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 New York,
the Madison Ave / E 64th St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
Think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Madison Ave / E 64th St neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.9% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for active retirees and highly educated executives.
In addition, if you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 0.9% of America's neighborhoods are wealthier than the
Madison Ave / E 64th St neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
Madison Ave / E 64th St also has one of the lowest ratings of child
poverty in the nation.
Also, the rate of college educated adults in the Madison Ave / E 64th St neighborhood
is a unique characteristic of the neighborhood. 77.7% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
98.4% of all U.S. neighborhoods.
Finally, 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: 52.9%. This
is a higher percent living alone than we found in 98.0% 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.
Notable & Unique: Diversity
Did you know that the Madison Ave / E 64th St neighborhood has more
Russian and Romanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 13.8% of
this neighborhood's residents have Russian ancestry and 2.9% have Romanian ancestry.
Madison Ave / E 64th St is also pretty special linguistically. Significantly, 6.6% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 99.6% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
More people in Madison Ave / E 64th St choose to walk to work each day
(46.2%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
Also, a unique way of commuting is simply not to. And in the Madison Ave / E 64th St
neighborhood, analysis shows that 18.6% of the residents work
from home, avoiding a commute altogether. This may not seem like a large number,
but it is a higher proportion of people working from home than is found in
99.2% of the neighborhoods in the United States.
One thing NeighborhoodScout's research reveals is that the wealthier and/or
more isolated the neighborhood, the greater the proportion of residents who
choose to work from home.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the Madison Ave / E 64th St neighborhood buck
59.9% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
99.1% of U.S. neighborhoods.
Notable & Unique: Real Estate
The Madison Ave / E 64th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 54,511 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation's neighborhoods. 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 Madison Ave / E 64th St neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the Madison Ave / E 64th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 94.7% 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.
Furthermore, despite all of the residential real estate here in the Madison Ave / E 64th St neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 37.7%, which is higher than 96.8% of all U.S. neighborhoods.
Notable & Unique: Occupations
The Madison Ave / E 64th St neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.6% of the neighborhoods in American. In fact, 72.3%
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.