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Real Estate Prices & Overview

Near NW Riverside Southwest median real estate price is $206,339, which is more expensive than 36.9% of the neighborhoods in Indiana and 23.1% of the neighborhoods in the U.S.

The average rental price in Near NW Riverside Southwest is currently $1,959, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.0% of the neighborhoods in Indiana.

Near NW Riverside Southwest is a suburban neighborhood (based on population density) located in Indianapolis, Indiana.

Near NW Riverside Southwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes 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 Near NW Riverside Southwest 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 2000 and the present.

Vacant apartments or homes are a major fact of life in Near NW Riverside Southwest. The current real estate vacancy rate here is 23.7%. This is higher than the rate of vacancies in 90.7% 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

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 Indianapolis, the Near NW Riverside Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

NeighborhoodScout's analysis shows that the Near NW Riverside Southwest neighborhood has a greater concentration of residents currently enrolled in college than 97.1% of the neighborhoods in the U.S. With 15.6% of the population here attending college, this is very much a college-focused neighborhood.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (11.2% ride the bus) than 95.5% 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.

Diversity

Did you know that the Near NW Riverside Southwest neighborhood has more Finnish and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Finnish ancestry and 1.5% have Lithuanian ancestry.

Near NW Riverside Southwest is also pretty special linguistically. Significantly, 4.1% 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 96.4% 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 Near NW Riverside Southwest neighborhood in Indianapolis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.7% of U.S. neighborhoods. With 26.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.7% 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 Near NW Riverside Southwest neighborhood, 32.1% 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 25.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.3%), and 18.3% 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 Near NW Riverside Southwest neighborhood is English, spoken by 85.7% of households. Other important languages spoken here include Spanish, Langs. of India and Polish.

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 Near NW Riverside Southwest neighborhood in Indianapolis, IN, residents most commonly identify their ethnicity or ancestry as Mexican (7.0%). There are also a number of people of German ancestry (5.9%), and residents who report Irish roots (5.7%), and some of the residents are also of English ancestry (4.7%), along with some Sub-Saharan African ancestry residents (4.3%), among others.

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 Near NW Riverside Southwest neighborhood spend under 15 minutes commuting one-way to work (46.0% of working residents), one of the shortest commutes across America.

Here most residents (75.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (11.2%) . 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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