W 142nd St / 5th Ave median real estate price is $532,819, which is more expensive than 40.2% of the neighborhoods in New York and 68.5% of the neighborhoods in the U.S.
The average rental price in W 142nd St / 5th Ave is currently $2,859, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.1% of New York neighborhoods.
W 142nd St / 5th Ave is a densely urban neighborhood (based on population density) located in New York, New York.
W 142nd St / 5th 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the W 142nd St / 5th Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Real estate vacancies in W 142nd St / 5th Ave are 5.6%, which is lower than one will find in 61.4% of American neighborhoods. Demand for real estate in W 142nd St / 5th Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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.
One of the most interesting things about the W 142nd St / 5th Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 75.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.9% of the neighborhoods in America.
In addition, of note, 62.2% 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.
One of the really unique and interesting things about the look and setting of the W 142nd St / 5th Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 99.2% 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 99.8% of all neighborhoods in America.
In addition, the W 142nd St / 5th 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 99.2% 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, renter-occupied real estate is dominant in the W 142nd St / 5th Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% 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, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the W 142nd St / 5th Ave neighborhood, is that an incredible 84.5% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Finally, the W 142nd St / 5th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 58,744 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation's neighborhoods.
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 142nd St / 5th Ave neighborhood have a highly unusual car ownership. 77.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 42.4% of the W 142nd St / 5th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.1% of America's neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.8% of residents in the W 142nd St / 5th Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Did you know that the W 142nd St / 5th Ave neighborhood has more Jamaican and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.9% of this neighborhood's residents have Jamaican ancestry and 0.7% have Belgian ancestry.
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 W 142nd St / 5th 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 70.8% of U.S. neighborhoods. With 62.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% 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 W 142nd St / 5th Ave neighborhood, 52.4% 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 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.1%), and 9.1% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the W 142nd St / 5th Ave neighborhood is English, spoken by 90.8% of households. Some people also speak Spanish (5.6%).
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 W 142nd St / 5th Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (5.9%). There are also a number of people of Sub-Saharan African ancestry (5.8%), and residents who report Asian roots (3.7%), and some of the residents are also of English ancestry (3.4%), along with some Italian ancestry residents (2.2%), among others. In addition, 10.9% of the residents of this neighborhood were born in another country.
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 W 142nd St / 5th Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (45.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (42.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (14.1%) and 9.7% of residents also ride the bus 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.
