Real Estate Prices and Overview
Pantigo median real estate prices are $792,480, which is more expensive than 95.5% of the neighborhoods
in New York and 98.0% of the
neighborhoods in the U.S.
Average rental prices in Pantigo are currently
$1,496, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.4%
of the neighborhoods in New York.
Pantigo is a suburban neighborhood (based on population
density) located in East Hampton, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Pantigo real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the Pantigo neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Pantigo. The current real estate vacancy rate here is 65.4%.
This is higher than the rate of vacancies in 99.6% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
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 East Hampton,
the Pantigo neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Pantigo is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition, despite all of the residential real estate here in the Pantigo neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 65.4%, which is higher than 99.6% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Pantigo neighborhood has more
South American and Yugoslav ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 24.0% of
this neighborhood's residents have South American ancestry and 2.3% have Yugoslav ancestry.
Notable & Unique: People
If you are planning to retire in New York, this neighborhood
should be on your must-see list. For many reasons, Pantigo
may be considered a retiree's dream neighborhood. According to NeighborhoodScout's
exclusive analysis and metrics, it's peaceful and quiet, has above
average safety from crime compared to other neighborhoods in New York,
while also offering a diverse range of housing options. This, along with
the vibrant mix of very educated seniors and other age groups who choose
to live here, makes the neighborhood more
retiree-friendly than 95.4% of neighborhoods in
NY. If a New York retirement is in your future, this neighborhood
should be one of the places you visit.
The Neighbors: Income
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 Pantigo neighborhood in East Hampton are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 61.8% of the neighborhoods in America.
In addition, 12.5% 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 56.7%
of America's neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Pantigo neighborhood, 37.8%
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 26.6% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(26.1%), and 9.0% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Pantigo neighborhood in East Hampton, NY, residents
most commonly identify their ethnicity or ancestry as South American
(24.0%). There are also a number of people of Italian ancestry (9.5%) , and residents who report Irish roots (7.0%) , and some of the residents are also of German ancestry (4.6%) , along with some English ancestry residents (4.5%), among others. In addition, 25.5% of the residents of this neighborhood were born in another country.
The Neighbors: Languages
The most common language spoken in the Pantigo
neighborhood is English, spoken by 64.8% of households. Some people also speak Spanish (30.7%).
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 Pantigo neighborhood spend
under 15 minutes commuting one-way to work (52.2% of working
residents), one of the shortest commutes across America.
Here most residents (83.7%) 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 (8.1%) and 5.3% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.