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Real Estate Prices & Overview

Troy Southeast median real estate price is $223,506, which is less expensive than 84.2% of New York neighborhoods and 76.4% of all U.S. neighborhoods.

The average rental price in Troy Southeast is currently $2,333, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.0% of New York neighborhoods.

Troy Southeast is a suburban neighborhood (based on population density) located in Troy, New York.

Troy Southeast 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Troy Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Troy Southeast has a 12.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.4% 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.

Notable & Unique Neighborhood Characteristics

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 Troy, the Troy Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Single parenting is hard. But you don't have to tell the Troy Southeast neighborhood about it; they already know. 32.8% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.7% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Troy Southeast neighborhood has a greater percentage of children living in poverty (65.1%) than found in 97.9% 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.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Troy Southeast neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 20.5% of its workforce, this neighborhood has a greater concentration of government workers than 99.1% of U.S. neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (20.6% ride the bus) than 99.0% 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

American households most often have a car, and regularly they have two or three. But households in the Troy Southeast neighborhood buck this trend. 22.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.8% of U.S. neighborhoods.

Diversity

Did you know that the Troy Southeast neighborhood has more Lebanese and French ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Lebanese ancestry and 13.3% have French ancestry.

The Neighbors

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 Troy Southeast neighborhood in Troy are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.9% of U.S. neighborhoods. With 65.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.9% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Troy Southeast neighborhood, 33.5% 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 29.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.6%), and 20.5% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Troy Southeast neighborhood is English, spoken by 91.7% of households. Some people also speak Spanish (4.0%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Troy Southeast neighborhood in Troy, NY, residents most commonly identify their ethnicity or ancestry as Italian (18.6%). There are also a number of people of Irish ancestry (13.9%), and residents who report French roots (13.3%), and some of the residents are also of Puerto Rican ancestry (13.1%), along with some German ancestry residents (10.7%), among others.

Getting to Work

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 Troy Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (57.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (20.6%) and 8.6% 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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