116th St / 95th Ave median real estate price is $1,016,984, which is more expensive than 71.7% of the neighborhoods in New York and 89.7% of the neighborhoods in the U.S.
The average rental price in 116th St / 95th Ave is currently $3,783, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0% of the neighborhoods in New York.
116th St / 95th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
116th St / 95th Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 116th St / 95th 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 116th St / 95th Ave, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.1% of all neighborhoods in the U.S. This means that the housing supply in 116th St / 95th Ave is very tight compared to the demand for property here.
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
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 116th St / 95th 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, 74.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.9% of America's neighborhoods.
In addition, the 116th St / 95th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,741 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 116th St / 95th Ave neighborhood is one of the most walkable neighborhoods in America.
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 81.3% of the residential real estate in the 116th St / 95th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.7% 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 28.1% of the 116th St / 95th 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, more people ride the bus in this neighborhood each day to get to work than 95.5% 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 116th St / 95th Ave 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 116th St / 95th Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.3% 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 97.9% of all neighborhoods in America.
People
With a nice mix of college students, safety from crime, and decent walkability, the 116th St / 95th Ave 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 86.7% 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
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 116th St / 95th Ave neighborhood has a greater percentage of residents born in another country (51.9%) than are found in 98.1% of all U.S. neighborhoods.
Diversity
Did you know that the 116th St / 95th Ave neighborhood has more Asian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.8% of this neighborhood's residents have Asian ancestry and 3.1% have Cuban ancestry.
116th St / 95th Ave is also pretty special linguistically. Significantly, 35.7% 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 100.0% of the neighborhoods in America.
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 116th St / 95th 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 71.7% of the neighborhoods in America. In addition, 6.1% 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 61.2% of America'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 116th St / 95th Ave neighborhood, 33.1% 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 27.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.4%), and 14.4% 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 116th St / 95th Ave neighborhood is English, spoken by 61.2% of households. Other important languages spoken here include Langs. of India, Spanish and Urdu (the national language of Pakistan).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the 116th St / 95th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (29.8%). There are also a number of people of Puerto Rican ancestry (8.0%), and residents who report Mexican roots (4.5%), and some of the residents are also of Sub-Saharan African ancestry (4.4%), along with some African ancestry residents (4.4%), among others. In addition, 51.9% 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 116th St / 95th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (36.2% of working residents), longer and tougher than most commutes in America.
Here most residents (33.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (28.1%) and 16.9% of residents also carpool with coworkers, friends, or neighbors 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.
