Median real estate price in the Town Center of Katonah is $1,372,059, which is more expensive than 82.5% of the neighborhoods in New York and 93.7% of the neighborhoods in the U.S.
The average rental price in Katonah Town Center is currently $6,612, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 99.0% of the neighborhoods in New York.
Katonah Town Center is a rural neighborhood (based on population density) located in Katonah, New York.
Real estate in the Town Center of Katonah, NY is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Katonah Town Center has a 11.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.2% 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.
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.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Katonah Town Center neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.1% of all neighborhoods in America.
The rate of college educated adults in the Katonah Town Center neighborhood is a unique characteristic of the neighborhood. 84.1% 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 98.9% of all U.S. neighborhoods.
In addition, 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 1.4% of America's neighborhoods are wealthier than the Katonah Town Center 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.
Also, a majority of the adults in the Katonah Town Center neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for New York by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 97.9% of the neighborhoods in New York. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates, active retirees and families with school-aged children.
In the Katonah Town Center neighborhood, 15.2% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.5% of the neighborhoods in America.
Did you know that the Katonah Town Center neighborhood has more Italian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.1% of this neighborhood's residents have Italian ancestry and 3.4% have Eastern European ancestry.
Katonah Town Center is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 95.0% 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 Town Center neighborhood in Katonah 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 98.6% of the neighborhoods in America. With 21.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.5% 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 Katonah Town Center neighborhood, 67.9% 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 13.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.6%), and 4.7% in manufacturing and laborer occupations.
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 Katonah Town Center neighborhood is English, spoken by 88.1% of households. Other important languages spoken here include Spanish and Tagalog (the first language of the Philippine region).
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 Town Center neighborhood in Katonah, NY, residents most commonly identify their ethnicity or ancestry as Italian (27.1%). There are also a number of people of Irish ancestry (22.2%), and residents who report German roots (13.6%), and some of the residents are also of Puerto Rican ancestry (10.9%), along with some English ancestry residents (9.5%), among others.
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 Katonah Town Center neighborhood spend between 15 and 30 minutes commuting one-way to work (34.7% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (17.3%) who commute over an hour in each direction.
Here most residents (54.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (15.2%) and 6.1% of residents also carpool with coworkers, friends, or neighbors 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.