Located in the heart of Queens, Jackson Heights is a residential neighborhood that started out as a planned community. As it was built to be a suburb of Manhattan, the area has a family-friendly vibe to it, and houses for sale in Jackson Heights are always in high demand with families with kids. There are also plenty of affordable co-ops for sale in Jackson Heights.
The neighborhood is home to approximately 108,000 people from all different backgrounds, making it a real melting pot. Many homebuyers enjoy the incredible diversity that living here offers. Another perk is the fact that real estate is generally priced attractively, compared to other parts of Queens and NYC. Jackson Heights apartments for sale sell for an average of $460,000, which is up from about $325,000 in 2012. In terms of overall real estate inventory, there’s a bit of everything, with single-family houses and multi-family homes, as well as condos and co-ops. Most of the high-rise buildings in Jackson Heights are older co-ops, while many of the houses are from the early 1900s and feature stunning English Tudor architecture. Prices vary dramatically depending on the housing type, with Tudor homes being the most expensive properties you can buy, while many co-ops in the neighborhood can sell in the low to mid $200,000s.
Another major perk for homeowners is how well connected to the rest of the city the neighborhood is, with Manhattan being just a 30-40 minute subway ride away. Buying a home in Jackson Heights can also be considered a relatively safe and good investment as prices are likely to appreciate in the long-term.