Terrace Village median real estate price is $413,864, which is more expensive than 73.6% of the neighborhoods in Pennsylvania and 55.1% of the neighborhoods in the U.S.
The average rental price in Terrace Village is currently $1,047, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.2% of Pennsylvania neighborhoods.
Terrace Village is an urban neighborhood (based on population density) located in Pittsburgh, Pennsylvania.
Terrace Village 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Terrace Village neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Terrace Village. The current real estate vacancy rate here is 17.6%. This is higher than the rate of vacancies in 85.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Pittsburgh, the Terrace Village neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Terrace Village neighborhood stands out for having an average per capita income lower than 99.5% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Terrace Village neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, neighborhoodScout's analysis shows that the Terrace Village neighborhood has a greater concentration of residents currently enrolled in college than 99.3% of the neighborhoods in the U.S. With 54.5% of the population here attending college, this is very much a college-focused neighborhood.
Also, one of the really interesting characteristics about the Terrace Village neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.4% of college-friendly places to live in the state of Pennsylvania.
More people ride the bus in this neighborhood each day to get to work than 99.2% of U.S. neighborhoods.
Also, more people in Terrace Village choose to walk to work each day (27.6%) 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.
Renter-occupied real estate is dominant in the Terrace Village neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.8%, which is higher than 98.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
In addition, the Terrace Village neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Terrace Village neighborhood could be your paradise. With 26.8% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.0% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
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 Terrace Village neighborhood has a highly unusual pattern of car ownership. 39.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.0% of U.S. neighborhoods.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Terrace Village neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.0% of all American neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Terrace Village neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Terrace Village neighborhood has more Czechoslovakian and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Czechoslovakian ancestry and 13.0% have Sub-Saharan African ancestry.
Terrace Village is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 96.2% 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 Terrace Village neighborhood in Pittsburgh are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Terrace Village neighborhood, 38.0% 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 executive, management, and professional occupations, with 29.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (27.7%), and 4.6% in manufacturing and laborer 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 Terrace Village neighborhood is English, spoken by 85.6% of households. Other important languages spoken here include Polish and Chinese.
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 Terrace Village neighborhood in Pittsburgh, PA, residents most commonly identify their ethnicity or ancestry as Asian (13.2%). There are also a number of people of Sub-Saharan African ancestry (13.0%), and residents who report German roots (9.7%), and some of the residents are also of Italian ancestry (5.8%), along with some African ancestry residents (3.7%), among others. In addition, 11.4% 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 Terrace Village neighborhood spend between 45 minutes and one hour commuting one-way to work (34.8% of working residents), longer and tougher than most commutes in America.
Here most residents (31.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.6%) and 22.2% of residents also ride the bus 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.
