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Real Estate Prices & Overview

Wayne Junction median real estate price is $159,295, which is less expensive than 78.1% of Pennsylvania neighborhoods and 84.1% of all U.S. neighborhoods.

The average rental price in Wayne Junction is currently $1,275, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.2% of Pennsylvania neighborhoods.

Wayne Junction is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Wayne Junction real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes 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 Wayne Junction 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.

Wayne Junction has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.3% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Philadelphia, the Wayne Junction neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (34.4% ride the bus) than 99.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

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 Wayne Junction neighborhood could be your paradise. With 70.8% 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 0.4% 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, 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 Wayne Junction neighborhood is one of the most walkable neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Wayne Junction neighborhood buck this trend. 36.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.8% of U.S. neighborhoods.

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 Wayne Junction 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 94.6% of U.S. neighborhoods. With 43.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.1% 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 Wayne Junction neighborhood, 48.7% 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 28.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.9%), and 10.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Wayne Junction neighborhood is English, spoken by 96.7% of households. Some people also speak Spanish (2.8%).

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 Wayne Junction neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (3.7%). There are also a number of people of German ancestry (1.1%).

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 Wayne Junction neighborhood spend between 45 minutes and one hour commuting one-way to work (46.0% of working residents), longer and tougher than most commutes in America.

Here most residents (44.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (34.4%) and 8.5% of residents also carpool with coworkers, friends, or neighbors 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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