118th St / 89th Ave median real estate price is $989,949, which is more expensive than 73.1% of the neighborhoods in New York and 90.1% of the neighborhoods in the U.S.
The average rental price in 118th St / 89th Ave is currently $3,702, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.3% of the neighborhoods in New York.
118th St / 89th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
118th St / 89th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 118th St / 89th 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.
In 118th St / 89th Ave, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 81.3% of all neighborhoods in the U.S. This means that the housing supply in 118th St / 89th Ave is very tight compared to the demand for property here.
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 118th St / 89th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
The 118th St / 89th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,527 persons per square mile in the neighborhood, it is more packed with people than 97.5% 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 118th St / 89th 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 118th St / 89th 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 52.3% of the real estate here is made up of such dwellings, which is higher than 98.6% of all U.S. neighborhoods.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 59.4% of the residential real estate in the 118th St / 89th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 27.8% of the 118th St / 89th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (13.0% ride the bus) than 96.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
People
The 118th St / 89th Ave neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 9.1% of college-friendly places to live in NY.
Diversity
Did you know that the 118th St / 89th Ave neighborhood has more West Indian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.8% of this neighborhood's residents have West Indian ancestry and 2.9% have Greek ancestry.
118th St / 89th Ave is also pretty special linguistically. Significantly, 18.2% 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 99.9% of the neighborhoods in America.
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 118th St / 89th Ave neighborhood has a greater percentage of residents born in another country (49.4%) than are found in 97.5% of all U.S. neighborhoods.
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 118th St / 89th Ave neighborhood in Queens are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.8% of the neighborhoods in America. In addition, 1.8% 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 75.7% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the 118th St / 89th Ave neighborhood, 32.0% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (26.4%), and 13.0% in clerical, assistant, and tech support 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 118th St / 89th Ave neighborhood is English, spoken by 42.8% of households. Other important languages spoken here include Spanish, Langs. of India and Chinese.
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 118th St / 89th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (32.7%). There are also a number of people of Puerto Rican ancestry (13.1%), and residents who report German roots (12.9%), and some of the residents are also of Irish ancestry (12.1%), along with some South American ancestry residents (5.5%), among others. In addition, 49.4% of the residents of this neighborhood were born in another country.
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 118th St / 89th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (50.9% of working residents), longer and tougher than most commutes in America.
Here most residents (38.8%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (27.8%) and 13.0% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
