E 108th St / Madison Ave median real estate price is $1,319,502, which is more expensive than 85.2% of the neighborhoods in New York and 95.3% of the neighborhoods in the U.S.
The average rental price in E 108th St / Madison Ave is currently $2,385, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.9% of New York neighborhoods.
E 108th St / Madison Ave is a densely urban neighborhood (based on population density) located in New York, New York.
E 108th St / Madison Ave 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the E 108th St / Madison Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In E 108th St / Madison Ave, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 88.7% of all neighborhoods in the U.S. This means that the housing supply in E 108th St / Madison Ave is very tight compared to the demand for property here.
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 New York, the E 108th St / Madison Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 139,992 people per square mile, it is more densely populated than 99.9% of America's neighborhoods.
In addition, one of the really unique and interesting things about the look and setting of the E 108th St / Madison Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 99.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.8% of all neighborhoods in America.
Furthermore, renter-occupied real estate is dominant in the E 108th St / Madison Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.7%, which is higher than 96.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the E 108th St / Madison Ave 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 85.4% 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.
American households most often have a car, and regularly they have two or three. But households in the E 108th St / Madison Ave neighborhood buck this trend. 79.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 46.4% of the E 108th St / Madison Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.4% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 99.1% of U.S. neighborhoods.
Did you know that the E 108th St / Madison Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.8% of this neighborhood's residents have Dominican ancestry and 13.3% have Puerto Rican ancestry.
E 108th St / Madison Ave is also pretty special linguistically. Significantly, 3.3% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the E 108th St / Madison Ave neighborhood in New York are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 37.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.2% 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 E 108th St / Madison Ave neighborhood, 44.7% 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 27.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.0%), and 6.9% in manufacturing and laborer occupations.
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 E 108th St / Madison Ave neighborhood is English, spoken by 52.5% of households. Other important languages spoken here include Spanish, French, Arabic and Chinese.
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 E 108th St / Madison Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Dominican (18.8%). There are also a number of people of Puerto Rican ancestry (13.3%), and residents who report Sub-Saharan African roots (9.4%), and some of the residents are also of Asian ancestry (9.1%), along with some African ancestry residents (5.6%), among others. In addition, 30.7% 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 E 108th St / Madison Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (56.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (46.4%) take the train to get to work. In addition, quite a number also ride the bus to get to work (21.9%) and 5.2% of residents also drive alone in a private automobile for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.