Housing Market: What You Can Afford in Rego Park
One of Rego Park's biggest draws is its housing value. You get significantly more space and amenities compared to Manhattan or trendier Brooklyn neighborhoods.
Typical Prices (2025)
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Studio/1BR: $250,000–$400,000
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2BR: $380,000–$550,000
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3BR: $500,000–$750,000
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Monthly maintenance: around $800–$1,500 (includes heat, hot water, property taxes)
Popular Building in Rego Park - Park Plaza
Popular co-op and condo buildings include Park Plaza (61-15 97th Street) - Full-service co-op with 445 units, The Alexander - Luxury condo with rooftop deck, London Towers - Two distinctive circular towers, Rego Park Towers - Large complex with extensive amenities, and various buildings along Queens Boulevard with doormen and parking.
Check out our blog about this building!
Park Plaza Blog
Schools & Family Life in Rego Park
Rego Park attracts many families thanks to its safe streets, community atmosphere, and educational options.
Public Schools
Elementary Schools: PS 139 Rego Park (highly rated neighborhood school), PS/IS 93 The Ridgewood School (serves students K-8), and PS 206 Joseph F Lamb School (in nearby Forest Hills).
Middle Schools: JHS 157 Stephen A. Halsey (well-regarded middle school) and IS 93 (combined intermediate school).
High Schools: Forest Hills High School (large, diverse school with strong academics) and various specialized high schools accessible via subway.
Private & Parochial Schools
Rego Park's diverse community supports numerous private educational options including yeshivas and Jewish day schools (significant Bukharian community), Catholic schools in neighboring areas, Montessori and progressive schools, and international schools.
Family-Friendly Features
Playgrounds & Parks: Rego Playground (local playground with modern equipment), Bukharian Jewish Community Center (activities and programs), and Forest Park (nearby, 538 acres with hiking, playgrounds, golf).
Activities for Kids: Library programs at Queens Public Library branches, sports leagues and youth programs, music and arts classes, and summer camps.
Safety: Rego Park is considered one of Queens' safer neighborhoods, with low crime rates and an active community watch presence.
Culture, Community & Things to Do
Rego Park's population is remarkably diverse with a large Bukharian Jewish community (Central Asian Jews), Asian communities (Chinese, Korean, Indian), Latino residents, European immigrants (Russian, Polish, Georgian), and American-born families and young professionals.
This diversity creates a genuinely multicultural environment where you'll hear multiple languages on any street corner and find authentic cuisines from around the world.
Fitness & Wellness
Multiple gyms (LA Fitness, Blink, local fitness centers), yoga studios and boutique fitness classes, medical facilities (nearby hospitals and numerous doctors' offices), and pharmacies on every corner.
Family-Friendly Features
Forest Park (15-minute walk): 538 acres of natural woodland, running and cycling paths, George Seuffert Sr. Bandshell for concerts, Forest Park Carousel (historic landmark), golf course and tennis courts, and cross-country skiing in winter.
Local Green Spaces: Small neighborhood parks and playgrounds, tree-lined residential streets perfect for walking, and easy access to Flushing Meadows Corona Park (15 minutes by car).
Forest Park, Myrtle Ave, Union Tpke, Park Lane S
Pros & Cons of Living in Rego Park
The Advantages
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Outstanding value: More space and amenities at 30-40% lower cost
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Exceptional shopping: Costco, Target, and 200+ stores within walking distance
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Reliable transit: E, M, R trains provide consistent service to Manhattan
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Family-friendly: Safe streets, good schools, genuine community
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Cultural diversity: Authentic cuisines and cultures from around the world
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Practical amenities: Most buildings offer doormen, parking, full-service features
The Challenges
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Fewer trendy restaurants: Great food, but not cutting-edge dining scene
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Parking competition: Still challenging in peak hours
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Some older buildings: Many co-ops from 1950s-60s may need updates
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Co-op restrictions: Board approval, sublet limitations, maintenance fees
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Not pedestrian-centric: Queens Blvd is wide and car-oriented
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Distance from water: No waterfront access or harbor views
Investment Potential & Market Trends
Why Rego Park Is a Smart Investment
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Growing demand: Buyers seeking value are discovering Queens
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Infrastructure improvements: Ongoing subway and neighborhood enhancements
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Rental market strength: Strong tenant demand from commuters and families
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Stable property values: Less volatility than trendier neighborhoods
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Development pipeline: New constructions happening consistently
Market Predictions for 2025-2030
Based on current trends, expect steady appreciation of 3-5% annually (moderate, sustainable growth), continued interest from buyers priced out of Brooklyn/Manhattan, rental demand growth as remote work makes Queens more attractive, possible rezoning along Queens Boulevard for denser development, and improving amenities as the neighborhood attracts more businesses.
Best Investment Strategy
For buyers: Look for well-maintained co-ops with strong financials, parking, and doorman service. Corner units with multiple exposures sell fastest.
For investors: Two-bedroom units offer best rental yields. Verify sublet policies carefully, some co-ops restrict rentals.
For families: Prioritize proximity to the subway and good school zones. These factors preserve value long-term.
Working With a Rego Park Real Estate Specialist
Whether you're buying, selling, or renting in Rego Park, working with an agent who knows the neighborhood intimately makes all the difference.
What a Local Specialist Offers
Market expertise: Building-specific knowledge (which co-ops have the best financials), pricing strategies based on recent comparable sales, understanding of board approval processes, and relationships with building management.
Access to opportunities: Off-market listings before they go public, pocket listings from agent networks, early notification of new inventory, and insight into upcoming developments.
Neighborhood guidance: Best blocks for families vs. singles vs. commuters, school zone boundaries, future development plans, and community resources and hidden gems.
Transaction support: Co-op board application preparation, negotiation strategies, attorney and mortgage broker referrals, and closing coordination.Whether you're buying, selling, or renting in Rego Park, working with an agent who knows the neighborhood intimately makes all the difference.
Is Rego Park Right for You?
One of Rego Park's biggest draws is its housing value. You get significantly more space and amenities compared to Manhattan or trendier Brooklyn neighborhoods.
Rego Park is ideal if you:
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Want significantly more space than Manhattan/Brooklyn budgets allow
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Value convenience and practical amenities over trendy scenes
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Need reliable subway access to Manhattan
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Love shopping and having everything within reach
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Want a true neighborhood feel with long-term residents
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Prefer stability over cutting-edge trendiness
Consider other neighborhoods if you:
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Prioritize nightlife and bar scenes
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Want to live in the "coolest" area (Rego Park is practical, not flashy)
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Need to be in Manhattan constantly
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Prefer walking everywhere (Rego Park is walkable but car-oriented)
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Want waterfront living or harbor views
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Seek brand-new luxury construction primarily
Ready to Explore Rego Park?
Rego Park represents one of New York City's best-kept secrets, a neighborhood where you can actually afford space, enjoy genuine community, and still reach Midtown in 20 minutes. As more people discover Queens' value proposition, smart buyers are securing their place in this practical, diverse, and increasingly desirable neighborhood.
Whether you're a first-time buyer stretching your budget, a growing family needing more room, or a Manhattan professional seeking a better quality of life, Rego Park offers a compelling alternative to overpriced alternatives.
Contact a Rego Park specialist today to start your journey to finding the perfect home in one of Queens' most livable neighborhoods!