Henry St / Montgomery St median real estate price is $1,350,159, which is more expensive than 84.0% of the neighborhoods in New York and 94.6% of the neighborhoods in the U.S.
The average rental price in Henry St / Montgomery St is currently $3,536, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.3% of the neighborhoods in New York.
Henry St / Montgomery St is a densely urban neighborhood (based on population density) located in New York, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Henry St / Montgomery St 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 Henry St / Montgomery St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Henry St / Montgomery St has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.2% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
The Henry St / Montgomery St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,751 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation'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 Henry St / Montgomery St neighborhood is among the top 5% of American neighborhoods in terms of walkability. Henry St / Montgomery St is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Henry St / Montgomery St is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, the real estate in the Henry St / Montgomery St 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, 96.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.3% of American neighborhoods.
Furthermore, 100.0% of the real estate in the Henry St / Montgomery St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
American households most often have a car, and regularly they have two or three. But households in the Henry St / Montgomery St neighborhood buck this trend. 84.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.
In the Henry St / Montgomery St neighborhood, 2.5% of people ride a ferry to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of ferry ridership than in 99.6% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 98.3% of U.S. neighborhoods.
Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.3% of the Henry St / Montgomery St neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.6% of America's neighborhoods.
The Henry St / Montgomery St neighborhood has a greater percentage of children living in poverty (77.3%) than found in 99.2% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Did you know that the Henry St / Montgomery St neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 52.2% of this neighborhood's residents have Puerto Rican ancestry and 7.2% have Dominican ancestry.
Henry St / Montgomery St is also pretty special linguistically. Significantly, 11.4% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.
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 Henry St / Montgomery St 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 94.4% of U.S. neighborhoods. With 77.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.2% 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 Henry St / Montgomery St neighborhood, 30.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.8%), and 14.4% in clerical, assistant, and tech support 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 Henry St / Montgomery St neighborhood is English, spoken by 70.1% of households. Other important languages spoken here include Spanish and Chinese.
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 Henry St / Montgomery St neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (52.2%). There are also a number of people of Asian ancestry (13.8%), and residents who report Sub-Saharan African roots (8.4%), and some of the residents are also of Dominican ancestry (7.2%), along with some English ancestry residents (1.6%), among others. In addition, 16.9% 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 Henry St / Montgomery St neighborhood spend between 15 and 30 minutes commuting one-way to work (33.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (20.3%) take the train to get to work. In addition, quite a number also ride the bus to get to work (17.2%) and 13.0% of residents also hop out the door and walk to work 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.