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Real Estate Prices & Overview

42nd Ave / 108th St median real estate price is $843,257, which is more expensive than 70.0% of the neighborhoods in New York and 88.6% of the neighborhoods in the U.S.

The average rental price in 42nd Ave / 108th St is currently $2,689, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.3% of New York neighborhoods.

42nd Ave / 108th St is a densely urban neighborhood (based on population density) located in Queens, New York.

42nd Ave / 108th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the 42nd Ave / 108th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In 42nd Ave / 108th St, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.9% of all neighborhoods in the U.S. This means that the housing supply in 42nd Ave / 108th St 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.

Modes of Transportation

In the 42nd Ave / 108th St neighborhood, 58.6% 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 99.8% of the neighborhoods in America.

Also, in the 42nd Ave / 108th St neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 14.2% of residents here. This is a higher proportion of walking commuters than we found in 96.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

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 42nd Ave / 108th St 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, 65.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.6% of America's neighborhoods.

In addition, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 80,900 people per square mile, it is more densely populated than 99.4% of America's neighborhoods.

Furthermore, renter-occupied real estate is dominant in the 42nd Ave / 108th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.6%, which is higher than 95.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Occupations

NeighborhoodScout's exclusive research identifies the 42nd Ave / 108th St neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 53.9% of its working residents employed in such fields, which is a higher proportion than 99.5% of American neighborhoods.

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 42nd Ave / 108th St neighborhood has a highly unusual pattern of car ownership. 59.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.

Diversity

Did you know that the 42nd Ave / 108th St neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 37.2% of this neighborhood's residents have South American ancestry and 4.3% have Dominican ancestry.

42nd Ave / 108th St is also pretty special linguistically. Significantly, 77.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.3% of all U.S. neighborhoods.

Migration / Stability

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 42nd Ave / 108th St neighborhood. What is interesting to note, is that the 42nd Ave / 108th St neighborhood has a greater percentage of residents born in another country (74.3%) 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 42nd Ave / 108th St 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 94.4% of U.S. neighborhoods. In addition, 4.9% 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 65.0% 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 42nd Ave / 108th St neighborhood, 53.9% of the working population is employed in manufacturing and laborer 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 33.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.7%), and 3.2% in executive, management, and professional 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 42nd Ave / 108th St neighborhood is Spanish, spoken by 77.7% of households. Other important languages spoken here include English and Chinese.

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 42nd Ave / 108th St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as South American (37.2%). There are also a number of people of Mexican ancestry (36.0%), and residents who report Asian roots (19.2%), and some of the residents are also of Dominican ancestry (4.3%). In addition, 74.3% 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 42nd Ave / 108th St neighborhood spend between 45 minutes and one hour commuting one-way to work (40.2% of working residents), longer and tougher than most commutes in America.

Here most residents (58.6%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (14.3%) and 14.2% of residents also hop out the door and walk to work 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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