167th St / 73rd Ave median real estate price is $1,158,741, which is more expensive than 80.3% of the neighborhoods in New York and 93.4% of the neighborhoods in the U.S.
The average rental price in 167th St / 73rd Ave is currently $4,982, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.3% of the neighborhoods in New York.
167th St / 73rd Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
167th St / 73rd Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the 167th St / 73rd Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in 167th St / 73rd Ave are 4.8%, which is lower than one will find in 65.6% of American neighborhoods. Demand for real estate in 167th St / 73rd 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.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Queens, the 167th St / 73rd Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 22.2% of the 167th St / 73rd Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.8% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 96.3% of U.S. neighborhoods.
If you like crowded places, then you will probably enjoy the the 167th St / 73rd Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.1% of neighborhoods in the U.S., with 20,782 people per square mile living here.
Did you know that the 167th St / 73rd Ave neighborhood has more Asian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 46.2% of this neighborhood's residents have Asian ancestry and 4.6% have Russian ancestry.
167th St / 73rd Ave is also pretty special linguistically. Significantly, 35.4% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
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 167th St / 73rd Ave neighborhood. More residents of the 167th St / 73rd Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.4% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the 167th St / 73rd Ave neighborhood has a greater percentage of residents born in another country (49.9%) than are found in 97.4% 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 167th St / 73rd 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 68.9% of the neighborhoods in America. In addition, 2.6% 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 72.0% 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 167th St / 73rd Ave neighborhood, 39.5% 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 28.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.0%), and 15.9% in clerical, assistant, and tech support occupations.
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 167th St / 73rd Ave neighborhood is English, spoken by 35.7% of households. Other important languages spoken here include Chinese, Spanish, Polish and African languages.
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 167th St / 73rd Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (46.2%). There are also a number of people of South American ancestry (6.3%), and residents who report Russian roots (4.6%), and some of the residents are also of Jamaican ancestry (3.8%), along with some Irish ancestry residents (3.5%), among others. In addition, 49.9% 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 167th St / 73rd Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (56.6% of working residents), longer and tougher than most commutes in America.
Here most residents (36.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (22.2%) and 11.7% 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.