Downtown Northeast median real estate price is $346,325, which is more expensive than 62.6% of the neighborhoods in Texas and 45.6% of the neighborhoods in the U.S.
The average rental price in Downtown Northeast is currently $1,588, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.5% of Texas neighborhoods.
Downtown Northeast is a densely urban neighborhood (based on population density) located in Houston, Texas.
Downtown Northeast 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 Downtown Northeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In Downtown Northeast, 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 Downtown Northeast 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.
Renter-occupied real estate is dominant in the Downtown Northeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 99.7%, which is higher than 99.2% 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. With a real estate vacancy rate of only 0.0%, the Downtown Northeast neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, the Downtown Northeast 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 94.5% 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, the real estate in the Downtown Northeast neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 91.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.3% of American neighborhoods.
Also of note, the Downtown Northeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,431 persons per square mile in the neighborhood, it is more packed with people than 97.2% 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 Downtown Northeast neighborhood is one of the most walkable neighborhoods in America.
Of note is NeighborhoodScout's research finding that the Downtown Northeast neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Downtown Northeast community truly stands out from the rest in this regard.
In addition, an interesting characteristic about the Downtown Northeast neighborhood is that there are more incarcerated people living here than 99.9% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Also, neighborhoodScout's exclusive research revealed that 95.0% of the adult residents in the Downtown Northeast neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.6% of the neighborhoods in America.
While most Americans do drive to work alone each day, the Downtown Northeast neighborhood stands out by having 96.9% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.9% of all American neighborhoods.
The Downtown Northeast neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.9% of the neighborhoods in America. In fact, 76.6% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Furthermore, 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 Downtown Northeast neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.8% of its workforce, this neighborhood has a greater concentration of government workers than 97.1% of U.S. neighborhoods.
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. In the Downtown Northeast neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.8% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Downtown Northeast neighborhood has more Haitian and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Haitian ancestry and 2.5% have Native American ancestry.
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 Downtown Northeast neighborhood in Houston are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.9% of the neighborhoods in America. 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.
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 Downtown Northeast neighborhood, 76.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.3% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (14.8%), and 3.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Downtown Northeast neighborhood is English, spoken by 70.7% of households. Some people also speak Spanish (27.7%).
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 Downtown Northeast neighborhood in Houston, TX, residents most commonly identify their ethnicity or ancestry as Mexican (19.5%). There are also a number of people of Haitian ancestry (5.8%), and residents who report Sub-Saharan African roots (5.2%), and some of the residents are also of African ancestry (2.9%), along with some Native American ancestry residents (2.5%), among others. In addition, 10.3% of the residents of this neighborhood were born in another country.
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 Downtown Northeast neighborhood spend between 15 and 30 minutes commuting one-way to work (77.4% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (96.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
