Passyunk Square East median real estate price is $409,508, which is more expensive than 73.5% of the neighborhoods in Pennsylvania and 55.2% of the neighborhoods in the U.S.
The average rental price in Passyunk Square East is currently $2,694, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.6% of the neighborhoods in Pennsylvania.
Passyunk Square East is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.
Passyunk Square East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Passyunk Square East neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.6% in Passyunk Square East. NeighborhoodScout analysis shows that this rate is lower than 49.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
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 Passyunk Square East neighborhood is a fantastic option for bicycle commuters, as 15.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.9% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 97.1% of U.S. neighborhoods.
Finally, more people in Passyunk Square East choose to walk to work each day (13.0%) 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.
The Passyunk Square East neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 50,696 persons per square mile in the neighborhood, it is more packed with people than 98.5% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Passyunk Square East neighborhood is one of the most walkable neighborhoods in America.
In addition, if you love row houses and attached homes, you will probably really like the Passyunk Square East 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, 72.6% of the residential real estate here is classified as row houses and attached homes.
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 70.3% of the residential real estate in the Passyunk Square East neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 Passyunk Square East neighborhood has a highly unusual pattern of car ownership. 29.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.1% of U.S. neighborhoods.
Did you know that the Passyunk Square East neighborhood has more Eastern European and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.6% of this neighborhood's residents have Eastern European ancestry and 23.6% have Italian ancestry.
Passyunk Square East is also pretty special linguistically. Significantly, 16.2% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.
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 Passyunk Square East neighborhood in Philadelphia are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.5% of the neighborhoods in America. With 16.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.6% 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 Passyunk Square East neighborhood, 47.3% 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 29.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.8%), and 8.2% in clerical, assistant, and tech support 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 Passyunk Square East neighborhood is English, spoken by 56.4% 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 Passyunk Square East neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Italian (23.6%). There are also a number of people of Asian ancestry (22.7%), and residents who report Mexican roots (22.4%), and some of the residents are also of German ancestry (11.3%), along with some Irish ancestry residents (11.3%), among others. In addition, 28.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Passyunk Square East neighborhood spend between 30 and 45 minutes commuting one-way to work (42.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (24.1%) drive alone in a private automobile to get to work. In addition, quite a number also bicycle to get to work (15.4%) and 13.8% 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.
