ZIP Code 11416 — Queens, New York

The median home in 11416 is valued at $740,500 against a median household income of $81,188, a price-to-income ratio of 9.1. That is in line with the 8.7 median across the 178 New York City ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, so buying here on a local median income requires substantial savings or a second income. Within Queens, 11416 ranks 41 of 60 ZIPs on affordability (1 = lowest ratio); the borough median ratio is 7.9. Renting takes 29.7% of median household income (median rent $2,009 a month), under the 30% cost-burden threshold.

11416 ranks 108 of 178 citywide on median household income and 89 of 178 on median home value; its income is below the $90,044 Queens median. 49% of households own their home, above the 35% citywide ZIP median, so most residents rent. 24% of adults hold a bachelor's degree or higher, below the 39% median, and the poverty rate is 18.2%, above the 13.8% citywide ZIP median. Unemployment stands at 7.8%.

With 51,838 residents per square mile across 0.5 square miles of land, 11416 is less dense than the citywide ZIP median of 92,954 (rank 144 of 178). This is classic New York apartment density: walk-ups, elevator buildings and mixed commercial corridors.