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Real Estate Prices & Overview

107th St / 103rd Ave median real estate price is $804,444, which is more expensive than 59.7% of the neighborhoods in New York and 84.2% of the neighborhoods in the U.S.

The average rental price in 107th St / 103rd Ave is currently $3,257, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.5% of New York neighborhoods.

107th St / 103rd Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

107th St / 103rd Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 107th St / 103rd Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in 107th St / 103rd Ave are 4.0%, which is lower than one will find in 72.4% of American neighborhoods. Demand for real estate in 107th St / 103rd Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Queens, the 107th St / 103rd Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The 107th St / 103rd Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 50,197 persons per square mile in the neighborhood, it is more packed with people than 98.4% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The 107th St / 103rd Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the 107th St / 103rd Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 50.5% of the real estate here is made up of such dwellings, which is higher than 98.5% of all U.S. neighborhoods.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The 107th St / 103rd Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 70.6% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.7% of the neighborhoods in the United States.

Modes of Transportation

In the 107th St / 103rd Ave neighborhood, 40.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 98.9% of the neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the 107th St / 103rd Ave neighborhood buck this trend. 43.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the 107th St / 103rd Ave neighborhood has a greater percentage of residents born in another country (71.0%) than are found in 99.8% of all U.S. neighborhoods.

Diversity

Did you know that the 107th St / 103rd Ave neighborhood has more Native American and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Native American ancestry and 41.9% have Asian ancestry.

107th St / 103rd Ave is also pretty special linguistically. Significantly, 9.4% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the 107th St / 103rd Ave neighborhood in Queens are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 56.6% of the neighborhoods in America. In addition, 6.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 61.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the 107th St / 103rd Ave neighborhood, 30.7% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.9%), and 21.4% in executive, management, and professional occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the 107th St / 103rd Ave neighborhood is English, spoken by 69.0% of households. Other important languages spoken here include Spanish, Langs. of India, Chinese and Tagalog (the first language of the Philippine region).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the 107th St / 103rd Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (41.9%). There are also a number of people of South American ancestry (9.3%), and residents who report Native American roots (6.2%), and some of the residents are also of Italian ancestry (2.0%), along with some Cuban ancestry residents (1.6%), among others. In addition, 71.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in 107th St / 103rd Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (49.7% of working residents), longer and tougher than most commutes in America.

Here most residents (40.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (29.7%) and 11.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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