11040 — Queens County, New York Market Snapshot
Housing market data for zip code 11040 in Queens County, New York. Updated monthly with median prices, days on market, and more.
Market Sales Data
46 sales in 2026 (year to date)
Median Sale Price
$972,500
Days to Sell
43
Homes Sold
46
Inventory
57
Sale-to-List
99.9%
New Listings
104
Price/SqFt
$625
Pending Sales
71
Conforming Loan Available
The median home in 11040 at $972,500 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
11040's market is balanced with homes taking an average of 43 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 11040 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 11040 at $972,500 falls within the 2026 conforming loan limit of $1,209,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 11040 are set at the county level.
2026 Loan Limits — Queens County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,209,750 | $1,249,125 |
| 2 Units | $1,548,975 | $1,599,375 |
| 3 Units | $1,872,225 | $1,933,200 |
| 4 Units | $2,326,875 | $2,402,625 |
Affordability Snapshot — Zip 11040
To purchase the median home at $972,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,601.
Monthly Payment
$7,601
Income Required
$325,757
Principal & Interest
$5,992/mo
Down Payment (5%)
$48,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 11040.
Estimated Monthly Payment
$6,169
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