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Real Estate Prices & Overview

Horace Harding Expy / 62nd Ave median real estate price is $679,947, which is more expensive than 55.6% of the neighborhoods in New York and 80.9% of the neighborhoods in the U.S.

The average rental price in Horace Harding Expy / 62nd Ave is currently $2,655, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.2% of New York neighborhoods.

Horace Harding Expy / 62nd Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

Horace Harding Expy / 62nd Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Horace Harding Expy / 62nd Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Horace Harding Expy / 62nd Ave, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 81.4% of all neighborhoods in the U.S. This means that the housing supply in Horace Harding Expy / 62nd Ave is very tight compared to the demand for property here.

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 Horace Harding Expy / 62nd Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Horace Harding Expy / 62nd Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 54,312 persons per square mile in the neighborhood, it is more packed with people than 98.6% of the nation's neighborhoods.

In addition, the real estate in the Horace Harding Expy / 62nd Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 86.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.7% of American neighborhoods.

Furthermore, the Horace Harding Expy / 62nd Ave neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 87.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 31.8% of the Horace Harding Expy / 62nd Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.3% of America's neighborhoods.

Also, our research revealed that more commuters here take the bus to work (17.4% ride the bus) than 98.0% 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.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Horace Harding Expy / 62nd Ave neighborhood have a highly unusual car ownership. 39.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.1% of U.S. neighborhoods.

Diversity

Did you know that the Horace Harding Expy / 62nd Ave neighborhood has more Russian and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.6% of this neighborhood's residents have Russian ancestry and 4.0% have Croatian ancestry.

Horace Harding Expy / 62nd Ave is also pretty special linguistically. Significantly, 28.1% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

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 Horace Harding Expy / 62nd Ave neighborhood has a greater percentage of residents born in another country (58.2%) than are found in 99.0% 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 Horace Harding Expy / 62nd Ave neighborhood in Queens are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.1% of U.S. neighborhoods. In addition, 8.0% 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 55.9% 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 Horace Harding Expy / 62nd Ave neighborhood, 28.5% 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 24.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.5%), and 23.2% in manufacturing and laborer 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 Horace Harding Expy / 62nd Ave neighborhood is English, spoken by 28.8% of households. Other important languages spoken here include Russian, Spanish, Tagalog (the first language of the Philippine region) and Chinese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Horace Harding Expy / 62nd Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (19.1%). There are also a number of people of Russian ancestry (17.6%), and residents who report South American roots (8.8%), and some of the residents are also of Puerto Rican ancestry (4.6%), along with some Dominican ancestry residents (4.2%), among others. In addition, 58.2% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Horace Harding Expy / 62nd Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (38.1% of working residents), longer and tougher than most commutes in America.

Here most residents (32.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (31.8%) and 17.4% 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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