Real Estate
Forest Hills Named Top Spot For First-Time Home Buyers
Forest Hills, Jackson Heights, Kew Gardens and Rego Park all made the list in a report on the best neighborhoods for first-time home buyers.
FOREST HILLS, QUEENS — Forest Hills is the best neighborhood for millennials buying their first home, according to a new report.
Forest Hills nabbed the number-one spot in StreetEasy's list of the best New York City neighborhoods for first-time home buyers, with 414 apartments affordable to millennials earning the median household income.
The median asking price for the homes StreetEasy considered affordable was $335,000.
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StreetEasy analyzed the number of homes in each neighborhood that would be affordable to New Yorkers aged 25 to 44 who earned $70,406, the median household income according to 2017 census data.
The home qualified as affordable if the monthly cost — including mortgage payments, taxes and maintenance costs — fell under 40 percent of the monthly gross household income.
Find out what's happening in Forest Hillsfor free with the latest updates from Patch.
Three other Queens neighborhoods made the list, according to StreetEasy: Rego Park, Kew Gardens and Jackson Heights.
Midtown East was the only Manhattan neighborhood to make it into the top 10.
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