Real estate prices on Staten Island have surged over the past decade, with some neighborhoods experiencing over 100% increases in median home prices. A report indicates that interest in areas like Staten Island has grown due to hybrid and remote work trends. Clifton, Richmondtown, Mariners Harbor, Park Hill, and Midland Beach have all seen dramatic price hikes as young professionals seek affordable housing options. The report highlights evolving demographic shifts, including an increase in residents with bachelor's degrees as these neighborhoods gain attention.
The rise of hybrid and remote work has increased interest in previously overlooked areas, including Staten Island waterfronts and transit-poor zones.
In Mariners Harbor, the persistence of industrial zoning and lack of residential conversions have kept speculative development mostly away.
The share of residents with bachelor's degrees has grown from 11% to 18% over the past decade.
Limited transit access has further slowed change, but interest is rising from first-time buyers and young professionals.
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