Downtown Troy / Russell Sage College median real estate price is $291,472, which is less expensive than 75.8% of New York neighborhoods and 63.5% of all U.S. neighborhoods.
The average rental price in Downtown Troy / Russell Sage College is currently $1,925, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.4% of New York neighborhoods.
Downtown Troy / Russell Sage College is a densely urban neighborhood (based on population density) located in Troy, New York.
Downtown Troy / Russell Sage College 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 Downtown Troy / Russell Sage College 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 1940 and 1969.
Vacant apartments or homes are a major fact of life in Downtown Troy / Russell Sage College. The current real estate vacancy rate here is 31.0%. This is higher than the rate of vacancies in 95.5% 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.
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.
The Downtown Troy / Russell Sage College neighborhood has a greater percentage of children living in poverty (100.0%) than found in 99.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
In addition, an extraordinary 24.5% of the residents of the Downtown Troy / Russell Sage College neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, 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: 56.1%. This is a higher percent living alone than we found in 97.9% 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.
More people in Downtown Troy / Russell Sage College choose to walk to work each day (26.8%) 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.
Renter-occupied real estate is dominant in the Downtown Troy / Russell Sage College neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.0%, which is higher than 97.4% 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. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 31.0% of the residential real estate vacant, the Downtown Troy / Russell Sage College neighborhood claims the distinction of having a higher vacancy rate than 95.5% 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.
In addition, the Downtown Troy / Russell Sage College 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 88.9% 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, 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 Troy / Russell Sage College neighborhood is one of the most walkable neighborhoods in America.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Downtown Troy / Russell Sage College neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 61.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.9% of the neighborhoods in the United States.
The Downtown Troy / Russell Sage College neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.4% of the neighborhoods in America. In fact, 74.8% 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.
Did you know that the Downtown Troy / Russell Sage College neighborhood has more Arab and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.4% of this neighborhood's residents have Arab ancestry and 3.0% have Ukrainian ancestry.
Downtown Troy / Russell Sage College is also pretty special linguistically. Significantly, 8.5% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.4% of the neighborhoods in America.
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 Downtown Troy / Russell Sage College neighborhood in Troy are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.4% of U.S. neighborhoods. With 100.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.9% of U.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 Troy / Russell Sage College neighborhood, 74.8% 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 12.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.7%), and 3.2% in manufacturing and laborer occupations.
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 Downtown Troy / Russell Sage College neighborhood is English, spoken by 72.7% of households. Other important languages spoken here include Arabic, Polish, Spanish and French.
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 Troy / Russell Sage College neighborhood in Troy, NY, residents most commonly identify their ethnicity or ancestry as Irish (12.3%). There are also a number of people of Polish ancestry (10.8%), and residents who report Asian roots (10.6%), and some of the residents are also of German ancestry (9.1%), along with some Arab ancestry residents (8.4%), among others. In addition, 21.4% 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 Troy / Russell Sage College neighborhood spend under 15 minutes commuting one-way to work (42.0% of working residents), one of the shortest commutes across America.
Here most residents (42.9%) 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 (26.8%) and 5.4% 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.
