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Real Estate Prices & Overview

Cypress Hills St / Myrtle Ave median real estate price is $878,522, which is more expensive than 71.9% of the neighborhoods in New York and 89.6% of the neighborhoods in the U.S.

The average rental price in Cypress Hills St / Myrtle Ave is currently $3,166, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.5% of New York neighborhoods.

Cypress Hills St / Myrtle Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

Cypress Hills St / Myrtle Ave 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 Cypress Hills St / Myrtle Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Cypress Hills St / Myrtle Ave are 4.7%, which is lower than one will find in 68.5% of American neighborhoods. Demand for real estate in Cypress Hills St / Myrtle Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Cypress Hills St / Myrtle Ave 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 68.7% of the real estate here is made up of such dwellings, which is higher than 99.7% of all U.S. neighborhoods.

In addition, the Cypress Hills St / Myrtle Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 55,839 persons per square mile in the neighborhood, it is more packed with people than 98.7% 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 Cypress Hills St / Myrtle Ave neighborhood is one of the most walkable neighborhoods in America.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Cypress Hills St / Myrtle Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 60.3% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.6% of the neighborhoods in the United States.

Modes of Transportation

In the Cypress Hills St / Myrtle Ave neighborhood, 36.2% 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 98.6% of the neighborhoods in America.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Cypress Hills St / Myrtle Ave neighborhood is a fantastic option for bicycle commuters, as 3.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.9% of the neighborhoods in America.

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 Cypress Hills St / Myrtle Ave neighborhood has a highly unusual pattern of car ownership. 30.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.3% of U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Cypress Hills St / Myrtle Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.4% of the neighborhoods in NY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Cypress Hills St / Myrtle Ave neighborhood has more South American and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 22.1% of this neighborhood's residents have South American ancestry and 18.3% have Polish ancestry.

Cypress Hills St / Myrtle Ave is also pretty special linguistically. Significantly, 9.5% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 97.9% of the neighborhoods in America.

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 Cypress Hills St / Myrtle Ave 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 62.9% of the neighborhoods in America. With 12.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.9% of U.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 Cypress Hills St / Myrtle Ave neighborhood, 36.4% 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 29.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (26.7%), and 7.2% 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 Cypress Hills St / Myrtle Ave neighborhood is Spanish, spoken by 34.2% of households. Other important languages spoken here include English, Polish, Italian and Arabic.

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 Cypress Hills St / Myrtle Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as South American (22.1%). There are also a number of people of Polish ancestry (18.3%), and residents who report Puerto Rican roots (15.9%), and some of the residents are also of Italian ancestry (9.2%), along with some German ancestry residents (4.5%), among others. In addition, 37.9% 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 Cypress Hills St / Myrtle Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (52.9% of working residents), longer and tougher than most commutes in America.

Here most residents (36.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (33.1%) and 12.3% 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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