Liberty Ave / 124th St median real estate price is $885,938, which is more expensive than 68.5% of the neighborhoods in New York and 87.8% of the neighborhoods in the U.S.
The average rental price in Liberty Ave / 124th St is currently $3,320, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.7% of New York neighborhoods.
Liberty Ave / 124th St is a densely urban neighborhood (based on population density) located in Queens, New York.
Liberty Ave / 124th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Liberty Ave / 124th St 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 Liberty Ave / 124th St, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 90.7% of all neighborhoods in the U.S. This means that the housing supply in Liberty Ave / 124th St is very tight compared to the demand for property here.
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.
Real Estate
The Liberty Ave / 124th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,859 persons per square mile in the neighborhood, it is more packed with people than 98.1% 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 Liberty Ave / 124th St neighborhood is one of the most walkable neighborhoods in America.
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 Liberty Ave / 124th St 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 36.5% of the real estate here is made up of such dwellings, which is higher than 96.4% 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 Liberty Ave / 124th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 66.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.8% of the neighborhoods in the United States.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 30.4% of the Liberty Ave / 124th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.2% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 97.5% of U.S. neighborhoods.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Liberty Ave / 124th St neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Liberty Ave / 124th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.0% of all neighborhoods in America.
People
With a nice mix of college students, safety from crime, and decent walkability, the Liberty Ave / 124th St neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.1% of the neighborhoods in NY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Liberty Ave / 124th St neighborhood. What is interesting to note, is that the Liberty Ave / 124th St neighborhood has a greater percentage of residents born in another country (65.4%) than are found in 99.6% of all U.S. neighborhoods.
Diversity
Did you know that the Liberty Ave / 124th St neighborhood has more Dominican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.4% of this neighborhood's residents have Dominican ancestry and 4.7% have Haitian ancestry.
Liberty Ave / 124th St is also pretty special linguistically. Significantly, 6.9% 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 98.4% of the neighborhoods in America.
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 Liberty Ave / 124th 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 78.4% of the neighborhoods in America. With 14.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.2% of U.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 Liberty Ave / 124th St neighborhood, 31.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.6%), and 19.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Liberty Ave / 124th St neighborhood is English, spoken by 65.6% of households. Other important languages spoken here include Spanish, Langs. of India and French.
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 Liberty Ave / 124th St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (20.9%). There are also a number of people of South American ancestry (7.5%), and residents who report Dominican roots (7.4%), and some of the residents are also of Haitian ancestry (4.7%), along with some Mexican ancestry residents (1.9%), among others. In addition, 65.4% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Liberty Ave / 124th St neighborhood spend between 45 minutes and one hour commuting one-way to work (52.5% of working residents), longer and tougher than most commutes in America.
Here most residents (32.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (30.4%) and 15.5% 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.
