What is the Best Neighborhoods USA ranking for Far Rockaway?
Far Rockaway is ranked #164 of 199 eligible neighborhoods in New York; #339 of 418 eligible neighborhoods in NY; and #11,526 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Far Rockaway
New York, NY | Queens County
Scored premium profile
Best Neighborhoods USA Index
38.2
Stability and Strength
25.8
Value Opportunity
20.2
Momentum
83.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New York, NY |
| County | Queens County |
| National rank | #11,526 of 14,967 |
| State rank | #339 of 418 |
| City rank | #164 of 199 |
| County rank | #46 of 48 |
| National percentile | 23.0 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $814,065 |
| Year-over-year home value change | 7.7% |
| Month-over-month home value change | 0.11% |
| Home value to income ratio | 15.92 |
| Median household income | $51,120 |
| Bachelor's degree or higher | 23.7% |
| Civilian unemployment rate | 10.9% |
| Homeownership rate | 24.8% |
| Housing vacancy rate | 4.2% |
| Rent burden 30% or higher | 55.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Far Rockaway
Is Far Rockaway one of the best neighborhoods in New York?
Far Rockaway has a Best Neighborhoods USA Index of 38.2 and a city ranking of #164 of 199 eligible neighborhoods in New York.
How much are homes worth in Far Rockaway?
The current Zillow Home Value Index for Far Rockaway is approximately $814,065.
Are home values rising or falling in Far Rockaway?
Zillow neighborhood values changed 7.7% year over year and 0.11% month over month.
What is the Neighborhood Momentum Score for Far Rockaway?
Far Rockaway has a Neighborhood Momentum Score of 83.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Far Rockaway?
The NDS-derived neighborhood median household income is approximately $51,120.
How affordable is Far Rockaway relative to household income?
The current Zillow home-value-to-household-income ratio is 15.92. Price-to-income affordability is a major Value Opportunity input.
Is Far Rockaway primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 24.8%.
What is the unemployment rate in Far Rockaway?
The NDS-derived civilian unemployment rate is approximately 10.9%.
How educated are residents of Far Rockaway?
Approximately 23.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Far Rockaway face high rent burden?
Approximately 55.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Far Rockaway?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications425
Estimated originations204
Home-purchase applications190
Origination rate47.9%
Home-purchase share44.6%
Average application loan$537,891
Total application loan amount$228,670,117
National application rankNot rankable
Geometry coverage82.5%
Recent trend: Applications 8.1% YoY; originations 20.0% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.