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Real Estate Prices & Overview

Laurel Hill Blvd / 45th St median real estate price is $1,432,285, which is more expensive than 86.1% of the neighborhoods in New York and 95.7% of the neighborhoods in the U.S.

The average rental price in Laurel Hill Blvd / 45th St is currently $3,538, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.9% of the neighborhoods in New York.

Laurel Hill Blvd / 45th St is a densely urban neighborhood (based on population density) located in Queens, New York.

Laurel Hill Blvd / 45th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Laurel Hill Blvd / 45th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Laurel Hill Blvd / 45th St has a 15.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 39.7% of the Laurel Hill Blvd / 45th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's neighborhoods.

Also, our research revealed that more commuters here take the bus to work (17.7% ride the bus) than 98.3% 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.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Laurel Hill Blvd / 45th St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 52.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.6% of America's neighborhoods.

In addition, the Laurel Hill Blvd / 45th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 38,734 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Laurel Hill Blvd / 45th St neighborhood is one of the most walkable neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Laurel Hill Blvd / 45th St neighborhood has a highly unusual pattern of car ownership. 39.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.0% of U.S. neighborhoods.

Diversity

Did you know that the Laurel Hill Blvd / 45th St neighborhood has more South American and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.1% of this neighborhood's residents have South American ancestry and 38.0% have Asian ancestry.

Laurel Hill Blvd / 45th St is also pretty special linguistically. Significantly, 12.9% 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 99.6% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Laurel Hill Blvd / 45th St neighborhood has a greater percentage of residents born in another country (42.4%) than are found in 95.0% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Laurel Hill Blvd / 45th St 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 70.1% of the neighborhoods in America. With 21.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.1% of U.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 Laurel Hill Blvd / 45th St neighborhood, 44.4% of the working population is employed in executive, management, and professional 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 22.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.7%), and 16.3% 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 Laurel Hill Blvd / 45th St neighborhood is English, spoken by 31.7% of households. Other important languages spoken here include Spanish, Langs. of India and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Laurel Hill Blvd / 45th St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (38.0%). There are also a number of people of Puerto Rican ancestry (11.9%), and residents who report South American roots (11.1%), and some of the residents are also of Dominican ancestry (5.9%), along with some Polish ancestry residents (5.6%), among others. In addition, 42.4% 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 Laurel Hill Blvd / 45th St neighborhood spend between 30 and 45 minutes commuting one-way to work (38.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (39.7%) take the train to get to work. In addition, quite a number also ride the bus to get to work (17.7%) and 13.7% of residents also drive alone in a private automobile 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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