Whitestone Real Estate
Homes For Sale in Whitestone
Deciding on where to buy or rent a home in New York could be a challenging task. One of the most significant factors to consider is the security of your intended location.
If you are considering a community for yourself and your family in New York City, one of the locations that you can look into is Whitestone in Queens, NY.
Whitestone is located in the northernmost part of New York City and is situated inside Queens. Over 45,302 residents live in this location, and most of the residents are homeowners. Whitestone is one of the best places to live in New York primarily because it offers a mix of an urban and suburban atmosphere.
You will not have to worry excessively about your security if you live in Whitestone because the community has a low crime rate. Whitestone real estate also boasts a healthy economy and vast real estate. Most residents earn above the national average income, and the poverty rate is below the average in New York City.
Whitestone Crime Rates
Whitestone Neighbourhood has one of the lowest Crime Rates in NYC
Real Estate in Whitestone is significantly safer than other neighborhoods in the Queens borough. Flushing ranks as the ninth safest neighborhood for per capita crime, according to the Crime & Safety Report.
Like most other neighborhoods in New York, the crime rate was reduced in Whitestone by 80% from 1993 to 2010. The crime with the highest decrease was auto theft (93%), followed by robberies (83%) and burglaries (80%).
The overall crime rate continued to fall in 2010. This fall was led by a 24% drop in robberies, which made Whitestone the seventh safest area out of 69 neighborhoods in the city.
However, there was a 133% rise in murder from 2009 to 2010. The increase in murder rate did not just occur in Whitestone; it affected almost all the other neighborhoods, e.g., Flushing, Manhattan, etc. Murder has continued to rise for about a decade now in all the boroughs; for example, it rose from 3 incidents to 7 incidents in Flushing.
Regardless of the increase in the murder rate, Whitestone is still considered safe because the overall crime rate has decreased significantly.
Whitestone Median Household income
Median Household Income = $52,262
Money is a vital part of good living. A healthy lifestyle and suitable accommodation are directly proportional to having a good source of income. Fortunately, estimates show that ten in eleven Whitestone adults aged 16 and above are employed. This implies that if you live in Whitestone, you have a very high chance of getting a job.
The average income earned by an individual in Whitestone is 44% higher than the national average income. Also, the median household income is about 56% higher than the national average income.
The median household income of Whitestone in 2017 was $52,262, which was about 16% less than the citywide median household income.
Whitestone Median Real estate Price
Whitestone Average Home Prices
You might wonder – are the homes in Whitestone affordable?
Although the sales price for homes has been on the rise in Whitestone, it remains one of the most affordable neighborhoods in New York. A popular Economist, Grant Long, noted that because the sale prices are “heating up” in the borough and buyers should expect “an increasingly tight and competitive sales market.”
Just like he predicted, Whitestone sales prices climbed to record highs, rising 5% year after year. Currently, it is at an all-time high of $512,082.
Whitestone Homes for sale sold at $816,500 in July 2016. Before July 2016, a 14% rise had occurred within the same period in 2015. The median price for co-ops rose to $210,000 from $185,000.
Many of the attractions in Whitestone make up in some way for the price. These attractions include Fort Totten Park, which offers Whitestone residents access to outdoor activities. Also, convenient local access to multiple bridges and roads make a living in Whitestone a beautiful experience.
Whitestone Median Rent
Renting a Multi-family Home in Whitestone New York
What’s the latest trend on home rentals in Whitestone?
In 2017, the median gross rent in Whitestone increased from $1,440 to $1,510. Also, the median asking rent for apartments on the lease was $2,060 in Whitestone, compared to $2,800 citywide.
Rentals, mainly in multi-family houses, are currently about $1,400 a month for one-bedroom, $1,700 for two-bedroom homes, and $2,000 or above for three bedrooms.
Whitestone is a great place to live, regardless of the rise in rental and sale prices. A strong sense of community radiates throughout Whitestone. If you are looking for a safe place to buy or rent a home in NYC, you should choose Whitestone.