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Real Estate Prices & Overview

Freight House District median real estate price is $492,461, which is more expensive than 57.0% of the neighborhoods in Nevada and 64.8% of the neighborhoods in the U.S.

The average rental price in Freight House District is currently $1,309, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.3% of Nevada neighborhoods.

Freight House District is a suburban neighborhood (based on population density) located in Reno, Nevada.

Freight House District real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Freight House District neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Freight House District. The current real estate vacancy rate here is 32.4%. This is higher than the rate of vacancies in 96.0% 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.

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 Reno, the Freight House District neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the Freight House District neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.3% of the neighborhoods in America. In a nation where 1 out of every 4 children lives in poverty, the Freight House District neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, divorcees may find friendship and understanding in this neighborhood, as 36.4% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 100.0% of the neighborhoods in America.

Real Estate

The Freight House District 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 99.2% 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.

In addition, renter-occupied real estate is dominant in the Freight House District neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.8%, which is higher than 98.7% 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. Despite all of the residential real estate here in the Freight House District neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 32.4%, which is higher than 96.0% of all U.S. neighborhoods.

Furthermore, one of the really unique and interesting things about the look and setting of the Freight House District neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 85.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.5% of all neighborhoods in America.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.8% of U.S. neighborhoods.

Also, more people in Freight House District choose to walk to work each day (16.3%) 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.

Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.7% of residents in the Freight House District neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Freight House District neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.2% of all American neighborhoods.

Car Ownership

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 Freight House District neighborhood have a highly unusual car ownership. 49.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.

Diversity

Did you know that the Freight House District neighborhood has more Danish and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.3% of this neighborhood's residents have Danish ancestry and 3.1% have Yugoslav ancestry.

Freight House District is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

Migration / Stability

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 Freight House District neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.2% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

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 Freight House District neighborhood in Reno are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.3% 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.

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 Freight House District neighborhood, 47.6% 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 33.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.6%), and 5.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Freight House District neighborhood is English, spoken by 83.8% of households. Some people also speak Spanish (8.3%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Freight House District neighborhood in Reno, NV, residents most commonly identify their ethnicity or ancestry as Irish (21.9%). There are also a number of people of German ancestry (18.7%), and residents who report Italian roots (13.4%), and some of the residents are also of Mexican ancestry (8.1%), along with some Danish ancestry residents (7.3%), 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 Freight House District neighborhood spend between 45 minutes and one hour commuting one-way to work (32.2% of working residents), longer and tougher than most commutes in America.

Here most residents (32.2%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (28.5%) and 16.3% of residents also hop out the door and walk to work for their daily commute. The bus provides a valuable service in the Freight House District neighborhood of Reno by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.


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