123rd St / 107th Ave median real estate price is $778,892, which is more expensive than 59.8% of the neighborhoods in New York and 83.7% of the neighborhoods in the U.S.
The average rental price in 123rd St / 107th Ave is currently $3,680, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.7% of the neighborhoods in New York.
123rd St / 107th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
123rd St / 107th Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 123rd St / 107th 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 123rd St / 107th Ave are 4.8%, which is lower than one will find in 68.1% of American neighborhoods. Demand for real estate in 123rd St / 107th 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
The 123rd St / 107th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 43,284 persons per square mile in the neighborhood, it is more packed with people than 98.1% 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 123rd St / 107th 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 123rd St / 107th 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 33.3% of the real estate here is made up of such dwellings, which is higher than 95.6% 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 123rd St / 107th Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 58.6% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.1% of the neighborhoods in the United States.
Modes of Transportation
In the 123rd St / 107th Ave neighborhood, 26.2% 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 97.9% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 95.1% of U.S. neighborhoods.
People
The 123rd St / 107th 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 7.1% of college-friendly places to live in NY.
Diversity
Did you know that the 123rd St / 107th Ave neighborhood has more West Indian and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have West Indian ancestry and 7.8% have Dominican ancestry.
123rd St / 107th Ave is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 96.0% 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 123rd St / 107th Ave neighborhood has a greater percentage of residents born in another country (66.1%) than are found in 99.6% 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 123rd St / 107th 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 72.3% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.5% 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 123rd St / 107th Ave neighborhood, 34.5% of the working population is employed in manufacturing and laborer 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 24.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.8%), and 17.7% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the 123rd St / 107th Ave neighborhood is English, spoken by 75.0% of households. Some people also speak Spanish (14.1%).
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 123rd St / 107th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (29.0%). There are also a number of people of South American ancestry (7.9%), and residents who report Dominican roots (7.8%), and some of the residents are also of Puerto Rican ancestry (1.7%). In addition, 66.1% 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 123rd St / 107th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (47.4% of working residents), longer and tougher than most commutes in America.
Here most residents (47.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (26.2%) and 10.6% 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.
