Lancaster / The College of Saint Rose median real estate price is $311,318, which is less expensive than 73.7% of New York neighborhoods and 60.0% of all U.S. neighborhoods.
The average rental price in Lancaster / The College of Saint Rose is currently $2,304, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.7% of New York neighborhoods.
Lancaster / The College of Saint Rose is an urban neighborhood (based on population density) located in Albany, New York.
Lancaster / The College of Saint Rose real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Lancaster / The College of Saint Rose 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.
Vacant apartments or homes are a major fact of life in Lancaster / The College of Saint Rose. The current real estate vacancy rate here is 15.5%. This is higher than the rate of vacancies in 81.1% 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.
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.
NeighborhoodScout's analysis shows that the Lancaster / The College of Saint Rose neighborhood has a greater concentration of residents currently enrolled in college than 99.3% of the neighborhoods in the U.S. With 51.6% of the population here attending college, this is very much a college-focused neighborhood.
In addition, one of the really interesting characteristics about the Lancaster / The College of Saint Rose neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.8% of college-friendly places to live in the state of New York.
Also, there is an especially high percentage of incarcerated people (2.3%) living in the Lancaster / The College of Saint Rose neighborhood.
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Lancaster / The College of Saint Rose neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 52.7% of the real estate here is made up of such dwellings, which is higher than 98.7% of all U.S. neighborhoods.
In addition, 85.2% of the real estate in the Lancaster / The College of Saint Rose neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.8% of the residential real estate in the Lancaster / The College of Saint Rose neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Our research revealed that more commuters here take the bus to work (9.9% ride the bus) than 95.2% 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.
Did you know that the Lancaster / The College of Saint Rose neighborhood has more Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.7% of this neighborhood's residents have Russian ancestry.
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 Lancaster / The College of Saint Rose neighborhood in Albany are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.2% of U.S. neighborhoods. With 16.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.0% 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 Lancaster / The College of Saint Rose neighborhood, 42.8% 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 31.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.7%), and 10.9% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Lancaster / The College of Saint Rose neighborhood is English, spoken by 83.5% of households. Some people also speak Spanish (4.2%).
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 Lancaster / The College of Saint Rose neighborhood in Albany, NY, residents most commonly identify their ethnicity or ancestry as Italian (14.9%). There are also a number of people of Irish ancestry (13.2%), and residents who report German roots (7.3%), and some of the residents are also of Asian ancestry (5.7%), along with some English ancestry residents (4.9%), among others. In addition, 12.4% 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 Lancaster / The College of Saint Rose neighborhood spend between 15 and 30 minutes commuting one-way to work (41.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (53.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (9.9%) and 7.8% of residents also hop out the door and walk to work 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.