116th St / 95th Ave median real estate price is $893,430, which is more expensive than 70.8% of the neighborhoods in New York and 88.9% of the neighborhoods in the U.S.
The average rental price in 116th St / 95th Ave is currently $3,542, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0% of the neighborhoods in New York.
116th St / 95th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
116th St / 95th Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings 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 116th St / 95th 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.
In 116th St / 95th Ave, the current vacancy rate is 2.7%, which is a lower rate of vacancies than 82.1% of all neighborhoods in the U.S. This means that the housing supply in 116th St / 95th Ave is very tight compared to the demand for property here.
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 116th St / 95th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 116th St / 95th 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 74.9% of the real estate here is made up of such dwellings, which is higher than 99.9% of all U.S. neighborhoods.
In addition, the 116th St / 95th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,741 persons per square mile in the neighborhood, it is more packed with people than 98.1% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The 116th St / 95th Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 81.3% of the residential real estate in the 116th St / 95th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 28.1% of the 116th St / 95th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 95.5% 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 116th St / 95th Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.3% 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 97.9% of all neighborhoods in America.
People
The 116th St / 95th Ave 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 6.2% of college-friendly places to live in NY.
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 116th St / 95th Ave neighborhood has a greater percentage of residents born in another country (51.9%) than are found in 98.1% of all U.S. neighborhoods.
Diversity
Did you know that the 116th St / 95th Ave neighborhood has more Asian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.8% of this neighborhood's residents have Asian ancestry and 3.1% have Cuban ancestry.
116th St / 95th Ave is also pretty special linguistically. Significantly, 35.7% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
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 116th St / 95th 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 71.7% of the neighborhoods in America. In addition, 6.1% 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 61.2% 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 116th St / 95th Ave neighborhood, 33.1% 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 27.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (25.4%), and 14.4% 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 116th St / 95th Ave neighborhood is English, spoken by 61.2% of households. Other important languages spoken here include Langs. of India, Spanish and Urdu (the national language of Pakistan).
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 116th St / 95th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (29.8%). There are also a number of people of Puerto Rican ancestry (8.0%), and residents who report Mexican roots (4.5%), and some of the residents are also of Sub-Saharan African ancestry (4.4%), along with some African ancestry residents (4.4%), among others. In addition, 51.9% of the residents of this neighborhood were born in another country.
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 116th St / 95th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (36.2% of working residents), longer and tougher than most commutes in America.
Here most residents (33.6%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (28.1%) and 16.9% 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.
