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Real Estate Prices & Overview

193rd St / 48th Ave median real estate price is $1,030,940, which is more expensive than 78.4% of the neighborhoods in New York and 92.7% of the neighborhoods in the U.S.

The average rental price in 193rd St / 48th Ave is currently $4,264, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.8% of the neighborhoods in New York.

193rd St / 48th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

193rd St / 48th Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the 193rd St / 48th Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In 193rd St / 48th Ave, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 86.8% of all neighborhoods in the U.S. This means that the housing supply in 193rd St / 48th Ave is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

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 193rd St / 48th 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 193rd St / 48th Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.1% 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 97.8% of all neighborhoods in America.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 23.8% of the 193rd St / 48th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.6% of America's neighborhoods.

Also, our research revealed that more commuters here take the bus to work (13.4% ride the bus) than 96.7% 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.

People

One of the really interesting characteristics about the 193rd St / 48th Ave neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.8% of college-friendly places to live in the state of New York.

Diversity

Did you know that the 193rd St / 48th Ave neighborhood has more Greek and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.4% of this neighborhood's residents have Greek ancestry and 50.7% have Asian ancestry.

193rd St / 48th Ave is also pretty special linguistically. Significantly, 41.5% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 99.8% of all U.S. neighborhoods.

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 193rd St / 48th Ave neighborhood has a greater percentage of residents born in another country (49.8%) than are found in 97.6% of all U.S. neighborhoods.

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 193rd St / 48th 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 61.6% of the neighborhoods in America. In addition, 1.4% 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 77.2% 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 193rd St / 48th Ave neighborhood, 46.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.4%), and 10.1% 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 193rd St / 48th Ave neighborhood is Chinese, spoken by 41.5% of households. Other important languages spoken here include English, Spanish, Korean and Greek.

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 193rd St / 48th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (50.7%). There are also a number of people of Irish ancestry (7.8%), and residents who report German roots (6.9%), and some of the residents are also of Greek ancestry (6.4%), along with some Puerto Rican ancestry residents (4.4%), among others. In addition, 49.8% 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 193rd St / 48th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (47.8% of working residents), longer and tougher than most commutes in America.

Here most residents (45.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (23.8%) and 13.4% 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.


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