W 51st St / Rockefeller Plz median real estate price is $1,974,586, which is more expensive than 94.2% of the neighborhoods in New York and 98.3% of the neighborhoods in the U.S.
The average rental price in W 51st St / Rockefeller Plz is currently $4,124, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.7% of the neighborhoods in New York.
W 51st St / Rockefeller Plz is a densely urban neighborhood (based on population density) located in New York, New York.
W 51st St / Rockefeller Plz 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 small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W 51st St / Rockefeller Plz 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 W 51st St / Rockefeller Plz. The current real estate vacancy rate here is 52.6%. This is higher than the rate of vacancies in 98.9% 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.
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.
People
If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.7% of America's neighborhoods are wealthier than the W 51st St / Rockefeller Plz neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. As one would expect in a considerably wealthy neighborhood such as this, W 51st St / Rockefeller Plz also has one of the lowest ratings of child poverty in the nation.
In addition, the rate of college educated adults in the W 51st St / Rockefeller Plz neighborhood is a unique characteristic of the neighborhood. 91.6% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.8% of all U.S. neighborhoods.
Also, one of the most interesting things about the W 51st St / Rockefeller Plz neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 65.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 99.5% of the neighborhoods in America.
Finally, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the W 51st St / Rockefeller Plz neighborhood: a neighborhood in which more "urban sophisticates" live than 99.4% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for active retirees, young, single professionals and highly educated executives.
Occupations
The W 51st St / Rockefeller Plz neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.9% of the neighborhoods in America. In fact, 87.8% 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.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the W 51st St / Rockefeller Plz neighborhood buck this trend. 80.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.
Modes of Transportation
More people in W 51st St / Rockefeller Plz choose to walk to work each day (39.6%) 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.
Also, a unique way of commuting is simply not to. And in the W 51st St / Rockefeller Plz neighborhood, analysis shows that 36.4% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 99.1% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 18.9% of the W 51st St / Rockefeller Plz neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.1% of America's neighborhoods.
Real Estate
One of the really unique and interesting things about the look and setting of the W 51st St / Rockefeller Plz neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.0% 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 99.2% of all neighborhoods in America.
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 52.6% of the residential real estate vacant, the W 51st St / Rockefeller Plz neighborhood claims the distinction of having a higher vacancy rate than 98.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Furthermore, the W 51st St / Rockefeller Plz 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 93.4% 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.
Also of note, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The W 51st St / Rockefeller Plz neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Diversity
Did you know that the W 51st St / Rockefeller Plz neighborhood has more British and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have British ancestry and 3.4% have Slovak ancestry.
W 51st St / Rockefeller Plz is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 97.8% 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 W 51st St / Rockefeller Plz neighborhood in New York are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.3% 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.
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 W 51st St / Rockefeller Plz neighborhood, 87.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 8.7% of the residents employed.
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 W 51st St / Rockefeller Plz neighborhood is English, spoken by 74.6% of households. Other important languages spoken here include Chinese, Polish, Korean and Langs. of India.
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 W 51st St / Rockefeller Plz neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Italian (21.9%). There are also a number of people of Asian ancestry (20.5%), and residents who report English roots (9.3%), and some of the residents are also of German ancestry (5.7%), along with some Irish ancestry residents (5.7%), among others. In addition, 25.8% 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 W 51st St / Rockefeller Plz neighborhood spend under 15 minutes commuting one-way to work (46.0% of working residents), one of the shortest commutes across America.
Here most residents (39.6%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (18.9%) . This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
