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Real Estate Prices & Overview

S 60th St / Larchwood Ave median real estate price is $147,141, which is less expensive than 86.1% of Pennsylvania neighborhoods and 89.1% of all U.S. neighborhoods.

The average rental price in S 60th St / Larchwood Ave is currently $1,989, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.1% of Pennsylvania neighborhoods.

S 60th St / Larchwood Ave is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

S 60th St / Larchwood Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the S 60th St / Larchwood Ave 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 S 60th St / Larchwood Ave. The current real estate vacancy rate here is 18.4%. This is higher than the rate of vacancies in 85.4% 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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the S 60th St / Larchwood Ave neighborhood could be your paradise. With 80.4% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, the S 60th St / Larchwood Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 30,441 persons per square mile in the neighborhood, it is more packed with people than 97.0% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The S 60th St / Larchwood Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.6% of U.S. neighborhoods.

Also, in the S 60th St / Larchwood Ave neighborhood, 15.6% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.8% of the neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the S 60th St / Larchwood Ave neighborhood has a highly unusual pattern of car ownership. 38.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.9% of U.S. neighborhoods.

People

The S 60th St / Larchwood Ave neighborhood stands out for having an average per capita income lower than 97.5% of the neighborhoods in the United States.

Diversity

Did you know that the S 60th St / Larchwood Ave neighborhood has more Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.7% of this neighborhood's residents have Jamaican ancestry.

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 S 60th St / Larchwood Ave neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 97.5% of U.S. neighborhoods. With 34.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the S 60th St / Larchwood Ave neighborhood, 34.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.4%), and 12.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the S 60th St / Larchwood Ave neighborhood is English, spoken by 96.6% of households.

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 S 60th St / Larchwood Ave neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Jamaican (24.7%). There are also a number of people of Asian ancestry (4.1%), and residents who report Mexican roots (1.7%), and some of the residents are also of Russian ancestry (1.2%), along with some Polish ancestry residents (1.2%), 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 S 60th St / Larchwood Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (35.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (44.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (28.3%) and 15.6% of residents also take the train 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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