You are reading

Long Island City’s 11101 ZIP code ranked as third-highest in apartment construction in country: study

Long Island City waterfront. (Photo via Getty Images)

Oct. 20, 2023 By Ethan Marshall

According to a study conducted by the nationwide apartment search website RentCafe, the Queens ZIP Code of 11101, which covers Long Island City, ranks third in new apartments completed from 2018-22.

RentCafe hypothesizes that a big contributing factor to the high demand among renters is due to Long Island City’s close proximity and easy access to Manhattan. Additionally, the area’s location along the East River provides residents with a beautiful view of the Manhattan skyline.

In 2017, there were an estimated 9,631 apartments in Long Island City. From 2018-22, there were 7,081 new apartments built there, marking a 73.5% increase to a total of 16,712 by 2022.

In addition to calculating the number of new apartments added during this period of time, RentCafe also determined the median income and age of residents within this zip code. The median income for apartment residents within the 11101 zip code was $87,264, while the median age of residents was 34.

The only two zip codes to rank ahead of 11101 when it came to new apartments were 20002 and 20003 in Washington, D.C. Ivy City, located in northeastern Washington, D.C., represents the 20002 zip code. The area had 7,378 new apartments added from 2018-22. Capitol Hill is the Washington, D.C., neighborhood represented by the 20003 zip code. From 2018-22, there were 7,225 new apartments added in that neighborhood.

  • To compile this report, new completed apartments data across 142 metropolitan areas containing 917 zip codes were analyzed by RentCafe’s research team. This study was based exclusively on apartment data related to buildings containing at least 50 units. ZIP codes with no more than 500 units or less than three properties and/or buildings were excluded from this analysis.
  • RentCafe’s sister company Yardi Matrix, provided apartment data. Yardi Matrix is a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.
email the author:
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

The reCAPTCHA verification period has expired. Please reload the page.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Queens man faces up to 30 years in prison in connection to fatal shooting of cop in Far Rockaway last month: DA

The driver involved in the fatal shooting of NYPD Detective Jonathan Diller in Far Rockaway last month was indicted on weapons charges, Queens District Attorney Melinda Katz announced Tuesday.

Lindy Jones, 41, of Rockaway Beach Boulevard in Edgemere, was arraigned in Queens Supreme Court on an indictment charging him with criminal possession of a weapon for a gun found in the car from which his codefendant Guy Rivera allegedly fired the fatal shot.

Construction collapse traps two workers at Springfield Gardens home Tuesday morning: FDNY

Firefighters and EMS personnel rescued two construction workers who were trapped and pinned under a concrete slab after a retaining wall collapsed on them in front of a Springfield Gardens home on Tuesday morning. The FDNY received a call of a trench collapse at around 9:42 a.m. at a two-story home at 135-40 229th St., where the workers became trapped after the porch caved in on them.

“They were trapped under there for a while, one looked unconscious,” a concerned neighbor said at the scene.