W 40th St / 9th Ave median real estate price is $2,014,133, which is more expensive than 95.6% of the neighborhoods in New York and 98.9% of the neighborhoods in the U.S.
The average rental price in W 40th St / 9th Ave is currently $6,261, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.6% of the neighborhoods in New York.
W 40th St / 9th Ave is a densely urban neighborhood (based on population density) located in New York, New York.
W 40th St / 9th 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 W 40th St / 9th Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in W 40th St / 9th Ave. The current real estate vacancy rate here is 26.0%. This is higher than the rate of vacancies in 92.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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.
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.
People
In a nation where 1 out of every 4 children lives in poverty, the W 40th St / 9th Ave neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, w 40th St / 9th Ave has the amazing distinction of housing more same sex couples living together than 98.9% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, a unique characteristic about the people in the W 40th St / 9th Ave neighborhood is that a majority of them are young, single professionals. In fact, there are more young, single professionals in this one community than 96.5% of neighborhoods in the U.S. Here you'll find an active nightlife nearby with lots of opportunities to flirt and find romance. In addition to being an excellent choice for young, single professionals, this neighborhood is also a very good choice for urban sophisticates.
Finally, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 73.5% of the adults living in the W 40th St / 9th Ave neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 95.5% of U.S. neighborhoods. In this way, this neighborhood truly stands out.
Car Ownership
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 40th St / 9th Ave neighborhood have a highly unusual car ownership. 95.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 100.0% of U.S. neighborhoods.
Modes of Transportation
In the W 40th St / 9th Ave neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 35.7% of residents here. This is a higher proportion of walking commuters than we found in 99.4% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, in the W 40th St / 9th Ave neighborhood, 31.0% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 98.2% of the neighborhoods in America.
Finally, 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 40th St / 9th Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Real Estate
The W 40th St / 9th 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 95.1% 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.
In addition, the W 40th St / 9th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 56,980 persons per square mile in the neighborhood, it is more packed with people than 98.7% of the nation's neighborhoods.
Furthermore, the real estate in the W 40th St / 9th Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 93.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.6% of American neighborhoods.
Also of note, renter-occupied real estate is dominant in the W 40th St / 9th Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.3%, which is higher than 96.6% 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.
Finally, homes built from 2000 through today make up a higher proportion of the W 40th St / 9th Ave neighborhood's real estate landscape than 95.9% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 70.7% of the residential real estate here is classified as newer.
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 W 40th St / 9th Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the W 40th St / 9th Ave neighborhood has a greater percentage of residents born in another country (51.3%) than are found in 97.9% of all U.S. neighborhoods.
Diversity
Did you know that the W 40th St / 9th Ave neighborhood has more Belgian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Belgian ancestry and 0.6% have Yugoslav ancestry.
W 40th St / 9th Ave is also pretty special linguistically. Significantly, 2.3% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.2% of the neighborhoods in America.
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 W 40th St / 9th Ave neighborhood in New York are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.0% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
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 W 40th St / 9th Ave neighborhood, 66.0% 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 26.2% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (9.3%), and 4.7% 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 W 40th St / 9th Ave neighborhood is English, spoken by 51.9% of households. Other important languages spoken here include Spanish, Chinese, Korean and Langs. of India.
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 W 40th St / 9th Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Asian (27.3%). There are also a number of people of Italian ancestry (7.9%), and residents who report South American roots (6.5%), and some of the residents are also of German ancestry (5.7%), along with some Puerto Rican ancestry residents (4.7%), among others. In addition, 51.3% of the residents of this neighborhood were born in another country.
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 W 40th St / 9th Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (53.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (35.7%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (31.0%) . This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
