W 118th St / 5th Ave median real estate price is $1,053,025, which is more expensive than 75.8% of the neighborhoods in New York and 91.4% of the neighborhoods in the U.S.
The average rental price in W 118th St / 5th Ave is currently $2,410, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.4% of New York neighborhoods.
W 118th St / 5th Ave is a densely urban neighborhood (based on population density) located in New York, New York.
W 118th St / 5th 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 occupied by a mixture of owners and renters. Many of the residences in the W 118th St / 5th Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
W 118th St / 5th Ave has a 13.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.0% 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.
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.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 48.8% of the W 118th St / 5th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.
Also, more people in W 118th St / 5th Ave choose to walk to work each day (14.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
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 91,802 people per square mile, it is more densely populated than 99.5% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 118th St / 5th Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the real estate in the W 118th St / 5th Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 91.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.3% of American neighborhoods.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the W 118th St / 5th Ave neighborhood has a highly unusual pattern of car ownership. 54.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.
Did you know that the W 118th St / 5th Ave neighborhood has more Brazilian and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Brazilian ancestry and 4.6% have Dominican ancestry.
W 118th St / 5th Ave is also pretty special linguistically. Significantly, 5.7% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.9% 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 W 118th St / 5th Ave neighborhood in New York are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.7% of the neighborhoods in America. In addition, 9.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 50.9% of America'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 W 118th St / 5th Ave neighborhood, 68.6% 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 15.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.5%), and 8.6% in government jobs, whether they are in local, state, or federal positions.
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 W 118th St / 5th Ave neighborhood is English, spoken by 67.2% of households. Other important languages spoken here include Spanish, African languages, French and Arabic.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the W 118th St / 5th Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.4%). There are also a number of people of Asian ancestry (7.5%), and residents who report Dominican roots (4.6%), and some of the residents are also of Puerto Rican ancestry (3.8%), along with some Mexican ancestry residents (3.8%), among others. In addition, 29.6% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in W 118th St / 5th Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (38.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (48.8%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (14.8%) and 10.5% 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.