ZIP Code 11423 — Hollis, New York

The median home in 11423 is valued at $717,300 against a median household income of $80,870, a price-to-income ratio of 8.9. That is far above the 2.9 median across the 1,572 New York 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 County, 11423 ranks 40 of 60 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.8. Renting takes 25.3% of median household income (median rent $1,706 a month), under the 30% cost-burden threshold.

11423 ranks 759 of 1,572 statewide on median household income and 184 of 1,572 on median home value; its income is below the $89,084 Queens County median. 57% of households own their home, below the 80% statewide ZIP median, making this a majority-owner ZIP. 34% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 10.5%, above the 9.9% statewide ZIP median. Unemployment stands at 9.4%.

With 20,789 residents per square mile across 1.4 square miles of land, 11423 is far denser than the statewide ZIP median of 197 (rank 129 of 1,572). This is apartment-district density: expect multi-family housing, transit access and little single-family stock.