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Real Estate Prices & Overview

Hamilton Hill and Vale West median real estate price is $195,401, which is less expensive than 88.5% of New York neighborhoods and 81.8% of all U.S. neighborhoods.

The average rental price in Hamilton Hill and Vale West is currently $1,446, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.2% of New York neighborhoods.

Hamilton Hill and Vale West is a densely urban neighborhood (based on population density) located in Schenectady, New York.

Hamilton Hill and Vale West 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 Hamilton Hill and Vale West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Hamilton Hill and Vale West, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Hamilton Hill and Vale West is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Hamilton Hill and Vale West neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

People

The Hamilton Hill and Vale West neighborhood stands out for having an average per capita income lower than 99.9% of the neighborhoods in the United States. The Hamilton Hill and Vale West neighborhood also has a greater percentage of children living in poverty (61.8%) than found in 97.4% 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.

In addition, one of the most interesting things about the Hamilton Hill and Vale West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 49.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 95.2% of the neighborhoods in America.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (29.5% ride the bus) than 99.7% 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.

Car Ownership

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 Hamilton Hill and Vale West neighborhood has a highly unusual pattern of car ownership. 37.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.8% of U.S. neighborhoods.

Diversity

Did you know that the Hamilton Hill and Vale West neighborhood has more Puerto Rican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.3% of this neighborhood's residents have Puerto Rican ancestry and 6.3% have African ancestry.

The Neighbors

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 Hamilton Hill and Vale West neighborhood in Schenectady are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 61.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% 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 Hamilton Hill and Vale West neighborhood, 30.2% 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 30.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.4%), and 17.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Hamilton Hill and Vale West neighborhood is English, spoken by 82.7% of households. Some people also speak Spanish (17.0%).

Ethnicity / Ancestry

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 Hamilton Hill and Vale West neighborhood in Schenectady, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (24.3%). There are also a number of people of French ancestry (7.1%), and residents who report Irish roots (6.7%), and some of the residents are also of Sub-Saharan African ancestry (6.5%), along with some African ancestry residents (6.3%), among others.

Getting to Work

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 Hamilton Hill and Vale West neighborhood spend under 15 minutes commuting one-way to work (33.8% of working residents), one of the shortest commutes across America.

Here most residents (47.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (29.5%) and 19.3% of residents also carpool with coworkers, friends, or neighbors 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.


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