It seems that more and more people are discovering the joys of Astoria: its lively restaurant scene, its waterfront parks, its independent shops, and perhaps best of all, its affordability. During the first three quarters of 2023, 237 residential properties were purchased—68% of them for less than $1 million. Another 30% sold for $1 million-$3 million, with the remainder selling for more than $3 million but less than $8 million.
As of mid-October, 108 residential properties were for sale. Here, an even greater percentage—79%—were priced at less than $1 million, and another 19% had an asking price in the $1 million $3 million range.
The median asking price for co-op units was $463,000, compared with $734,00 for condos and $1.65 million for townhouses.
Only 65 residential units in Astoria were for rent as of mid-October 2023. Of those, 8% were charging less than $2,500 a month in rent. Nearly two-thirds rented for $2,500-$3,500 a month, and another 23% charged $3,500-$5,000 a month. Monthly rent for the remaining 6% of properties was $5,000-$9,000.
Available residential rentals topped out at three bedrooms; these charged a median monthly rent of $3,650. On the other end of the scale, the median rent for studios was $2,736 a month. At $3,000, the median monthly rent for one-bedroom apartments wasn’t significantly more.
