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Real Estate Prices & Overview

Richmond Hill Northeast median real estate price is $1,158,058, which is more expensive than 83.1% of the neighborhoods in New York and 94.5% of the neighborhoods in the U.S.

The average rental price in Richmond Hill Northeast is currently $2,953, 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

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.

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. 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 Richmond Hill Northeast neighborhood is one of the most walkable neighborhoods in America.

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, more people ride the bus in this neighborhood each day to get to work than 95.0% of U.S. neighborhoods.

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

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 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

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 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

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 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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