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Real Estate Prices & Overview

108th St / Jewel Ave median real estate price is $639,423, which is more expensive than 53.3% of the neighborhoods in New York and 77.2% of the neighborhoods in the U.S.

The average rental price in 108th St / Jewel Ave is currently $3,957, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.3% of the neighborhoods in New York.

108th St / Jewel Ave is a densely urban neighborhood (based on population density) located in Queens, New York.

108th St / Jewel Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments 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 108th St / Jewel Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

108th St / Jewel Ave has a 10.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 62.9% 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.

Real Estate

The real estate in the 108th St / Jewel Ave 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, 95.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.

In addition, 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 64,065 people per square mile, it is more densely populated than 99.0% of America'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 108th St / Jewel Ave neighborhood is one of the most walkable neighborhoods in America.

Furthermore, the 108th St / Jewel Ave 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 90.6% 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.

Modes of Transportation

In the 108th St / Jewel Ave neighborhood, 39.2% 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 98.8% of the neighborhoods in America.

People

Think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the 108th St / Jewel Ave neighborhood: a neighborhood in which more "urban sophisticates" live than 97.7% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for active retirees.

In addition, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the 108th St / Jewel Ave neighborhood, where 36.5% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 95.7% of the neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the 108th St / Jewel Ave neighborhood buck this trend. 26.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.7% of U.S. neighborhoods.

Occupations

The 108th St / Jewel Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.5% of the neighborhoods in America. In fact, 72.0% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Diversity

Did you know that the 108th St / Jewel Ave neighborhood has more Romanian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Romanian ancestry and 6.6% have South American ancestry.

108th St / Jewel Ave is also pretty special linguistically. Significantly, 9.9% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 97.8% 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 108th St / Jewel 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 83.2% of the neighborhoods in America. In addition, 3.1% 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 71.0% of America'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 108th St / Jewel Ave neighborhood, 72.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 12.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (10.5%), and 4.7% in government jobs, whether they are in local, state, or federal positions.

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 108th St / Jewel Ave neighborhood is English, spoken by 50.4% of households. Other important languages spoken here include Spanish, Chinese, Langs. of India and Korean.

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 108th St / Jewel Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (25.1%). There are also a number of people of German ancestry (7.7%), and residents who report Irish roots (6.7%), and some of the residents are also of South American ancestry (6.6%), along with some Italian ancestry residents (5.9%), among others. In addition, 38.0% 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 108th St / Jewel Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (39.0% of working residents), longer and tougher than most commutes in America.

Here most residents (39.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (28.0%) and 7.5% 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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