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 Springfield Blvd / Kingsbury Ave neighborhood has more
Russian and Asian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 7.8% of
this neighborhood's residents have Russian ancestry and 33.9% have Asian ancestry.
Springfield Blvd / Kingsbury Ave is also pretty special linguistically. Significantly, 22.6% 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 99.4% of the neighborhoods in America.
Notable & Unique: People
For many reasons, Springfield Blvd / Kingsbury Ave is rated by NeighborhoodScout
as one of the top 1.3% 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 and highly educated executives.
Notable & Unique: 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
Springfield Blvd / Kingsbury Ave neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
8.8% 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 96.1%
of all neighborhoods in America.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 13.3% of the
Springfield Blvd / Kingsbury Ave neighborhood's commuters ride the train to and from work each
day, which is more than we found in 95.1% of America's
Notable & Unique: Real Estate
In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Springfield Blvd / Kingsbury Ave neighborhood, is that an incredible 91.0% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Furthermore, 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 Springfield Blvd / Kingsbury 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 57.3% of the real estate here is made up of such dwellings, which is higher than 98.7% of all U.S. neighborhoods.
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 Springfield Blvd / Kingsbury Ave 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.