55th Ave / 92nd St median real estate price is $1,344,028, which is more expensive than 85.6% of the neighborhoods in New York and 95.4% of the neighborhoods in the U.S.
The average rental price in 55th Ave / 92nd St is currently $3,680, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.7% of the neighborhoods in New York.
55th Ave / 92nd St is a densely urban neighborhood (based on population density) located in Queens, New York.
55th Ave / 92nd St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 55th Ave / 92nd St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in 55th Ave / 92nd St are 4.9%, which is lower than one will find in 67.2% of American neighborhoods. Demand for real estate in 55th Ave / 92nd St 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
In the 55th Ave / 92nd St neighborhood, 53.4% 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 99.6% of the neighborhoods in America.
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 55th Ave / 92nd St 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 64.6% of the real estate here is made up of such dwellings, which is higher than 99.5% of all U.S. neighborhoods.
In addition, the 55th Ave / 92nd St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 60,845 persons per square mile in the neighborhood, it is more packed with people than 98.9% 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 55th Ave / 92nd St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
American households most often have a car, and regularly they have two or three. But households in the 55th Ave / 92nd St neighborhood buck this trend. 55.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.0% of U.S. neighborhoods.
Did you know that the 55th Ave / 92nd St neighborhood has more Swiss and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.4% of this neighborhood's residents have Swiss ancestry and 55.3% have Asian ancestry.
55th Ave / 92nd St is also pretty special linguistically. Significantly, 26.2% 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 99.5% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the 55th Ave / 92nd St neighborhood has a greater percentage of residents born in another country (59.4%) than are found in 99.2% 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 55th Ave / 92nd St neighborhood in Queens are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.7% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.5% of U.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 55th Ave / 92nd St neighborhood, 32.0% 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 32.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 17.8% in manufacturing and laborer occupations.
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 55th Ave / 92nd St neighborhood is Spanish, spoken by 28.8% of households. Other important languages spoken here include Chinese, English and Tagalog (the first language of the Philippine region).
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 55th Ave / 92nd St neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (55.3%). There are also a number of people of Mexican ancestry (19.9%), and residents who report South American roots (11.1%), and some of the residents are also of Swiss ancestry (6.4%), along with some German ancestry residents (6.4%), among others. In addition, 59.4% 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 55th Ave / 92nd St neighborhood spend between 45 minutes and one hour commuting one-way to work (43.2% of working residents), longer and tougher than most commutes in America.
Here most residents (53.4%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (10.2%) and 10.2% of residents also drive alone in a private automobile 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.