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Real Estate Prices & Overview

Steinway median real estate price is $1,701,851, which is more expensive than 91.6% of the neighborhoods in New York and 97.5% of the neighborhoods in the U.S.

The average rental price in Steinway is currently $4,056, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.4% of the neighborhoods in New York.

Steinway is a densely urban neighborhood (based on population density) located in Queens, New York.

Steinway real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Steinway 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.

Steinway has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

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 Steinway neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Steinway neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Steinway community truly stands out from the rest in this regard.

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 Steinway 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, 62.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.4% of America's neighborhoods.

In addition, the Steinway neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,888 persons per square mile in the neighborhood, it is more packed with people than 98.0% 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 Steinway neighborhood is one of the most walkable neighborhoods in America.

Modes of Transportation

In the Steinway neighborhood, 44.0% 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 99.1% of the neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Steinway neighborhood has a highly unusual pattern of car ownership. 28.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.0% of U.S. neighborhoods.

Diversity

Did you know that the Steinway neighborhood has more Greek and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.3% of this neighborhood's residents have Greek ancestry and 6.4% have Eastern European ancestry.

Steinway is also pretty special linguistically. Significantly, 10.8% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

The Neighbors

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 Steinway 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 74.3% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Steinway neighborhood, 55.3% 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 22.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.9%), and 10.9% 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 Steinway neighborhood is English, spoken by 61.5% of households. Other important languages spoken here include Spanish, Greek, Langs. of India and Italian.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Steinway neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Italian (16.1%). There are also a number of people of Greek ancestry (10.3%), and residents who report Asian roots (8.0%), and some of the residents are also of Irish ancestry (7.4%), along with some Dominican ancestry residents (6.7%), among others. In addition, 28.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Steinway neighborhood spend between 45 minutes and one hour commuting one-way to work (51.3% of working residents), longer and tougher than most commutes in America.

Here most residents (44.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (29.0%) and 5.7% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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