Downtown Schenectady median real estate price is $266,892, which is less expensive than 78.9% of New York neighborhoods and 68.2% of all U.S. neighborhoods.
The average rental price in Downtown Schenectady is currently $1,541, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 84.8% of New York neighborhoods.
Downtown Schenectady is an urban neighborhood (based on population density) located in Schenectady, New York.
Downtown Schenectady real estate is primarily made up of small (studio to two 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 Downtown Schenectady neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In Downtown Schenectady, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 83.9% of all neighborhoods in the U.S. This means that the housing supply in Downtown Schenectady 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.
The Downtown Schenectady neighborhood stands out for having an average per capita income lower than 95.1% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Downtown Schenectady neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, of particular note, 14.9% of the people in the Downtown Schenectady neighborhood currently reside in a correction facility, held due to punishment for a crime.
Also, neighborhoodScout's analysis shows that the Downtown Schenectady neighborhood has a greater concentration of residents currently enrolled in college than 96.8% of the neighborhoods in the U.S. With 13.8% of the population here attending college, this is very much a college-focused neighborhood.
The Downtown Schenectady 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 100.0% 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 Downtown Schenectady neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.8%, which is higher than 98.9% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the Downtown Schenectady neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 80.7% 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 96.8% of all neighborhoods in America.
In the Downtown Schenectady 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 20.3% of residents here. This is a higher proportion of walking commuters than we found in 98.2% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, more people ride the bus in this neighborhood each day to get to work than 95.4% of U.S. neighborhoods.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Downtown Schenectady neighborhood has a highly unusual pattern of car ownership. 28.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Downtown Schenectady neighborhood. In the Downtown Schenectady neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.5% 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 Schenectady neighborhood has more Greek and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Greek ancestry and 3.2% have Russian ancestry.
Downtown Schenectady is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 96.8% 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 Downtown Schenectady neighborhood in Schenectady are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.1% 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.
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 Downtown Schenectady neighborhood, 49.4% 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 32.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.9%), and 7.5% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Downtown Schenectady neighborhood is English, spoken by 85.8% of households. Some people also speak Spanish (8.8%).
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 Downtown Schenectady neighborhood in Schenectady, NY, residents most commonly identify their ethnicity or ancestry as Spanish (9.8%). There are also a number of people of Puerto Rican ancestry (7.8%), and residents who report Russian roots (3.2%), and some of the residents are also of Italian ancestry (3.1%), along with some Irish ancestry residents (2.9%), among others. In addition, 18.0% 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 Downtown Schenectady neighborhood spend under 15 minutes commuting one-way to work (34.1% of working residents), one of the shortest commutes across America.
Here most residents (59.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (20.3%) and 10.6% of residents also ride the bus 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.
