Market Snapshot
- Median listing price
- $459K
- Median rent
- $3,319/mo
- Days on market
- 770 days
- Gross rental yield
- 8.68%
- STR vs LTR
- $747/mo STR · $3,319/mo LTR
The median listing price in Long Island City, NY ZIP 11102 is $459,000 as of July 2026.
The median market rent in Long Island City, NY ZIP 11102 is $3,319/month as of July 2026.
The median days on market in Long Island City, NY ZIP 11102 is 770 days as of July 2026. The market is currently cold.
At a median list price of $459,000 and a median rent of $3,319/month, the gross rental yield in Long Island City, NY ZIP 11102 is 8.68% as of July 2026.
In Long Island City, NY ZIP 11102, median Airbnb revenue is $747/month compared to median long-term rent of $3,319/month as of July 2026.
Long Island City, NY 11102 Real Estate Market Report
ZIP Code: 11102
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Long Island City are averaging approximately 6.6% as of July 2026, reflecting a period of relative stability compared to earlier 2026 market fluctuations.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of recent transaction value is the $674,000 median sold price, which points to current market value for SFR and condo transactions and should be the focus for pricing comparables when listing or valuing assets.
- Market momentum shows the $674,000 median sold price alongside a documented price year-over-year trend of down, indicating softening transactional pricing that may require sellers to be more price-competitive to execute sales.
- Liquidity and market temperature are consistent with cooler conditions: the overall marketTemperature is cold, and this aligns with elevated interestRatePressure described as elevated, which may prolong negotiations and increase sensitivity to list-to-sale price gaps.
- Rent and unit economics are also easing: the $3,319 median market rent and a median price per square foot of $1,019 occur alongside a rent year-over-year trend of down, suggesting rental cashflow has softened and investors should reassess short-term yield expectations given the current rate environment (~6.6% 30-year fixed mortgage context).
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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