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Real Estate Prices & Overview

Lexington Ave / E 110th St median real estate price is $828,310, which is more expensive than 61.1% of the neighborhoods in New York and 79.5% of the neighborhoods in the U.S.

The average rental price in Lexington Ave / E 110th St is currently $2,988, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.6% of New York neighborhoods.

Lexington Ave / E 110th St is a densely urban neighborhood (based on population density) located in New York, New York.

Lexington Ave / E 110th St 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 Lexington Ave / E 110th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Lexington Ave / E 110th St has a 15.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 New York, the Lexington Ave / E 110th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 Lexington Ave / E 110th St neighborhood have a highly unusual car ownership. 84.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 61.7% of the Lexington Ave / E 110th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.9% of America's neighborhoods.

Also, more people in Lexington Ave / E 110th St choose to walk to work each day (16.3%) 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.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 79,196 people per square mile, it is more densely populated than 99.3% of America's neighborhoods.

In addition, 95.3% of the real estate in the Lexington Ave / E 110th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, one of the really unique and interesting things about the look and setting of the Lexington Ave / E 110th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 85.0% 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 97.4% of all neighborhoods in America.

People

The Lexington Ave / E 110th St neighborhood stands out for having an average per capita income lower than 96.2% of the neighborhoods in the United States.

Diversity

Did you know that the Lexington Ave / E 110th St neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.2% of this neighborhood's residents have Puerto Rican ancestry and 6.3% have Dominican ancestry.

Lexington Ave / E 110th St is also pretty special linguistically. Significantly, 0.9% 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 97.1% 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 Lexington Ave / E 110th St neighborhood in New York are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.2% of U.S. neighborhoods. With 14.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 58.3% 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 Lexington Ave / E 110th St neighborhood, 38.1% 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 27.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.1%), and 14.1% 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 Lexington Ave / E 110th St neighborhood is English, spoken by 54.9% of households. Other important languages spoken here include Spanish and Chinese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lexington Ave / E 110th St neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (28.2%). There are also a number of people of Mexican ancestry (9.5%), and residents who report German roots (6.8%), and some of the residents are also of Dominican ancestry (6.3%), along with some Asian ancestry residents (4.7%), among others. In addition, 12.6% 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 Lexington Ave / E 110th St neighborhood spend between 30 and 45 minutes commuting one-way to work (52.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (61.7%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (16.3%) and 5.3% 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.


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