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Real Estate Prices & Overview

Corona Northeast median real estate price is $841,408, which is more expensive than 69.9% of the neighborhoods in New York and 88.5% of the neighborhoods in the U.S.

The average rental price in Corona Northeast is currently $3,175, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.2% of New York neighborhoods.

Corona Northeast is a densely urban neighborhood (based on population density) located in Queens, New York.

Corona Northeast real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Corona Northeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Corona Northeast has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 64.1% of the Corona Northeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.9% of America's neighborhoods.

Real Estate

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 93,045 people per square mile, it is more densely populated than 99.6% of America's neighborhoods.

In addition, the Corona Northeast 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 94.0% 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.

Furthermore, one of the really unique and interesting things about the look and setting of the Corona Northeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 90.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.2% of all neighborhoods in America.

Also of note, renter-occupied real estate is dominant in the Corona Northeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 93.1%, which is higher than 97.6% 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Corona Northeast neighborhood buck this trend. 58.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Corona Northeast neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 15.5% 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 98.7% of all neighborhoods in America.

People

The Corona Northeast neighborhood is unique for having just 4.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 97.3% of America's neighborhoods.

Occupations

More people work in manufacturing and as laborers here in the Corona Northeast neighborhood than in 95.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Furthermore, the Corona Northeast neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.0% of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Diversity

Did you know that the Corona Northeast neighborhood has more South American and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 38.4% of this neighborhood's residents have South American ancestry and 8.4% have Arab ancestry.

Corona Northeast is also pretty special linguistically. Significantly, 4.2% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Corona Northeast neighborhood has a greater percentage of residents born in another country (56.2%) than are found in 98.8% 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 Corona Northeast 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 69.3% of U.S. neighborhoods. With 21.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.0% of U.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 Corona Northeast neighborhood, 42.7% 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 23.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.1%), and 15.5% 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 Corona Northeast neighborhood is Spanish, spoken by 62.8% of households. Other important languages spoken here include English, Chinese and Arabic.

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 Corona Northeast neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as South American (38.4%). There are also a number of people of Mexican ancestry (10.0%), and residents who report Asian roots (9.1%), and some of the residents are also of Arab ancestry (8.4%), along with some Dominican ancestry residents (6.6%), among others. In addition, 56.2% 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 Corona Northeast 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 (64.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (16.4%) and 9.4% of residents also carpool with coworkers, friends, or neighbors 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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