Real Estate Prices and Overview
Broadway Ave / Pershing Ave median real estate prices are $37,584, which is less expensive than 98.1% of Ohio neighborhoods
and 99.2% of all U.S. neighborhoods.
Average rental prices in Broadway Ave / Pershing Ave are currently
$742, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 41.5% of Ohio neighborhoods.
Broadway Ave / Pershing Ave is an urban neighborhood (based on population
density) located in Cleveland, Ohio.
Broadway Ave / Pershing Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Broadway Ave / Pershing 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.
Vacant apartments or homes are a major fact of life in
Broadway Ave / Pershing Ave. The current real estate vacancy rate here is 42.7%.
This is higher than the rate of vacancies in 97.7% 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 Broadway Ave / Pershing Ave neighborhood has more
Puerto Rican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 9.8% of
this neighborhood's residents have Puerto Rican ancestry.
Notable & Unique: People
The Broadway Ave / Pershing Ave neighborhood stands out for having an
average per capita income lower than 95.4% of the neighborhoods
in the United States.
The Broadway Ave / Pershing Ave neighborhood also has a greater percentage
of children living in poverty (63.0%) than found in
96.3% 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, single parenting is hard. But you don't have to tell the
Broadway Ave / Pershing Ave neighborhood about it; they already know. 18.7%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 96.2%
of American neighborhoods. Further NeighborhoodScout research showed strong
statistical correlations among high rates of children living in single
parent households, and neighborhood crime, particularly violent crime,
neighborhood poverty, and, importantly, the percentage of low weight births
and rates of infant mortality.
Notable & Unique: Real Estate
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 42.7% of the residential real estate vacant, the Broadway Ave / Pershing Ave neighborhood claims the distinction of having a higher vacancy rate than 97.7% 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 88.1% of the residential real estate in the Broadway Ave / Pershing Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 Broadway Ave / Pershing Ave neighborhood in Cleveland are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 95.4% of U.S. neighborhoods.
With 63.0% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.3%
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 Broadway Ave / Pershing Ave neighborhood, 32.3%
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
manufacturing and laborer occupations, with 30.8% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(23.9%), and 13.0% in executive, management, and professional occupations.
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 Broadway Ave / Pershing Ave neighborhood in Cleveland, OH, residents
most commonly identify their ethnicity or ancestry as German
(18.8%). There are also a number of people of Puerto Rican ancestry (9.8%) , and residents who report Irish roots (6.4%) , and some of the residents are also of Italian ancestry (5.7%) , along with some Polish ancestry residents (2.0%), among others.
The Neighbors: Languages
The most common language spoken in the Broadway Ave / Pershing Ave
neighborhood is English, spoken by 86.0% of households. Some people also speak Spanish (13.9%).
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 Broadway Ave / Pershing Ave neighborhood spend
between 15 and 30 minutes commuting one-way to work (47.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (71.5%) 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 (17.3%) and 8.3% of residents also ride the bus 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.