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Real Estate Prices & Overview

Richmond Hill Northeast median real estate price is $1,163,206, which is more expensive than 79.9% of the neighborhoods in New York and 93.2% of the neighborhoods in the U.S.

The average rental price in Richmond Hill Northeast is currently $3,104, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.9% of New York neighborhoods.

Richmond Hill Northeast is a densely urban neighborhood (based on population density) located in Queens, New York.

Richmond Hill Northeast real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Richmond Hill Northeast 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 1940 and 1969.

In Richmond Hill Northeast, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.7% of all neighborhoods in the U.S. This means that the housing supply in Richmond Hill Northeast is very tight compared to the demand for property here.

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 Richmond Hill Northeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Richmond Hill Northeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,740 persons per square mile in the neighborhood, it is more packed with people than 98.8% 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 Richmond Hill Northeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 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 Richmond Hill Northeast 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 51.0% of the real estate here is made up of such dwellings, which is higher than 98.5% of all U.S. neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 28.1% of the Richmond Hill Northeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.

Also, our research revealed that more commuters here take the bus to work (10.5% ride the bus) than 95.0% 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.

Occupations

NeighborhoodScout's exclusive research identifies the Richmond Hill Northeast neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 46.3% of its working residents employed in such fields, which is a higher proportion than 97.8% of American neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Richmond Hill Northeast neighborhood buck this trend. 34.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.6% of U.S. neighborhoods.

People

The Richmond Hill Northeast 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 5.8% of college-friendly places to live in NY.

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 Richmond Hill Northeast neighborhood. What is interesting to note, is that the Richmond Hill Northeast neighborhood has a greater percentage of residents born in another country (61.8%) than are found in 99.3% of all U.S. neighborhoods.

Diversity

Did you know that the Richmond Hill Northeast neighborhood has more South American and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.7% of this neighborhood's residents have South American ancestry and 36.0% have Asian ancestry.

Richmond Hill Northeast is also pretty special linguistically. Significantly, 13.1% 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 99.6% 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 Richmond Hill Northeast neighborhood in Queens are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.8% of U.S. neighborhoods. With 22.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.9% 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 Richmond Hill Northeast neighborhood, 46.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.3%), and 15.1% in executive, management, and professional 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 Richmond Hill Northeast neighborhood is Spanish, spoken by 38.1% of households. Other important languages spoken here include English, Langs. of India and Arabic.

Ethnicity / Ancestry

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 Richmond Hill Northeast neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (36.0%). There are also a number of people of South American ancestry (11.7%), and residents who report Dominican roots (3.8%), and some of the residents are also of Italian ancestry (3.4%), along with some German ancestry residents (3.3%), among others. In addition, 61.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Richmond Hill Northeast neighborhood spend between 45 minutes and one hour commuting one-way to work (33.2% of working residents), longer and tougher than most commutes in America.

Here most residents (51.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (28.1%) and 10.5% 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.


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