Kensington-Bailey median real estate price is $136,743, which is less expensive than 94.8% of New York neighborhoods and 90.9% of all U.S. neighborhoods.
The average rental price in Kensington-Bailey is currently $1,586, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.2% of New York neighborhoods.
Kensington-Bailey is a densely urban neighborhood (based on population density) located in Buffalo, New York.
Kensington-Bailey real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Kensington-Bailey neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Kensington-Bailey has a 9.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Buffalo, the Kensington-Bailey neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Kensington-Bailey neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 38.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.8% of America's neighborhoods.
More people ride the bus in this neighborhood each day to get to work than 96.4% of U.S. neighborhoods.
According to NeighborhoodScout's research, Kensington-Bailey is better suited for first-time home buyers than 86.3% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in New York. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
Did you know that the Kensington-Bailey neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.7% of this neighborhood's residents have Sub-Saharan African ancestry and 6.8% have African 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 Kensington-Bailey neighborhood in Buffalo are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 80.6% of U.S. neighborhoods. With 41.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.6% 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 Kensington-Bailey neighborhood, 32.6% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.9%), and 19.8% in manufacturing and laborer occupations.
The most common language spoken in the Kensington-Bailey neighborhood is English, spoken by 85.8% of households. Some people also speak Spanish (3.5%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Kensington-Bailey neighborhood in Buffalo, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (14.7%). There are also a number of people of Asian ancestry (8.9%), and residents who report African roots (6.8%), and some of the residents are also of Polish ancestry (6.3%), along with some Puerto Rican ancestry residents (3.2%), among others.
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 Kensington-Bailey neighborhood spend between 15 and 30 minutes commuting one-way to work (56.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (55.9%) 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 (17.1%) and 11.8% 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.