157th St / 107th Ave median real estate price is $756,240, which is more expensive than 55.4% of the neighborhoods in New York and 78.7% of the neighborhoods in the U.S.
The average rental price in 157th St / 107th Ave is currently $3,662, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.5% of the neighborhoods in New York.
157th St / 107th Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
157th St / 107th Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the 157th St / 107th Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
157th St / 107th Ave has a 15.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.4% 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.
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 157th St / 107th 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 157th St / 107th 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 54.2% of the real estate here is made up of such dwellings, which is higher than 98.8% of all U.S. neighborhoods.
In addition, the 157th St / 107th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,069 persons per square mile in the neighborhood, it is more packed with people than 97.9% of the nation'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 157th St / 107th Ave neighborhood is one of the most walkable neighborhoods in America.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.0% of the 157th St / 107th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.2% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (12.0% ride the bus) than 96.0% 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.
People
With a nice mix of college students, safety from crime, and decent walkability, the 157th St / 107th Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 88.4% of the neighborhoods in NY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Diversity
Did you know that the 157th St / 107th Ave neighborhood has more Jamaican and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.6% of this neighborhood's residents have Jamaican ancestry and 31.1% have Asian ancestry.
157th St / 107th Ave is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 96.7% of the neighborhoods in America.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the 157th St / 107th Ave neighborhood. More residents of the 157th St / 107th Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the 157th St / 107th Ave neighborhood has a greater percentage of residents born in another country (46.7%) than are found in 96.7% of all U.S. neighborhoods.
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 157th St / 107th 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 70.3% of the neighborhoods in America. In addition, 4.8% 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 65.3% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the 157th St / 107th Ave neighborhood, 36.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.3%), and 17.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 157th St / 107th Ave neighborhood is English, spoken by 58.0% of households. Other important languages spoken here include Spanish 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 157th St / 107th Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (31.1%). There are also a number of people of Jamaican ancestry (21.6%), and residents who report Sub-Saharan African roots (2.2%), and some of the residents are also of African ancestry (2.2%), along with some Dominican ancestry residents (1.7%), among others. In addition, 46.7% of the residents of this neighborhood were born in another country.
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 157th St / 107th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (37.0% of working residents), longer and tougher than most commutes in America.
Here most residents (49.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (20.0%) and 12.0% of residents also ride the bus 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.
