Forest Hills Ranked Best Area To Buy For 1st Time Home Buyers

queens new york real estate

FOREST HILLS, QUEENS — Forest Hills is the most accessible neighborhood in Queens for first-time home buyers, and among the city’s top-two most affordable areas to look for a first home overall, a new study shows.

The study, by the real estate website StreetEasy, defined “affordable” homes as those listings that people could buy if they earn the city’s median annual income of $70,406, and save 10 percent of their gross income for 10 years. By these metrics, affordable homes in NYC cost a median of $352,780, factoring in a 20 percent down payment and other maintenance fees, according to the study.

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