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Real Estate Prices & Overview

67th Ave / 168th St median real estate price is $1,653,756, which is more expensive than 86.0% of the neighborhoods in New York and 95.5% of the neighborhoods in the U.S.

The average rental price in 67th Ave / 168th St is currently $3,472, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.2% of the neighborhoods in New York.

67th Ave / 168th St is a densely urban neighborhood (based on population density) located in Queens, New York.

67th Ave / 168th St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 67th Ave / 168th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In 67th Ave / 168th St, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.4% of all neighborhoods in the U.S. This means that the housing supply in 67th Ave / 168th St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the 67th Ave / 168th St neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 50.9% of the real estate here is made up of such dwellings, which is higher than 98.5% of all U.S. neighborhoods.

Occupations

There are more people living in the 67th Ave / 168th St neighborhood employed as sales and service workers (61.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Modes of Transportation

In the 67th Ave / 168th St neighborhood, 9.8% 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 95.3% of the neighborhoods in America.

Diversity

Did you know that the 67th Ave / 168th St neighborhood has more Asian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 65.1% of this neighborhood's residents have Asian ancestry and 5.8% have Russian ancestry.

67th Ave / 168th St is also pretty special linguistically. Significantly, 49.4% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 99.9% 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 67th Ave / 168th St neighborhood has a greater percentage of residents born in another country (54.1%) than are found in 98.4% 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 67th Ave / 168th St 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 69.0% of the neighborhoods in America. In addition, 5.1% 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 63.7% 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 67th Ave / 168th St neighborhood, 38.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.8%), and 12.7% 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 67th Ave / 168th St neighborhood is Chinese, spoken by 49.4% of households. Other important languages spoken here include English, Langs. of India, Spanish and Tagalog (the first language of the Philippine region).

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 67th Ave / 168th St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (65.1%). There are also a number of people of Russian ancestry (5.8%), and residents who report South American roots (3.0%), and some of the residents are also of Greek ancestry (2.7%), along with some Hungarian ancestry residents (2.6%), among others. In addition, 54.1% 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 67th Ave / 168th St neighborhood spend between 30 and 45 minutes commuting one-way to work (28.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (58.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.3%) and 9.8% of residents also take the train 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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