Olney East median real estate price is $181,486, which is less expensive than 76.4% of Pennsylvania neighborhoods and 82.8% of all U.S. neighborhoods.
The average rental price in Olney East is currently $2,089, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.0% of the neighborhoods in Pennsylvania.
Olney East is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.
Olney East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Olney East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Olney East, 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 Olney East is very tight compared to the demand for property here.
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.
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 Olney East 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.
In addition, if you love row houses and attached homes, you will probably really like the Olney East neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 56.8% of the residential real estate here is classified as row houses and attached homes.
Our research revealed that more commuters here take the bus to work (16.6% ride the bus) than 98.1% 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.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Olney East neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Olney East neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.5% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.7% of all neighborhoods in America.
Single parenting is hard. But you don't have to tell the Olney East neighborhood about it; they already know. 19.1% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.5% 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.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Olney East neighborhood have a highly unusual car ownership. 21.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.
Did you know that the Olney East neighborhood has more Haitian and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.8% of this neighborhood's residents have Haitian ancestry and 7.5% have Dominican ancestry.
Olney East is also pretty special linguistically. Significantly, 8.5% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Olney East neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Olney East neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.1% of U.S. neighborhoods. With 11.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.9% 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 Olney East neighborhood, 29.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 27.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.8%), and 17.1% in executive, management, and professional occupations.
Languages
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 Olney East neighborhood is English, spoken by 60.8% of households. Other important languages spoken here include Spanish, French, Mon-Khmer (the dominant language of Cambodia) and Vietnamese.
Ethnicity / Ancestry
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 Olney East neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Asian (17.5%). There are also a number of people of Haitian ancestry (12.8%), and residents who report Puerto Rican roots (7.7%), and some of the residents are also of Dominican ancestry (7.5%), along with some Sub-Saharan African ancestry residents (6.3%), among others. In addition, 26.2% 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 Olney East neighborhood spend between 45 minutes and one hour commuting one-way to work (34.5% of working residents), longer and tougher than most commutes in America.
Here most residents (50.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (16.6%) and 13.2% 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.
