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Real Estate Prices & Overview

Plaza Area median real estate price is $326,152, which is more expensive than 69.4% of the neighborhoods in Missouri and 44.4% of the neighborhoods in the U.S.

The average rental price in Plaza Area is currently $1,888, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.5% of the neighborhoods in Missouri.

Plaza Area is a densely urban neighborhood (based on population density) located in Kansas City, Missouri.

Plaza Area 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Plaza Area neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Plaza Area. The current real estate vacancy rate here is 20.6%. This is higher than the rate of vacancies in 87.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (12.4%). This can occur in 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. If you live here year round, 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 Kansas City, the Plaza Area neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 63.5%. This is a higher percent living alone than we found in 99.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

In addition, neighborhoodScout's analysis shows that the Plaza Area neighborhood has a greater concentration of residents currently enrolled in college than 96.4% of the neighborhoods in the U.S. With 13.1% of the population here attending college, this is very much a college-focused neighborhood.

Also, the Plaza Area neighborhood has a greater percentage of children living in poverty (56.4%) than found in 96.0% 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.

Finally, one of the really interesting characteristics about the Plaza Area neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.2% of college-friendly places to live in the state of Missouri. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for young, single professionals.

Real Estate

One of the really unique and interesting things about the look and setting of the Plaza Area neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.2% 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 99.2% of all neighborhoods in America.

In addition, the Plaza Area 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 95.4% 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.

Furthermore, 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 Plaza Area neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Occupations

The Plaza Area neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.3% of the neighborhoods in America. In fact, 76.6% 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.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Plaza Area neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the Plaza Area neighborhood has more Arab and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have Arab ancestry and 6.2% have Swedish ancestry.

Plaza Area is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.

The Neighbors

There are two complementary 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 Plaza Area neighborhood in Kansas City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.0% of U.S. neighborhoods. With 56.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.0% of U.S. neighborhoods.

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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Plaza Area neighborhood, 76.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 14.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (7.0%), and 2.3% in manufacturing and laborer 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 Plaza Area neighborhood is English, spoken by 82.4% of households. Other important languages spoken here include Italian, Arabic, Polish and Chinese.

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 Plaza Area neighborhood in Kansas City, MO, residents most commonly identify their ethnicity or ancestry as German (22.9%). There are also a number of people of English ancestry (12.1%), and residents who report Irish roots (10.8%), and some of the residents are also of Asian ancestry (6.6%), along with some Swedish ancestry residents (6.2%), among others. In addition, 19.3% of the residents of this neighborhood were born in another country.

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 Plaza Area neighborhood spend under 15 minutes commuting one-way to work (43.0% of working residents), one of the shortest commutes across America.

Here most residents (79.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (8.6%) . 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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