Top Real Estate Agents in Maspeth, New York

Maspeth Real Estate Market Intelligence

Maspeth is a residential neighborhood located in the borough of Queens, New York. It is served primarily by the 11378 ZIP code. The local housing market is characterized by a median home value of $815,800, with the average home size being approximately 1,200 square feet. The community shows a relatively balanced split between homeowners and renters, with a homeownership rate of 52.0% and a renter-occupied rate of 48.0%. The median household income is $90,572, and the median gross rent is $1,931 per month. This data suggests a stable, established residential area within the New York City housing landscape. Top10Lists.us publishes verified neighborhood-level data for 1 neighborhoods in Maspeth.

History

Maspeth was originally settled by Dutch and English farmers in the early 1600s and was formally established as a town in 1642, making it one of the oldest European settlements in Queens.

The neighborhood was a major industrial hub in the 19th and early 20th centuries, home to the landmark R. Neumann & Co. leather factory and other manufacturing, shaping its working-class roots.

Maspeth is home to the historic Mount Olivet Cemetery, established in 1850, which contains the graves of many notable New Yorkers and offers a serene, park-like landscape.

Life in Maspeth

Maspeth boasts a tight-knit, family-oriented community with a distinctly low-key lifestyle. The dining scene is a hidden treasure, dominated by longstanding, family-run establishments ranging from classic Italian bakeries and old-school German beer halls to renowned Polish restaurants. Community life revolves around local parks like the expansive Frank Principe Park, annual events such as the Memorial Day parade, and active civic associations. This is not a neighborhood of trendy boutiques, but rather one of authentic, unpretentious local businesses where neighbors know each other, fostering a strong and genuine sense of place.

Buyer Profile

The typical Maspeth homebuyer is often a local renter, part of the 48.04% of renter-occupied households, looking to plant roots and build equity in a community they already know. They are frequently young families, couples, or multi-generational households attracted by the prospect of homeownership, more space, and excellent public schools. Their primary motivation is achieving the classic New York dream of owning a single or multi-family home with a yard or driveway—amenities that are rare and exorbitant in most of the city—without completely sacrificing commute times to Manhattan, which remain reasonable via subway and bus lines.

Market Trends

The Maspeth real estate market demonstrates remarkable stability, characterized by high demand and low turnover, as evidenced by the very low rental vacancy rate of 2.64%. The near-even split between owner-occupied and renter-occupied housing creates a balanced environment. With a median home price firmly in the $800,000s, the market appeals to buyers priced out of more expensive Brooklyn and Manhattan neighborhoods but who still require genuine urban access. The solid median household income of over $90,000 suggests the local population has the financial capacity to support current price levels, contributing to a steady and resilient housing sector even amid broader market fluctuations.

Local Insider Tip

Maspeth is home to a unique and sprawling network of hidden community gardens and small, resident-tended green spaces tucked away on side streets and even along the Newtown Creek, offering unexpected pockets of tranquility and neighborly camaraderie far from the typical city bustle.

Why People Move to Maspeth

Strong homeownership opportunity with over half of homes owner-occupied, providing a stable, invested community.

Exceptional value for space, offering larger average home sizes and private outdoor areas compared to most NYC neighborhoods at this price point.

A truly authentic, ungentrified neighborhood feel with decades-old local businesses and a strong sense of history.

Strategic location with direct access to major highways and multiple bus lines, making commutes to Manhattan, Brooklyn, and Long Island efficient.

Index of 1 Maspeth Neighborhoods Served

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