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Real Estate Prices & Overview

North Valley median real estate price is $119,039, which is less expensive than 95.8% of New York neighborhoods and 92.0% of all U.S. neighborhoods.

The average rental price in North Valley is currently $1,213, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 93.7% of New York neighborhoods.

North Valley is an urban neighborhood (based on population density) located in Syracuse, New York.

North Valley real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the North Valley 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 North Valley. The current real estate vacancy rate here is 23.2%. This is higher than the rate of vacancies in 90.3% 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.

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 Syracuse, the North Valley neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.9% of U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the North Valley neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.4% of all American neighborhoods.

People

One of the unique characteristics of the North Valley neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.0% 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 North Valley neighborhood in Syracuse are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.0% of U.S. neighborhoods. With 39.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.6% 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 North Valley neighborhood, 41.8% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.1%), and 10.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the North Valley neighborhood is English, spoken by 89.5% of households. Some people also speak Spanish (5.8%).

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 North Valley neighborhood in Syracuse, NY, residents most commonly identify their ethnicity or ancestry as Italian (4.8%). There are also a number of people of Sub-Saharan African ancestry (4.8%), and residents who report English roots (4.2%), and some of the residents are also of Puerto Rican ancestry (4.0%), along with some Irish ancestry residents (3.7%), among others.

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 North Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (40.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (18.5%) and 17.1% of residents also ride the bus for their daily commute. 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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