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Real Estate Prices & Overview

Elmwood median real estate price is $129,023, which is less expensive than 87.2% of Pennsylvania neighborhoods and 90.3% of all U.S. neighborhoods.

The average rental price in Elmwood is currently $2,104, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.6% of the neighborhoods in Pennsylvania.

Elmwood is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Elmwood real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes 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 Elmwood neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.8% in Elmwood. NeighborhoodScout analysis shows that this rate is lower than 54.6% 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.

Real Estate

If you love row houses and attached homes, you will probably really like the Elmwood neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 83.1% of the residential real estate here is classified as row houses and attached homes.

In addition, if you like crowded places, then you will probably enjoy the the Elmwood neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,859 people per square mile living here. 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 Elmwood neighborhood is one of the most walkable neighborhoods in America.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.3% of U.S. neighborhoods.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 15.8% of the Elmwood neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.6% of America's neighborhoods.

Diversity

Did you know that the Elmwood neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.8% of this neighborhood's residents have Sub-Saharan African ancestry and 14.3% have African ancestry.

Elmwood is also pretty special linguistically. Significantly, 9.5% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

The Neighbors

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 Elmwood neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.2% of U.S. neighborhoods. With 13.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 57.2% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Elmwood neighborhood, 27.5% 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 26.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.4%), and 21.2% in clerical, assistant, and tech support 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 Elmwood neighborhood is English, spoken by 84.3% of households. Other important languages spoken here include African languages, French and Vietnamese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Elmwood neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (26.8%). There are also a number of people of African ancestry (14.3%), and residents who report Asian roots (6.8%), and some of the residents are also of Haitian ancestry (2.6%). In addition, 20.7% 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 Elmwood neighborhood spend between 30 and 45 minutes commuting one-way to work (44.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (53.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.3%) and 15.8% of residents also take the train 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.


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