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Real Estate Prices & Overview

Bowne St / Laburnum Ave median real estate price is $1,123,682, which is more expensive than 79.0% of the neighborhoods in New York and 92.8% of the neighborhoods in the U.S.

The average rental price in Bowne St / Laburnum Ave is currently $1,673, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.4% of New York neighborhoods.

Bowne St / Laburnum Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

Bowne St / Laburnum Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Bowne St / Laburnum 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 Bowne St / Laburnum Ave are 4.8%, which is lower than one will find in 67.8% of American neighborhoods. Demand for real estate in Bowne St / Laburnum 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

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.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (31.2% ride the bus) than 99.7% 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.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 16.4% of the Bowne St / Laburnum Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.7% of America's neighborhoods.

Real Estate

The Bowne St / Laburnum Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,265 persons per square mile in the neighborhood, it is more packed with people than 97.9% 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 Bowne St / Laburnum Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 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 Bowne St / Laburnum Ave 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, 31.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.1% of America's neighborhoods.

People

One of the unique characteristics of the Bowne St / Laburnum Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.5% 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 Bowne St / Laburnum Ave neighborhood buck this trend. 27.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.8% of U.S. neighborhoods.

Diversity

Did you know that the Bowne St / Laburnum Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 84.3% of this neighborhood's residents have Asian ancestry.

Bowne St / Laburnum Ave is also pretty special linguistically. Significantly, 52.3% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 99.9% of all U.S. neighborhoods.

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 Bowne St / Laburnum Ave neighborhood has a greater percentage of residents born in another country (75.4%) than are found in 99.9% 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 Bowne St / Laburnum Ave neighborhood in Queens are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.5% of U.S. neighborhoods. With 22.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Bowne St / Laburnum Ave neighborhood, 30.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.6%), and 18.9% in manufacturing and laborer 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 Bowne St / Laburnum Ave neighborhood is Chinese, spoken by 52.3% of households. Other important languages spoken here include English, Spanish, Langs. of India and Korean.

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 Bowne St / Laburnum Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (84.3%). There are also a number of people of Dominican ancestry (2.1%), and residents who report South American roots (1.1%), and some of the residents are also of Italian ancestry (1.1%). In addition, 75.4% 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 Bowne St / Laburnum Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (38.0% 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 ride the bus to get to work (31.2%) and 16.4% of residents also take the train 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.


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