Penn's Common / Southeast Reading median real estate price is $148,754, which is less expensive than 85.8% of Pennsylvania neighborhoods and 89.3% of all U.S. neighborhoods.
The average rental price in Penn's Common / Southeast Reading is currently $1,292, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 85.1% of Pennsylvania neighborhoods.
Penn's Common / Southeast Reading is a densely urban neighborhood (based on population density) located in Reading, Pennsylvania.
Penn's Common / Southeast Reading 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 Penn's Common / Southeast Reading neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Penn's Common / Southeast Reading. The current real estate vacancy rate here is 21.4%. This is higher than the rate of vacancies in 90.0% 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 Reading, the Penn's Common / Southeast Reading neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people work in manufacturing and as laborers here in the Penn's Common / Southeast Reading neighborhood than in 99.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Furthermore, it used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Penn's Common / Southeast Reading neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 3.6% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.4% of U.S. neighborhoods.
The Penn's Common / Southeast Reading neighborhood stands out for having an average per capita income lower than 99.0% of the neighborhoods in the United States. The Penn's Common / Southeast Reading neighborhood also has a greater percentage of children living in poverty (75.3%) than found in 99.0% 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, penn's Common / Southeast Reading has the amazing distinction of housing more same sex couples living together than 98.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, neighborhoodScout's exclusive research revealed that 93.7% of the adult residents in the Penn's Common / Southeast Reading neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.6% of the neighborhoods in America.
Finally, the Penn's Common / Southeast Reading neighborhood stands out within Pennsylvania for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.2% of college-friendly places to live in PA.
The Penn's Common / Southeast Reading neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,606 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Penn's Common / Southeast Reading neighborhood is one of the most walkable neighborhoods in America.
In addition, 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 Penn's Common / Southeast Reading neighborhood could be your paradise. With 36.9% 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 2.2% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Furthermore, renter-occupied real estate is dominant in the Penn's Common / Southeast Reading neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.1%, which is higher than 95.1% 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 the Penn's Common / Southeast Reading neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.9% of commuters carpool here, which is more than in 96.1% of all U.S. neighborhoods.
Also, in the Penn's Common / Southeast Reading neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 10.6% of residents here. This is a higher proportion of walking commuters than we found in 95.3% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Did you know that the Penn's Common / Southeast Reading neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.3% of this neighborhood's residents have Puerto Rican ancestry and 15.8% have Dominican ancestry.
Penn's Common / Southeast Reading is also pretty special linguistically. Significantly, 12.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 98.7% 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 Penn's Common / Southeast Reading neighborhood in Reading are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.0% of U.S. neighborhoods. With 75.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.0% 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 Penn's Common / Southeast Reading neighborhood, 52.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 24.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.9%), and 4.3% 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 Penn's Common / Southeast Reading neighborhood is English, spoken by 55.7% of households. Other important languages spoken here include Spanish, Italian and Polish.
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 Penn's Common / Southeast Reading neighborhood in Reading, PA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (26.3%). There are also a number of people of Dominican ancestry (15.8%), and residents who report German roots (11.7%), and some of the residents are also of Irish ancestry (11.5%), along with some Mexican ancestry residents (9.0%), among others. In addition, 24.1% 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 Penn's Common / Southeast Reading neighborhood spend between 15 and 30 minutes commuting one-way to work (63.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (51.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (23.9%) and 10.6% of residents also hop out the door and walk to work 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.
