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Real Estate Prices & Overview

Far Rockaway Southwest median real estate price is $689,303, which is more expensive than 56.2% of the neighborhoods in New York and 82.0% of the neighborhoods in the U.S.

The average rental price in Far Rockaway Southwest is currently $2,442, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.6% of New York neighborhoods.

Far Rockaway Southwest is a densely urban neighborhood (based on population density) located in Queens, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Far Rockaway Southwest 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Far Rockaway Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Far Rockaway Southwest are 3.3%, which is lower than one will find in 78.2% of American neighborhoods. Demand for real estate in Far Rockaway Southwest 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

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 Far Rockaway Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Far Rockaway Southwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,693 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation's neighborhoods. Far Rockaway Southwest is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Far Rockaway Southwest is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, 93.1% of the real estate in the Far Rockaway Southwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the real estate in the Far Rockaway Southwest 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, 73.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.6% of American neighborhoods.

Also of note, the Far Rockaway Southwest 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 82.5% 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.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Far Rockaway Southwest neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Far Rockaway Southwest neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 26.2% 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 99.9% of all neighborhoods in America.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Far Rockaway Southwest neighborhood have a highly unusual car ownership. 40.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.2% of U.S. neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (17.3% ride the bus) than 98.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, in the Far Rockaway Southwest neighborhood, 14.4% 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 96.3% of the neighborhoods in America.

Occupations

The Far Rockaway Southwest neighborhood has a greater proportion of government workers living in it than 95.2% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Diversity

Did you know that the Far Rockaway Southwest neighborhood has more Haitian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.3% of this neighborhood's residents have Haitian ancestry and 7.8% have Russian ancestry.

Far Rockaway Southwest is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

The Neighbors

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 Far Rockaway Southwest 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 83.8% of U.S. neighborhoods. In addition, 6.9% 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 58.8% of America'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 Far Rockaway Southwest neighborhood, 33.6% 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 31.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.8%), and 12.8% 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 Far Rockaway Southwest neighborhood is English, spoken by 58.8% of households. Other important languages spoken here include Spanish, French, Russian and African languages.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Far Rockaway Southwest neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Haitian (18.3%). There are also a number of people of Russian ancestry (7.8%), and residents who report Puerto Rican roots (7.6%), and some of the residents are also of Asian ancestry (3.4%), along with some South American ancestry residents (3.3%), among others. In addition, 32.9% 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 Far Rockaway Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (28.5% of working residents), longer and tougher than most commutes in America.

Here most residents (48.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.3%) and 14.4% of residents also take the train 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.


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