Downtown River Arts Neighborhood / Downtown Tampa median real estate price is $660,726, which is more expensive than 81.2% of the neighborhoods in Florida and 77.6% of the neighborhoods in the U.S.
The average rental price in Downtown River Arts Neighborhood / Downtown Tampa is currently $3,358, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.5% of the neighborhoods in Florida.
Downtown River Arts Neighborhood / Downtown Tampa is an urban neighborhood (based on population density) located in Tampa, Florida.
Downtown River Arts Neighborhood / Downtown Tampa real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Downtown River Arts Neighborhood / Downtown Tampa neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 6.9% in Downtown River Arts Neighborhood / Downtown Tampa. NeighborhoodScout analysis shows that this rate is lower than 52.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Tampa, the Downtown River Arts Neighborhood / Downtown Tampa neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The real estate in the Downtown River Arts Neighborhood / Downtown Tampa neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 99.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.8% of American neighborhoods.
In addition, the Downtown River Arts Neighborhood / Downtown Tampa neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 98.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Downtown River Arts Neighborhood / Downtown Tampa neighborhood. A whopping 81.9% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.4% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
Also of note, 87.3% of the real estate in the Downtown River Arts Neighborhood / Downtown Tampa neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 64.7%. This is a higher percent living alone than we found in 99.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
In addition, of note, 65.3% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
Also, neighborhoodScout's analysis shows that the Downtown River Arts Neighborhood / Downtown Tampa neighborhood has a greater concentration of residents currently enrolled in college than 97.0% of the neighborhoods in the U.S. With 14.3% of the population here attending college, this is very much a college-focused neighborhood.
In the Downtown River Arts Neighborhood / Downtown Tampa neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 12.2% of residents here. This is a higher proportion of walking commuters than we found in 96.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Downtown River Arts Neighborhood / Downtown Tampa neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Downtown River Arts Neighborhood / Downtown Tampa neighborhood has more Lithuanian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Lithuanian ancestry and 1.6% have Austrian ancestry.
Downtown River Arts Neighborhood / Downtown Tampa is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.3% of the neighborhoods in America.
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 Downtown River Arts Neighborhood / Downtown Tampa neighborhood in Tampa are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.3% of the neighborhoods in America. With 65.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.9% 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 Downtown River Arts Neighborhood / Downtown Tampa neighborhood, 52.6% 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 29.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.1%), and 8.3% 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 Downtown River Arts Neighborhood / Downtown Tampa neighborhood is English, spoken by 73.5% of households. Other important languages spoken here include Spanish and French.
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 Downtown River Arts Neighborhood / Downtown Tampa neighborhood in Tampa, FL, residents most commonly identify their ethnicity or ancestry as German (13.2%). There are also a number of people of Italian ancestry (12.4%), and residents who report Irish roots (9.0%), and some of the residents are also of Cuban ancestry (7.0%), along with some South American ancestry residents (4.9%), among others. In addition, 17.7% 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 Downtown River Arts Neighborhood / Downtown Tampa neighborhood spend under 15 minutes commuting one-way to work (43.1% of working residents), one of the shortest commutes across America.
Here most residents (51.2%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.2%) and 5.6% 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.
