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Real Estate Prices & Overview

Central median real estate price is $183,417, which is more expensive than 36.3% of the neighborhoods in Ohio and 18.2% of the neighborhoods in the U.S.

The average rental price in Central is currently $1,121, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.3% of Ohio neighborhoods.

Central is an urban neighborhood (based on population density) located in Cleveland, Ohio.

Central 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Central 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.

Home and apartment vacancy rates are 6.7% in Central. NeighborhoodScout analysis shows that this rate is lower than 55.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Cleveland, the Central neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Central neighborhood has more single mother households than 99.8% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

In addition, one of the unique characteristics of the Central neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.4% of the neighborhoods in America. Also of note, 74.7% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.3% of U.S. neighborhoods.

Also, more people in Central choose to walk to work each day (18.7%) 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.

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 Central neighborhood have a highly unusual car ownership. 26.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.6% of U.S. neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Central neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 88.0%, which is higher than 96.2% 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.

In addition, the real estate in the Central neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 72.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.4% of American neighborhoods.

Diversity

Did you know that the Central neighborhood has more Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.8% of this neighborhood's residents have Jamaican ancestry.

Central is also pretty special linguistically. Significantly, 3.1% 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 96.8% 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 Central neighborhood in Cleveland are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.4% of U.S. neighborhoods. With 74.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.0% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Central neighborhood, 34.4% 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 clerical, assistant, and tech support occupations, with 29.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.6%), and 16.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Central neighborhood is English, spoken by 94.0% of households. Some people also speak Arabic (3.1%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Central neighborhood in Cleveland, OH, residents most commonly identify their ethnicity or ancestry as Jamaican (6.8%). There are also a number of people of Sub-Saharan African ancestry (5.2%), and residents who report African roots (5.2%), and some of the residents are also of Arab ancestry (2.7%), along with some Polish ancestry residents (1.2%), among others.

Getting to Work

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 Central neighborhood spend under 15 minutes commuting one-way to work (35.2% of working residents), one of the shortest commutes across America.

Here most residents (39.5%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (24.5%) and 18.7% of residents also hop out the door and walk to work 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.


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