47th St / Greenpoint Ave median real estate price is $809,645, which is more expensive than 62.7% of the neighborhoods in New York and 85.0% of the neighborhoods in the U.S.
The average rental price in 47th St / Greenpoint Ave is currently $3,592, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.2% of the neighborhoods in New York.
47th St / Greenpoint Ave is a densely urban neighborhood (based on population density) located in Queens, New York.
47th St / Greenpoint Ave 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 47th St / Greenpoint 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 1970 and 1999.
Home and apartment vacancy rates are 6.8% in 47th St / Greenpoint Ave. NeighborhoodScout analysis shows that this rate is lower than 54.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 61.1% of the 47th St / Greenpoint Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.9% of America's neighborhoods.
Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 74,374 people per square mile, it is more densely populated than 99.2% of America'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 47th St / Greenpoint Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, renter-occupied real estate is dominant in the 47th St / Greenpoint Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 96.4%, which is higher than 98.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, the real estate in the 47th St / Greenpoint Ave 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, 78.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.5% of American neighborhoods.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the 47th St / Greenpoint Ave neighborhood has a highly unusual pattern of car ownership. 44.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the 47th St / Greenpoint Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.9% of all American neighborhoods.
People
The 47th St / Greenpoint 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 5.7% of college-friendly places to live in NY.
Diversity
Did you know that the 47th St / Greenpoint Ave neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.8% of this neighborhood's residents have South American ancestry and 5.2% have Dominican ancestry.
47th St / Greenpoint Ave is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 96.5% of the neighborhoods in America.
Migration / Stability
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 47th St / Greenpoint Ave neighborhood has a greater percentage of residents born in another country (61.0%) than are found in 99.3% of all U.S. neighborhoods.
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 47th St / Greenpoint Ave 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 50.1% of the neighborhoods in America. With 12.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 53.9% of U.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 47th St / Greenpoint Ave neighborhood, 40.7% 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 executive, management, and professional occupations, with 30.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.4%), and 8.2% in manufacturing and laborer 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 47th St / Greenpoint Ave neighborhood is Spanish, spoken by 48.6% of households. Other important languages spoken here include English, Tagalog (the first language of the Philippine region) and Langs. of India.
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 47th St / Greenpoint Ave neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as South American (23.8%). There are also a number of people of Asian ancestry (22.5%), and residents who report Mexican roots (19.8%), and some of the residents are also of English ancestry (6.3%), along with some German ancestry residents (5.4%), among others. In addition, 61.0% 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 47th St / Greenpoint Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (33.9% of working residents), longer and tougher than most commutes in America.
Here most residents (61.1%) 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 (8.4%) and 5.8% 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.
