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A line is being drawn across Queens when it comes to housing affordability, according to a recently released study by Property Shark.

According to the findings released on Aug. 20, there are only six ZIP codes in northern Queens that have homes for sale at less than $500 per square foot. In the southern half of the borough, however, homes for less than $500 per square foot can be found in every ZIP code.

For the northern half, that means ZIP codes 11356, 11368, 11369, 11370, 11378 and 11379  covering College Point, Corona, Willets Point, East Elmhurst, Maspeth and Middle Village  are the most affordable areas. Median prices in these ZIP codes range from $443 to $498 per square foot, the study shows.

Median prices in southern Queens are below $500 per square foot across the board, with the 11692 ZIP code in the Rockaways having the lowest median price at $199 per square foot.

The study also labels the 11375 ZIP code covering Forest Hills as the most budget-friendly area in Queens, meaning it has more listings on the market priced below $500 per square foot than any other ZIP code.

Median sale prices were calculated based on residential property sales closed between Jan. 1, 2018, and June 30, 2018, the study notes. Single- and two-family homes, co-op units and condos were all included in the study, excluding package deals and sales under $10,000.

In the rest of the city, the study also pointed out many interesting findings. In the Bronx and Staten Island, for example, homes priced below $500 per square foot can be found in every single ZIP code. In Manhattan, on the other hand, only the 10032 ZIP code in Harlem has homes priced that low.

Brooklyn also fared worse than Queens, according to the study, with only a handful of ZIP codes in the eastern half of the borough priced below $500 per square foot.

Image courtesy of Property Shark

Image courtesy of Property Shark

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