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Real Estate Prices & Overview

Northeast median real estate price is $370,557, which is more expensive than 30.3% of the neighborhoods in Nevada and 50.6% of the neighborhoods in the U.S.

The average rental price in Northeast is currently $1,600, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.8% of Nevada neighborhoods.

Northeast is an urban neighborhood (based on population density) located in Reno, Nevada.

Northeast 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Northeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Northeast are 5.9%, which is lower than one will find in 60.6% of American neighborhoods. Demand for real estate in Northeast 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, 53.4% 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.

Diversity

Did you know that the Northeast neighborhood has more Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.8% of this neighborhood's residents have Swedish ancestry.

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 Northeast neighborhood in Reno are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.9% of U.S. neighborhoods. With 53.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.2% 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 Northeast neighborhood, 33.1% 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 24.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.1%), and 18.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Northeast neighborhood is English, spoken by 68.6% of households. Some people also speak Spanish (25.7%).

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 Northeast neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as Mexican (26.7%). There are also a number of people of German ancestry (10.3%), and residents who report Swedish roots (8.8%), and some of the residents are also of Irish ancestry (7.5%), along with some English ancestry residents (7.4%), among others. In addition, 17.7% 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 Northeast 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 (84.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.4%) and 5.5% 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.


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