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 Portland,
the NE 42nd Ave / NE Fremont 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 NE 42nd Ave / NE Fremont St neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.7% 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 highly educated executives, families with school-aged children and college students.
Notable & Unique: Modes of Transportation
Would you like to be able to ride your bike to work? If you are attracted
to the idea of getting a little exercise of the two-wheeled type while
reducing your carbon footprint, bicycling to work might be the answer.
But which neighborhood you live in can make this either impossible, or
alternatively, a great and realistic option. NeighborhoodScout's analysis
revealed that the NE 42nd Ave / NE Fremont St neighborhood is a fantastic
option for bicycle commuters, as 8.8% of commuters here do ride
their bikes to and from work on a daily basis. This is a higher amount
than we found in 99.2% of the neighborhoods in America.
Also, a unique way of commuting is simply not to. And in the NE 42nd Ave / NE Fremont St
neighborhood, analysis shows that 15.2% 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
98.4% 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: Diversity
Did you know that the NE 42nd Ave / NE Fremont St neighborhood has more
Greek and Scots-Irish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.7% of
this neighborhood's residents have Greek ancestry and 4.1% have Scots-Irish ancestry.
NE 42nd Ave / NE Fremont St is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily
speak Greek at home. While this may seem like a small percentage, it is higher
than 97.9% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.7% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the NE 42nd Ave / NE Fremont St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 84.5% of the residential real estate in the NE 42nd Ave / NE Fremont St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.