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Real Estate Prices & Overview

Wayne Northwest median real estate price is $823,365, which is more expensive than 97.5% of the neighborhoods in Pennsylvania and 88.8% of the neighborhoods in the U.S.

The average rental price in Wayne Northwest is currently $2,375, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.8% of the neighborhoods in Pennsylvania.

Wayne Northwest is a suburban neighborhood (based on population density) located in Wayne, Pennsylvania.

Wayne Northwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Wayne Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Wayne Northwest are 5.8%, which is lower than one will find in 62.6% of American neighborhoods. Demand for real estate in Wayne Northwest 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of note is NeighborhoodScout's research finding that the Wayne Northwest neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Wayne Northwest community truly stands out from the rest in this regard.

In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 79.0% of the adults living in the Wayne Northwest neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.6% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Also, a majority of the adults in the Wayne Northwest neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Pennsylvania by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 96.5% of the neighborhoods in Pennsylvania. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates.

Modes of Transportation

In the Wayne Northwest neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 25.5% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Occupations

The Wayne Northwest neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.0% of the neighborhoods in America. In fact, 68.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Diversity

Did you know that the Wayne Northwest neighborhood has more Greek and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Greek ancestry and 2.0% have Swiss ancestry.

Wayne Northwest is also pretty special linguistically. Significantly, 6.9% 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 98.4% of the neighborhoods in America.

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 Northwest neighborhood in Wayne 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 91.6% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Wayne Northwest neighborhood, 68.3% 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 15.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.6%), and 6.6% 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 Wayne Northwest neighborhood is English, spoken by 80.3% of households. Other important languages spoken here include Langs. of India and Spanish.

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 Wayne Northwest neighborhood in Wayne, PA, residents most commonly identify their ethnicity or ancestry as Irish (23.8%). There are also a number of people of Asian ancestry (15.2%), and residents who report Italian roots (15.1%), and some of the residents are also of German ancestry (14.7%), along with some English ancestry residents (12.1%), among others. In addition, 19.4% of the residents of this neighborhood were born in another country.

Getting to Work

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 Wayne Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (54.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (7.3%) and 5.4% 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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