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Real Estate Prices & Overview

Midtown West median real estate price is $1,872,567, which is more expensive than 93.4% of the neighborhoods in New York and 98.1% of the neighborhoods in the U.S.

The average rental price in Midtown West is currently $6,702, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.9% of the neighborhoods in New York.

Midtown West is a densely urban neighborhood (based on population density) located in New York, New York.

Midtown West 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 renter occupied. Many of the residences in the Midtown West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Midtown West has a 12.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Of note is NeighborhoodScout's research finding that the Midtown West 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 Midtown West community truly stands out from the rest in this regard.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 63.4%. This is a higher percent living alone than we found in 99.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Also, the rate of college educated adults in the Midtown West neighborhood is a unique characteristic of the neighborhood. 84.8% 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 99.0% of all U.S. neighborhoods.

Finally, if you're looking for an active nightlife with lots of opportunities to flirt and find romance, then you probably won't have to go too far from the Midtown West neighborhood to find it. Only 4.3% of the neighborhoods in the country have a larger proportion of young, single professionals. The nightlife may not be reminiscent of a "Sex and the City" episode, but the people who live here find friendship, romance, fun, and socializing readily available. In addition to being an excellent choice for young, single professionals, this neighborhood is also a very good choice for urban sophisticates.

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 Midtown West neighborhood have a highly unusual car ownership. 85.6% 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.

Real Estate

The Midtown West 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 97.5% 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.

In addition, one of the really unique and interesting things about the look and setting of the Midtown West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 97.4% 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 99.5% of all neighborhoods in America.

Furthermore, 99.5% of the real estate in the Midtown West neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Also of note, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 69,234 people per square mile, it is more densely populated than 99.1% of America's neighborhoods.

Finally, homes built from 2000 through today make up a higher proportion of the Midtown West neighborhood's real estate landscape than 97.7% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 81.7% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 30.5% of the Midtown West neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.2% of America's neighborhoods.

Also, more people in Midtown West choose to walk to work each day (18.1%) 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 4.6% of residents in the Midtown West neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the Midtown West neighborhood has more Greek and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Greek ancestry and 2.1% have Eastern European ancestry.

Midtown West is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.

The Neighbors

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 Midtown West neighborhood in New York are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.5% 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 Midtown West neighborhood, 68.9% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.0%), and 4.4% in government jobs, whether they are in local, state, or federal positions.

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 Midtown West neighborhood is English, spoken by 72.1% of households. Other important languages spoken here include Spanish, Chinese, Langs. of India and African languages.

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 Midtown West neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Asian (19.3%). There are also a number of people of Italian ancestry (13.0%), and residents who report Polish roots (9.8%), and some of the residents are also of Irish ancestry (8.2%), along with some English ancestry residents (7.8%), among others. In addition, 38.0% of the residents of this neighborhood were born in another country.

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 Midtown West neighborhood spend between 15 and 30 minutes commuting one-way to work (50.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (30.5%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (18.1%) and 8.3% of residents also ride the bus for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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