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Zip Code 11355

Flushing, NY • Queens County

Real Estate Market Analysis

Q3 2025 Report
$768,000 (mid-2025 estimate)
Median Home Value
~85,000
Population
$56,000
Median Income
Above average for NYC
School District Rating

Market Statistics

Property Values

$768,000 (mid-2025 estimate)
Median Home Value
$2,400/month (mid-2025 estimate)
Median Rent
$740 (mid-2025)
Price per Sq Ft

Market Performance

Home Appreciation~3.5% YoY (2024-2025)
Market Velocity313 homes for sale in June 2025, up 11.4% MoM; inventory rising[2]
Foreclosure RateLow, consistent with NYC averages

Area Information

Area Size~1.5 sq mi
CountyQueens
Primary CityFlushing

Housing Profile

Housing Statistics

Total Housing Units~27,000
Owner Occupied~33%
Rental Properties~67%
Vacant Units1.4% (NYC avg, 2023)[4]
New ConstructionSignificant uptick in multifamily completions in Queens, up 73.1% YoY to 8,061 units in 2024[4]

Housing Types

Co-opsCondosSingle-family homesMultifamily buildingsHigh-rise apartments

Demographics

~85,000
Population
41
Median Age
$56,000
Median Income
~94% (unemployment ~6%)
Employment Rate
High proportion with college degrees; significant immigrant population
Education Levels
Predominantly families and multi-generational households; large Asian and immigrant communities
Family Composition

Education Quality

School District Performance

Above average for NYC
District Rating
School DistrictNYC District 25
Test ScoresConsistently above city average, especially in math and science
Graduation Rates~88% (2024)

Schools in Area

  • PS 20 John Bowne
  • PS 24 Andrew Jackson
  • JHS 189 Daniel Carter Beard
  • Flushing High School
  • Townsend Harris High School (top-rated)

Economic Factors

Employment & Business

Job GrowthSteady, with healthcare and retail leading
Unemployment Rate~6% (2025 est.)
Business EnvironmentVibrant small business sector, strong Asian business presence
Commercial ActivityHigh, especially along Main St and Roosevelt Ave

Major Employers

  • NY Presbyterian Queens
  • Flushing Hospital Medical Center
  • Retail (Main St corridor)
  • Small businesses
  • Restaurants and hospitality

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • 7 subway line (Main St-Flushing)
  • • LIRR (Flushing-Main St)
  • • Multiple MTA bus lines
  • • Easy access to Van Wyck Expwy, Grand Central Pkwy

Utilities & Services

  • • Con Edison (electric/gas)
  • • NYC Water
  • • Multiple internet/cable providers

Quality of Life

Safety & Environment

Lower than NYC average; property crime is primary concern

Urban, moderate air quality, good park access

Healthcare Access

  • • NY Presbyterian Queens
  • • Flushing Hospital Medical Center

Development Trends

Planned Developments

  • New multifamily projects (sub-100 units focus)[1]
  • Mixed-use retail/residential buildings

Infrastructure Projects

  • • Transit improvements (ADA upgrades at Main St station)

Investment Outlook

Growth Outlook

Moderate growth, with strong demand for multifamily and rental units[1][4]

Investment Opportunities

  • • Value-add multifamily
  • • Retail storefronts
  • • Condo conversions

Marketing Intelligence

Target Demographics

  • Asian families
  • Young professionals
  • Investors (local and overseas)
  • Multi-generational households

Competitive Advantages

  • Transit hub
  • Cultural amenities
  • Strong rental market

Pricing Strategies

Competitive pricing with focus on value, especially for updated and well-located properties

Common Objections & Response Strategies

Objection: High property prices relative to other Queens neighborhoods

Response Strategy:

Emphasize long-term appreciation, rental demand, and transit access

Objection: Congestion and noise

Response Strategy:

Highlight walkability, amenities, and quieter side streets

Objection: Older building stock

Response Strategy:

Showcase renovated units and new construction options

Professional Recommendations

1

Leverage multilingual marketing and community connections

2

Highlight transit, schools, and rental demand in listings

3

Educate buyers on co-op/condo rules and financing

4

Target investors with data on rental yields and appreciation

5

Monitor new construction pipeline for opportunities and competition

Competitive Analysis

Comparable Markets

  • 11354 (Flushing North)
  • 11367 (Kew Gardens Hills)
  • 11358 (Murray Hill)

Market Positioning

Transit-oriented, multicultural hub with strong rental and retail demand

Competitive Advantages

  • Better transit access
  • More diverse housing stock
  • Stronger retail/commercial base

Price Comparison

Slightly higher than 11354/11367, but lower than Manhattan or LIC

Investment Metrics

3.8%–4.5% (multifamily, 2025)
Cap Rates
~4% gross yield
Rental Yields
~27–29
Price-to-Rent
Moderate for stabilized assets; higher for value-add
Cash Flow
3–4% annually (2025–2027)
Appreciation

Buyer Journey Insights

First-Time Buyers

Seek smaller condos/co-ops; need education on co-op rules and financing

Move-Up Buyers

Target larger condos, single-family homes; value school quality and transit

Downsizers

Prefer newer condos with amenities, elevator access

Investors

Focus on multifamily and rental yield; strong interest from overseas

Relocators

Attracted by transit, cultural amenities, and diverse food scene

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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