens County Market Trends
Queens County, New York has seen a robust rise in median home values from $450,300 in 2015 to $677,700 in 2022, outpacing both the state and national averages. The average residential energy tax credit per tax return surged significantly, peaking at $2,312.79 in 2018, which may suggest growing investments in energy-efficient home improvements. Real estate taxes have also steadily risen from... Read more
Median Value of Occupied Housing Units in Queens County, New York Over the Last 8 Years
Queens County, New York has shown a steady increase in median home values from $450,300 in 2015 to $677,700 in 2022, reflecting a robust upward trend. This rise outpaces both the state and national averages, with New York State climbing from $283,400 to $384,100 and the national median rising from $125,500 to $179,400 over the same period. This significant growth in Queens suggests it might offer attractive investment opportunities compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Queens County, NY Over the Last 9 Years
The data highlights a significant upward trend in the average residential energy tax credit claimed per tax return in Queens County, New York, over the past nine years. From a modest $446.74 in 2013, the average credit saw an impressive surge to $1,304.57 by 2017, peaking at $2,312.79 in 2018 before stabilizing around $1,741.15 to $1,887.29 in the years following. This could potentially indicate growing investments in energy-efficient home improvements and increasing awareness of available tax incentives among residents. This trend might interest investors, property developers, and insurance agents as it signals both rising property enhancements and potential energy savings, making real estate in Queens County more appealing.
Average Real Estate Taxes Per Tax Return in Queens County, NY Over the Last 10 Years
Queens County, New York, has seen a steady increase in average real estate taxes per tax return over the past decade. Starting at approximately $4,023.57 in 2012, the figure climbed to around $6,416.63 by 2021. This gradual rise in property taxes could be indicative of increased property values or shifts in local tax policies, impacting decisions for investors, new residents, and real estate professionals alike. Understanding these trends is crucial for anticipating future financial commitments and assessing the attractiveness of the area for both residential and commercial interests.
Percentage of Farm Returns in Queens County, NY Over the Last 10 Years
Farm tax returns in Queens County, New York have generally remained quite low over the last decade, with percentages hovering around the 0.007% mark. This data reflects the small presence of farm-related activities in the area, likely due to urbanization and high property values. For investors or those considering property development, this trend suggests potential opportunities in urban sectors rather than agriculture. Current residents and prospective movers might find the predominantly non-agricultural setting more suited to commercial or residential projects rather than farming ventures.
Number of Mortgages by Occupancy Type in Queens County, NY Over the Last 5 Years in Queens County
Over the last five years, Queens County, New York has seen fluctuating yet generally consistent numbers in mortgage counts across various occupancy types. There's a noticeable dominance of principal residence mortgages, which suggests a stable residential demand, while investment properties also make up a significant portion but show a slight decrease, particularly post-2021. This shift matters for investors and real estate agents since changes in occupancy types could signal potential shifts in market dynamics, risk profiles for insurers, and future property development opportunities. For those considering moving to Queens or purchasing property, the prominence of principal residence mortgages could indicate a strong community presence and stability in the housing market.
Economic Outlook
Average taxable income and total tax liability in Queens County, New York, have steadily increased over the past decade, with especially sharp rises noted between 2020 and 2021. For example, average taxable income jumped from $53,988.94 to $62,476.56 during that period. Concurrently, state and local income taxes also saw sustained growth, doubling from $7,986.34 in 2012 to $15,337.42 in 2021, reflecting possibly higher incomes and elevated property values or broader economic shifts. The... Read more
Average Taxable Income per Tax Return in Queens County, NY over the last 9 years
Average taxable income per tax return in Queens County, New York has steadily increased over the past nine years, with a notable jump between 2020 and 2021 from $53,988.94 to $62,476.56. This growth trend may reflect broader economic conditions, housing market dynamics, or shifts in the local job market, making it significant for investors, real estate agents, and potential residents to monitor. The spike in 2021 could signal emerging opportunities or market changes that warrant further investigation.
Average State and Local Income Taxes Per Tax Return in Queens County, NY Over the Last 10 Years
Over the past decade, Queens County, New York has experienced a steady increase in average state and local income taxes per tax return, climbing from approximately $7,986.34 in 2012 to about $15,337.42 in 2021. Noticeable jumps occurred between 2017 and 2018, as well as 2020 to 2021, which could signify broader economic changes or tax policy shifts impacting residents. This upward trend in tax values might be a consideration for potential investors, homebuyers, and property developers, highlighting an area with growing financial burdens but potentially reflective of rising income levels or property values. Such insights could be particularly relevant for real estate agents and insurance agents working within the county.
Average Total Tax Liability Per Tax Return in Queens County, NY Over the Last 10 Years
The data reveals that the average total tax liability per tax return in Queens County, New York, has generally increased over the past decade, peaking at $9,441.27 in 2021. The upward trajectory, particularly sharp from 2017 onwards, may suggest rising incomes or property values in the area, which could be of interest to potential investors and real estate agents. Observing these fluctuations can provide appraisers and insurance agents valuable context for risk assessment and price evaluations, making it a noteworthy consideration for anyone involved in the Queens County real estate market or those contemplating a move to the region.
Cost of Living in Queens County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,260 | $1,633 | $1,777 | $2,943 | $2,842 |
| 2 adults 3 children | $3,260 | $1,334 | $1,741 | $2,943 | $2,670 |
| 1 adult 4 children | $3,260 | $1,333 | $1,105 | $2,943 | $2,834 |
| 1 adult 3 children | $3,260 | $1,089 | $1,068 | $2,943 | $2,709 |
| 2 adults 2 children | $2,596 | $1,092 | $1,704 | $2,585 | $2,191 |
| 1 adult 2 children | $2,596 | $816 | $1,031 | $2,585 | $2,243 |
| 2 adults 1 child | $2,596 | $863 | $1,667 | $1,423 | $1,817 |
| 1 adult 1 child | $2,596 | $557 | $995 | $1,423 | $1,766 |
| 2 adults | $2,298 | $693 | $1,189 | $0 | $1,194 |
| 1 adult | $2,249 | $378 | $594 | $0 | $1,215 |
Demographics
Queens County, New York, shows a slightly higher female adult population compared to males. The population spans a wide age range, with notable segments among those aged 25-34 and 35-44 years. Educational attainment varies significantly, with a considerable number of residents holding at least a high school diploma, and a substantial portion achieving bachelor's or graduate degrees. The racial landscape in Queens is quite diverse, with significant White and Asian communities, supplemented by a... Read more
Race Distribution in Queens County, New York (2022)
Educational Attainment in Queens County, New York (2022)
Age Distribution in Queens County, New York
Citizen Population in Queens County, New York (2022)
Political Trends & Data
Queens County, New York, showed a strong Democratic leaning in the 2020 U.S. Presidential Election, with around 71.6% of votes for the Democratic candidate and roughly 26.8% for the Republican. This political landscape might shape local campaign strategies and policy directions, underscoring the region's progressive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Queens County, New York, leaned heavily Democratic in the 2020 U.S. Presidential Election, with approximately 71.6% of the vote potentially going to the Democratic candidate. In contrast, the Republican candidate appeared to secure around 26.8%, while other parties like the Libertarians and Greens collectively garnered less than 1% each. This strong Democratic preference might highlight the county's political inclinations and could influence future campaign strategies and policy focus.
26.77% of voters voted for the Republican party in the 2020 Presidential Election
71.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Green party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Queens County, New York has experienced a decrease in its student-to-teacher ratio, from a peak of 16 in 2015 to around 13 recently. This trend suggests smaller class sizes, potentially boosting educational outcomes and making the area attractive for potential relocators and property investors. With a student-to-teacher ratio lower than the national average of 14, this could be a key selling point for real estate agents, appraisers, and insurance agents, highlighting the... Read more
Student-to-teacher ratio in Queens County, New York over the last 10 years
Over the past ten years, Queens County, New York has seen its student-to-teacher ratio fluctuate, peaking at 16 in 2015 but gradually decreasing to around 13 in recent years, noticeably improving from its earlier highs. This trend indicates a move toward smaller class sizes, which could have positive implications for educational outcomes, providing more personalized attention and potentially enhancing student performance. For those considering relocating or investing in property here, this lower ratio compares favorably to the national average of 14 students per teacher, suggesting a potentially higher quality of education. Lower student-to-teacher ratios may also be a selling point for real estate agents, appraisers, and insurance agents, as they reflect a community investment in education.
