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Real Estate Prices & Overview

Purdue University Southwest median real estate price is $365,138, which is more expensive than 87.6% of the neighborhoods in Indiana and 53.4% of the neighborhoods in the U.S.

The average rental price in Purdue University Southwest is currently $1,443, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.1% of Indiana neighborhoods.

Purdue University Southwest is an urban neighborhood (based on population density) located in West Lafayette, Indiana.

Purdue University Southwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Purdue University Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Purdue University Southwest. The current real estate vacancy rate here is 51.3%. This is higher than the rate of vacancies in 98.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

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 West Lafayette, the Purdue University Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Purdue University Southwest neighborhood stands out for having an average per capita income lower than 99.2% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Purdue University Southwest neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the really interesting characteristics about the Purdue University Southwest neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 0.1% of college-friendly places to live in the state of Indiana.

Also, an extraordinary 80.7% of the residents of the Purdue University Southwest neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Modes of Transportation

More people in Purdue University Southwest choose to walk to work each day (41.6%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Purdue University Southwest neighborhood is a fantastic option for bicycle commuters, as 4.7% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.9% of the neighborhoods in America.

Finally, our research revealed that more commuters here take the bus to work (13.6% ride the bus) than 96.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

100.0% of the real estate in the Purdue University Southwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 51.3% of the residential real estate vacant, the Purdue University Southwest neighborhood claims the distinction of having a higher vacancy rate than 98.8% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, the Purdue University Southwest neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 89.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, one of the really unique and interesting things about the look and setting of the Purdue University Southwest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 77.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.2% of all neighborhoods in America.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Purdue University Southwest neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.3% of all American neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Purdue University Southwest neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 60.1% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Purdue University Southwest neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Purdue University Southwest neighborhood has more Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.1% of this neighborhood's residents have Lithuanian ancestry.

Purdue University Southwest is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Purdue University Southwest neighborhood in West Lafayette are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.2% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America'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 Purdue University Southwest neighborhood, 41.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 38.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.5%), and 6.3% in manufacturing and laborer 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 Purdue University Southwest neighborhood is English, spoken by 69.3% of households. Other important languages spoken here include Chinese, Spanish, Langs. of India and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Purdue University Southwest neighborhood in West Lafayette, IN, residents most commonly identify their ethnicity or ancestry as German (24.4%). There are also a number of people of Asian ancestry (22.5%), and residents who report Irish roots (13.0%), and some of the residents are also of Italian ancestry (8.2%), along with some English ancestry residents (4.6%), among others. In addition, 21.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Purdue University Southwest neighborhood spend under 15 minutes commuting one-way to work (60.1% of working residents), one of the shortest commutes across America.

Here most residents (41.6%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (20.1%) and 13.6% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.


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