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Real Estate Prices & Overview

Yerkes median real estate price is $738,851, which is more expensive than 88.0% of the neighborhoods in Pennsylvania and 77.4% of the neighborhoods in the U.S.

The average rental price in Yerkes is currently $3,736, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.9% of the neighborhoods in Pennsylvania.

Yerkes is a suburban neighborhood (based on population density) located in Collegeville, Pennsylvania.

Yerkes real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Yerkes neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Yerkes are 5.6%, which is lower than one will find in 62.3% of American neighborhoods. Demand for real estate in Yerkes is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Real Estate

If you love row houses and attached homes, you will probably really like the Yerkes neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 40.6% of the residential real estate here is classified as row houses and attached homes.

People

The Yerkes neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.2% of Pennsylvania neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state.

Diversity

Did you know that the Yerkes neighborhood has more Swiss and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Swiss ancestry and 20.1% have Italian ancestry.

Yerkes is also pretty special linguistically. Significantly, 3.6% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

The Neighbors

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 Yerkes neighborhood in Collegeville 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 89.7% of the neighborhoods in America. In addition, 4.7% 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 65.7% of America'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 Yerkes neighborhood, 53.1% 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 20.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.4%), and 11.6% 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 Yerkes neighborhood is English, spoken by 84.4% of households. Other important languages spoken here include Spanish 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 Yerkes neighborhood in Collegeville, PA, residents most commonly identify their ethnicity or ancestry as Italian (20.1%). There are also a number of people of Irish ancestry (13.3%), and residents who report Asian roots (13.1%), and some of the residents are also of German ancestry (11.8%), along with some English ancestry residents (11.4%), among others. In addition, 16.9% 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 Yerkes neighborhood spend between 15 and 30 minutes commuting one-way to work (33.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (64.6%) 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 (13.1%) . 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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