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Zip Code 11368

Corona, NY • Queens County

Real Estate Market Analysis

Q3 2025 Report
$445,307 (Zillow, Feb 2025)
Median Home Value
~110,000 (est., 2025)
Population
$54,000 (est.)
Median Income
Average (C+ to B-)
School District Rating

Market Statistics

Property Values

$445,307 (Zillow, Feb 2025)
Median Home Value
$2,200–$2,600/mo (est., 2025)
Median Rent
$538 (Queens avg., June 2025)
Price per Sq Ft

Market Performance

Home Appreciation+0.3% (past year, Zillow); +9.4% (list price, Rocket)
Market Velocity147 homes for sale in Jan 2025, up 0.7% MoM; inventory fluctuates by bedroom type[1]
Foreclosure RateLow; Queens overall stable

Area Information

Area Size~2.5 sq mi
CountyQueens
Primary CityCorona

Housing Profile

Housing Statistics

Total Housing Units~30,000 (est.)
Owner Occupied~20% (est., majority renters)
Rental Properties~80% (est.)
Vacant UnitsLow (<5%)
New ConstructionLimited, mostly small-scale infill and multifamily

Housing Types

Prewar multifamily walk-upsPostwar apartment buildingsAttached single-family homesCondos/co-opsMixed-use buildings

Demographics

~110,000 (est., 2025)
Population
32
Median Age
$54,000 (est.)
Median Income
~93% (est., unemployment ~7%)
Employment Rate
Low-to-moderate; high % without college degree
Education Levels
Predominantly families; large immigrant population, multi-generational households
Family Composition

Education Quality

School District Performance

Average (C+ to B-)
District Rating
School DistrictNYC District 24
Test ScoresBelow city average; ELA and Math proficiency ~35-40%
Graduation Rates~75% (high schools)

Schools in Area

  • PS 19 Marino Jeantet
  • PS 16 The Nancy DeBenedittis School
  • IS 61 Leonardo Da Vinci
  • Corona Arts & Sciences Academy

Economic Factors

Employment & Business

Job GrowthModest, steady in service and healthcare sectors
Unemployment Rate~7% (above city avg.)
Business EnvironmentVibrant small business corridor, especially along Roosevelt Ave.
Commercial ActivityHigh street-level retail, food, and services

Major Employers

  • NYC Department of Education
  • Elmhurst Hospital
  • Retail/service businesses
  • Construction/trades

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • Subway: 7 train (Junction Blvd, 103rd St-Corona Plaza)
  • • Q23, Q48, Q66 buses
  • • Easy access to LIE (I-495), Grand Central Pkwy

Utilities & Services

  • • NYC water/sewer
  • • Con Edison electric/gas
  • • Sanitation, recycling

Quality of Life

Safety & Environment

Moderate; property crime higher than violent crime, but trending downward

Urban, some air/noise pollution; park access offsets

Healthcare Access

  • • Elmhurst Hospital
  • • NYC Health + Hospitals/Queens

Development Trends

Planned Developments

  • Mixed-use projects near Flushing Meadows
  • Small-scale multifamily infill

Infrastructure Projects

  • • Corona Plaza improvements
  • • Transit station upgrades

Investment Outlook

Growth Outlook

Stable, moderate growth; demand driven by affordability and proximity to transit

Investment Opportunities

  • • Value-add multifamily
  • • Retail storefronts
  • • Accessory dwelling units

Marketing Intelligence

Target Demographics

  • First-generation immigrant families
  • Investors seeking rental income
  • Young professionals priced out of Manhattan/Brooklyn

Competitive Advantages

  • Affordability vs. western Queens
  • Strong rental demand
  • Transit access

Pricing Strategies

Competitive pricing below western Queens; highlight value vs. Manhattan/Brooklyn

Common Objections & Response Strategies

Objection: Schools are average or below average.

Response Strategy:

Highlight after-school programs, proximity to specialized schools, and ongoing district improvements.

Objection: Neighborhood is crowded and noisy.

Response Strategy:

Emphasize park access, community feel, and convenience to transit.

Objection: Older housing stock needs updates.

Response Strategy:

Point out value-add potential and recent renovations in select properties.

Professional Recommendations

1

Emphasize rental income and affordability in marketing.

2

Network with local community organizations for referrals.

3

Stay informed on zoning and development changes.

4

Guide buyers through co-op/condo board processes.

5

Highlight proximity to Flushing Meadows Park and transit.

Competitive Analysis

Comparable Markets

  • 11373 (Elmhurst)
  • 11372 (Jackson Heights)
  • 11354 (Flushing)

Market Positioning

Affordable, high-density, rental-oriented neighborhood with strong transit links

Competitive Advantages

  • Lower entry price than Jackson Heights/Flushing
  • Higher rental yields than Elmhurst

Price Comparison

Median home value below Queens average ($719,507) and well below Manhattan/Brooklyn

Investment Metrics

4.5–5.5% (multifamily, 2025)
Cap Rates
5–6% gross
Rental Yields
~16–18
Price-to-Rent
Strong for stabilized multifamily; moderate for single-family
Cash Flow
2–3% annually (conservative)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by price, transit, and family amenities; may need education on co-op/condo process.

Move-Up Buyers

Seek larger units or multi-family; limited inventory, but value in renovations.

Downsizers

Less common; some interest in condos/co-ops with elevator access.

Investors

Strong demand for rental units; focus on cash flow and tenant stability.

Relocators

Drawn by affordability and access to citywide transit.

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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