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.
Notable & Unique: Diversity
Did you know that the Jewel Ave / 108th St neighborhood has more
Romanian and Russian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.2% of
this neighborhood's residents have Romanian ancestry and 9.7% have Russian ancestry.
Jewel Ave / 108th St is also pretty special linguistically. Significantly, 3.7% of its residents five years old and above primarily
speak Hebrew at home. While this may seem like a small percentage, it is higher
than 99.6% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Jewel Ave / 108th St neighborhood, 72.8% 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 99.8% of the
neighborhoods in America.
Notable & Unique: People
For many reasons, Jewel Ave / 108th St is rated by NeighborhoodScout
as one of the top 0.4% of ideal neighborhoods for first-time
home buyers in the state of New York. Homes here are priced below
median housing values in the state, yet the neighborhood has a track
record according to NeighborhoodScout's exclusive neighborhood home
appreciation rates of above average real estate appreciation over the
last five years compared to other NY neighborhoods, protecting
your investment in your first home, while simultaneously making it
less risky for your lender. Not only does this neighborhood stand out
for combining price and home value stability or increases, it also is
a neighborhood with a high quality resident population according exclusive
data, meaning this is likely a good place to buy, live, and enjoy. While
many first time home buyers focus purely on low cost and convenient location,
which can risk your investment in your first home and put you in a less
than desirable neighborhood, this neighborhood is a true standout for
a lot of reasons, and definitely worth a look if you are a first time home buyer.
In addition to being an excellent choice for first-time home buyers, this
neighborhood is also a very good choice for urban sophisticates, active retirees and highly educated executives.
In addition, one of the most interesting things about the Jewel Ave / 108th St
neighborhood is that it has a greater concentration of residents who live
alone than most all neighborhoods in America. With 52.4% of the
households here made up of people living alone, NeighborhoodScout's research
reveals that this is a larger proportion of people living alone than in
97.8% of the neighborhoods in America.
Also, some neighborhoods have residents that are more educated than others. But
in this neighborhood there is a dramatic difference. NeighborhoodScout's
exclusive analysis reveals that 34.8% of the adults here have
earned a Masters degree, medical degree, Ph.D. or law degree. This is a
higher rate of people with a graduate degree than is found in
96.8% of U.S. neighborhoods, where the average American
neighborhood has 8.4% of its adults with a graduate degree. If you are
highly educated, you may have much in common with many of your neighbors here.
Notable & Unique: Real Estate
The Jewel Ave / 108th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,804 persons per square mile in the neighborhood, it is more packed with people than 98.9% of the nation's neighborhoods.
In addition, the real estate in the Jewel Ave / 108th St 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, 94.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.2% of American neighborhoods.
Furthermore, the Jewel Ave / 108th St 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 91.7% 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.
Also of note, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 1.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Jewel Ave / 108th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Notable & Unique: 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 Jewel Ave / 108th St neighborhood has
a highly unusual pattern of car ownership.
39.4% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
97.9% of U.S. neighborhoods.