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Real Estate Prices & Overview

Ridgewood Southeast median real estate price is $867,194, which is more expensive than 65.0% of the neighborhoods in New York and 86.1% of the neighborhoods in the U.S.

The average rental price in Ridgewood Southeast is currently $3,985, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.2% of the neighborhoods in New York.

Ridgewood Southeast is a densely urban neighborhood (based on population density) located in Queens, New York.

Ridgewood Southeast 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 renter occupied. Many of the residences in the Ridgewood Southeast 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.

Real estate vacancies in Ridgewood Southeast are 5.7%, which is lower than one will find in 61.5% of American neighborhoods. Demand for real estate in Ridgewood Southeast 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 Ridgewood Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

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 Ridgewood Southeast 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 66.6% of the real estate here is made up of such dwellings, which is higher than 99.6% of all U.S. neighborhoods.

In addition, the Ridgewood Southeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,929 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 Ridgewood Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 63.1% of the residential real estate in the Ridgewood Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 41.2% of the Ridgewood Southeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's 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 Ridgewood Southeast neighborhood has a highly unusual pattern of car ownership. 41.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.2% of U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Ridgewood Southeast neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Ridgewood Southeast neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.8% of all neighborhoods in America.

Diversity

Did you know that the Ridgewood Southeast neighborhood has more Romanian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Romanian ancestry and 5.3% have Iranian ancestry.

Ridgewood Southeast is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

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 Ridgewood Southeast neighborhood. What is interesting to note, is that the Ridgewood Southeast neighborhood has a greater percentage of residents born in another country (44.3%) than are found in 95.9% of all U.S. neighborhoods.

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 Ridgewood Southeast neighborhood in Queens are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.9% of the neighborhoods in America. In addition, 9.0% 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 53.3% of America'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 Ridgewood Southeast neighborhood, 36.2% of the working population is employed in manufacturing and laborer 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 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.4%), and 17.0% 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 Ridgewood Southeast neighborhood is English, spoken by 38.8% of households. Other important languages spoken here include Spanish, Italian and Portuguese.

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 Ridgewood Southeast neighborhood in Queens, NY, residents most commonly identify their ethnicity or ancestry as Asian (12.9%). There are also a number of people of South American ancestry (11.9%), and residents who report Puerto Rican roots (8.9%), and some of the residents are also of Italian ancestry (8.7%), along with some Mexican ancestry residents (7.8%), among others. In addition, 44.3% 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 Ridgewood Southeast neighborhood spend between 45 minutes and one hour commuting one-way to work (36.0% of working residents), longer and tougher than most commutes in America.

Here most residents (41.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (32.4%) and 10.5% of residents also carpool with coworkers, friends, or neighbors 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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