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Real Estate Prices & Overview

Booth Memorial Ave / 138th St median real estate price is $1,070,145, which is more expensive than 82.6% of the neighborhoods in New York and 94.5% of the neighborhoods in the U.S.

The average rental price in Booth Memorial Ave / 138th St is currently $3,522, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.3% of the neighborhoods in New York.

Booth Memorial Ave / 138th St is a densely urban neighborhood (based on population density) located in Queens, New York.

Booth Memorial Ave / 138th St 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 occupied by a mixture of owners and renters. Many of the residences in the Booth Memorial Ave / 138th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Home and apartment vacancy rates are 7.1% in Booth Memorial Ave / 138th St. NeighborhoodScout analysis shows that this rate is lower than 54.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Booth Memorial Ave / 138th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Booth Memorial Ave / 138th 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, 61.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.2% of America's neighborhoods.

In addition, the Booth Memorial Ave / 138th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,920 persons per square mile in the neighborhood, it is more packed with people than 97.5% 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 Booth Memorial Ave / 138th St neighborhood is one of the most walkable neighborhoods in America.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.8% of U.S. neighborhoods.

Also, in the Booth Memorial Ave / 138th St neighborhood, 14.7% 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 96.1% of the neighborhoods in America.

People

Of note, 57.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

In addition, the Booth Memorial Ave / 138th St neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.2% of college-friendly places to live in NY.

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 Booth Memorial Ave / 138th St neighborhood has a highly unusual pattern of car ownership. 20.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.3% of 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 Booth Memorial Ave / 138th St neighborhood. What is interesting to note, is that the Booth Memorial Ave / 138th St neighborhood has a greater percentage of residents born in another country (68.9%) than are found in 99.7% of all U.S. neighborhoods.

Diversity

Did you know that the Booth Memorial Ave / 138th St neighborhood has more Asian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 65.3% of this neighborhood's residents have Asian ancestry and 13.7% have South American ancestry.

Booth Memorial Ave / 138th St is also pretty special linguistically. Significantly, 57.3% 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.

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 Booth Memorial Ave / 138th St 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 79.1% of U.S. neighborhoods. With 57.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.1% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Booth Memorial Ave / 138th St neighborhood, 37.4% 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 manufacturing and laborer occupations, with 28.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.4%), and 15.8% 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 Booth Memorial Ave / 138th St neighborhood is Chinese, spoken by 57.3% of households. Other important languages spoken here include Spanish and English.

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 Booth Memorial Ave / 138th St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (65.3%). There are also a number of people of South American ancestry (13.7%), and residents who report German roots (1.2%). In addition, 68.9% 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 Booth Memorial Ave / 138th St neighborhood spend between 45 minutes and one hour commuting one-way to work (46.5% of working residents), longer and tougher than most commutes in America.

Here most residents (32.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.3%) and 17.2% of residents also carpool with coworkers, friends, or neighbors 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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