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Real Estate Prices & Overview

Rego Park Northwest median real estate price is $870,213, which is more expensive than 66.9% of the neighborhoods in New York and 87.0% of the neighborhoods in the U.S.

The average rental price in Rego Park Northwest is currently $3,940, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.4% of the neighborhoods in New York.

Rego Park Northwest is a densely urban neighborhood (based on population density) located in Queens, New York.

Rego Park Northwest 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Rego Park Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Rego Park Northwest are 3.4%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Rego Park Northwest 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 Rego Park Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Rego Park Northwest neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, single parenting is hard. But you don't have to tell the Rego Park Northwest neighborhood about it; they already know. 17.4% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.1% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Modes of Transportation

In the Rego Park Northwest neighborhood, 46.8% 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 99.2% of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 96.9% of U.S. neighborhoods.

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 Rego Park Northwest neighborhood have a highly unusual car ownership. 45.5% 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.

Real Estate

The Rego Park Northwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,751 persons per square mile in the neighborhood, it is more packed with people than 98.1% 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 Rego Park Northwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Rego Park Northwest neighborhood has a greater percentage of residents born in another country (61.9%) than are found in 99.4% of all U.S. neighborhoods.

Diversity

Did you know that the Rego Park Northwest neighborhood has more South American and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.7% of this neighborhood's residents have South American ancestry and 2.8% have Armenian ancestry.

Rego Park Northwest is also pretty special linguistically. Significantly, 12.0% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

The Neighbors

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 Rego Park Northwest 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 45.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Rego Park Northwest neighborhood, 47.4% 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 23.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.6%), and 6.2% 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 Rego Park Northwest neighborhood is Spanish, spoken by 23.5% of households. Other important languages spoken here include English, Langs. of India, Chinese and Tagalog (the first language of the Philippine region).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Rego Park Northwest neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (42.8%). There are also a number of people of South American ancestry (19.7%), and residents who report Irish roots (3.7%), and some of the residents are also of Jamaican ancestry (3.0%), along with some Armenian ancestry residents (2.8%), among others. In addition, 61.9% of the residents of this neighborhood were born in another country.

Getting to Work

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 Rego Park Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (46.4% of working residents), longer and tougher than most commutes in America.

Here most residents (46.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (19.7%) and 14.0% of residents also ride the bus 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.


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