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Real Estate Prices & Overview

East Madison median real estate price is $183,798, which is less expensive than 88.5% of Florida neighborhoods and 79.8% of all U.S. neighborhoods.

The average rental price in East Madison is currently $1,753, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.0% of Florida neighborhoods.

East Madison is a suburban neighborhood (based on population density) located in New Port Richey, Florida.

East Madison real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the East Madison neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

East Madison has a 14.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.5% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (9.6%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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.

People

The East Madison neighborhood has a greater percentage of children living in poverty (65.9%) than found in 97.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

In addition, divorcees may find friendship and understanding in this neighborhood, as 19.6% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 95.0% of the neighborhoods in America.

Real Estate

The real estate in this neighborhood consists of more mobile homes than 97.3% of all neighborhoods in America, with 38.0% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.

Diversity

Did you know that the East Madison neighborhood has more Portuguese and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Portuguese ancestry and 0.6% have Armenian ancestry.

East Madison is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.7% 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 East Madison neighborhood in New Port Richey are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.0% of U.S. neighborhoods. With 65.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the East Madison neighborhood, 30.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 29.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.0%), and 18.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the East Madison neighborhood is English, spoken by 87.6% of households. Some people also speak Spanish (8.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the East Madison neighborhood in New Port Richey, FL, residents most commonly identify their ethnicity or ancestry as Irish (13.4%). There are also a number of people of German ancestry (10.2%), and residents who report English roots (10.2%), and some of the residents are also of Italian ancestry (7.8%), along with some Puerto Rican ancestry residents (3.4%), among others.

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 East Madison neighborhood spend under 15 minutes commuting one-way to work (40.6% of working residents), one of the shortest commutes across America.

Here most residents (77.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.4%) . 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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