Real Estate Prices and Overview
W 116th St / Manhattan Ave median real estate prices are $433,837, which is more expensive than 68.8% of the neighborhoods
in New York and 89.6% of the
neighborhoods in the U.S.
Average rental prices in W 116th St / Manhattan Ave are currently
$950, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 61.3% of New York neighborhoods.
W 116th St / Manhattan Ave is a densely urban neighborhood (based on population
density) located in New York, New York.
W 116th St / Manhattan Ave 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 small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the W 116th St / Manhattan Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.6% in
W 116th St / Manhattan Ave. NeighborhoodScout analysis shows that this rate is lower
than 59.8% of the neighborhoods in the nation, approximately
near the middle range for vacancies.
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.
Notable & Unique: Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 120,100 people per square mile, it is more densely populated than 99.9% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W 116th St / Manhattan Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the W 116th St / Manhattan Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.8% 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 98.9% of all neighborhoods in America.
Furthermore, renter-occupied real estate is dominant in the W 116th St / Manhattan Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.5%, which is higher than 95.5% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the W 116th St / Manhattan Ave 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 80.9% 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.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the W 116th St / Manhattan Ave neighborhood have a highly unusual car ownership.
72.7% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
99.7% of U.S. neighborhoods.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 63.3% of the
W 116th St / Manhattan Ave neighborhood's commuters ride the train to and from work each
day, which is more than we found in 99.5% of America's
Also, in the W 116th St / Manhattan Ave neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 12.8% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 97.0% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
Notable & Unique: Diversity
Did you know that the W 116th St / Manhattan Ave neighborhood has more
Dominican and Eastern European ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 11.3% of
this neighborhood's residents have Dominican ancestry and 2.6% have Eastern European ancestry.
W 116th St / Manhattan Ave is also pretty special linguistically. Significantly, 6.1% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 99.5% of the neighborhoods in America.
Notable & Unique: People
With more than 1.8% of residents living with a same sex partner,
W 116th St / Manhattan Ave is truly a neighborhood that stands out from the rest in
this regard. In fact, exclusive analysis by NeighborhoodScout reveals that
this neighborhood has a greater concentration of same sex couples than
96.2% of U.S. neighborhoods.
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 W 116th St / Manhattan Ave neighborhood in New York are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 64.7% of U.S. neighborhoods.
With 23.4% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 64.1%
of U.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 W 116th St / Manhattan Ave neighborhood, 45.5%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(20.1%), and 13.2% in manufacturing and laborer 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 W 116th St / Manhattan Ave neighborhood in New York, NY, residents
most commonly identify their ethnicity or ancestry as Dominican
(11.3%). There are also a number of people of Sub-Saharan African ancestry (8.1%) , and residents who report African roots (6.6%) , and some of the residents are also of Puerto Rican ancestry (5.1%) , along with some Asian ancestry residents (2.8%), among others. In addition, 30.7% of the residents of this neighborhood were born in another country.
The Neighbors: 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 W 116th St / Manhattan Ave
neighborhood is English, spoken by 67.8% of households. Other important languages spoken here include Spanish, French and German.
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 W 116th St / Manhattan Ave neighborhood spend
between 30 and 45 minutes commuting one-way to work (42.5% of working
residents), which is at or a bit above the average length of a commute across all U.S.
Here most residents (63.3%) take the train to get to work.
In addition, quite a number also ride the bus to get to work (15.1%) and 9.7% of residents also hop out the door and walk to work for their daily commute. This neighborhood is distinguished by the high number of residents who take
the train to work each day, which can be a very good way to get to work at
a lower cost and with less pollution.