Real Estate Prices and Overview
Race St / W Mcmicken Ave median real estate prices are $82,004, which is less expensive than 73.0% of Ohio neighborhoods
and 84.8% of all U.S. neighborhoods.
Average rental prices in Race St / W Mcmicken Ave are currently
$274, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 98.6% of Ohio neighborhoods.
Race St / W Mcmicken Ave is a densely urban neighborhood (based on population
density) located in Cincinnati, Ohio.
Race St / W Mcmicken 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 Race St / W Mcmicken 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 1940 and 1969.
Vacant apartments or homes are a major fact of life in
Race St / W Mcmicken Ave. The current real estate vacancy rate here is 68.5%.
This is higher than the rate of vacancies in 99.7% 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
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: Diversity
Did you know that the Race St / W Mcmicken Ave neighborhood has more
African and Sub-Saharan African ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 12.4% of
this neighborhood's residents have African ancestry and 12.4% have Sub-Saharan African ancestry.
Notable & Unique: People
One of the unique characteristics of the Race St / W Mcmicken Ave
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 98.6% of the neighborhoods
Also of note, 90.1% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
In addition, an extraordinary 11.8% of the residents of the
Race St / W Mcmicken Ave 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.
Also, with a nice mix of college students, safety from crime, and decent
walkability, the Race St / W Mcmicken Ave neighborhood rates highly
as a college student friendly place to live, and one that college
students and their parents may want to consider. NeighborhoodScout's
analysis shows that it rates more highly for a good place for college
students to live than 87% of the neighborhoods in
OH. This often also means that the area has certain amenities
and services geared towards college students, from undergraduates to
Notable & Unique: Real Estate
Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The Race St / W Mcmicken Ave neighborhood is among
the top 5% of American neighborhoods in terms of walkability.
In addition, renter-occupied real estate is dominant in the Race St / W Mcmicken Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 94.5%, which is higher than 98.1% 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. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 68.5% of the residential real estate vacant, the Race St / W Mcmicken Ave neighborhood claims the distinction of having a higher vacancy rate than 99.7% 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.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 83.7% of the residential real estate in the Race St / W Mcmicken Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Notable & Unique: Occupations
The Race St / W Mcmicken Ave neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
95.5% of the neighborhoods in American. In fact, 63.0%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
More residents of the Race St / W Mcmicken Ave neighborhood live here
today that also were living in this same neighborhood five years ago
than is found in 95.3% of U.S. neighborhoods. This neighborhood
is really made up of people who know each other, don't move often, and
have lived here in this very neighborhood for quite a while.
Notable & Unique: Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans
due to the shape of our neighborhoods and the distances between where we
live, work, shop, and go to school, but we also fancy them. As a result,
most households in America have one, two, or three cars. But NeighborhoodScout's
exclusive analysis shows that the Race St / W Mcmicken Ave neighborhood has
a highly unusual pattern of car ownership.
22.0% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
95.0% of U.S. neighborhoods.
The Neighbors: Income
There are two complimentary 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 Race St / W Mcmicken Ave neighborhood in Cincinnati are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 98.6% of U.S. neighborhoods.
With 90.1% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 99.7%
of U.S. neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Race St / W Mcmicken Ave neighborhood, 63.0%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
manufacturing and laborer occupations, with 15.6% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.7%), and 9.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The Neighbors: 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 Race St / W Mcmicken Ave neighborhood in Cincinnati, OH, residents
most commonly identify their ethnicity or ancestry as German
(12.8%). There are also a number of people of Sub-Saharan African ancestry (12.4%) , and residents who report African roots (12.4%) , and some of the residents are also of Italian ancestry (4.7%) , along with some Slovak ancestry residents (1.8%), among others.
The Neighbors: Languages
The most common language spoken in the Race St / W Mcmicken Ave
neighborhood is English, spoken by 98.7% of households.
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 Race St / W Mcmicken Ave neighborhood spend
between 15 and 30 minutes commuting one-way to work (49.8% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.9%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (9.5%) and 8.7% of residents also carpool with coworkers, friends, or neighbors 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.