New Square East median real estate price is $663,976, which is more expensive than 54.3% of the neighborhoods in New York and 80.7% of the neighborhoods in the U.S.
The average rental price in New Square East is currently $2,745, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.7% of New York neighborhoods.
New Square East is a densely urban neighborhood (based on population density) located in New Square, New York.
New Square East real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the New Square East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in New Square East are 4.5%, which is lower than one will find in 70.0% of American neighborhoods. Demand for real estate in New Square East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 New Square, the New Square East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Modes of Transportation
In the New Square East 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 46.1% of residents here. This is a higher proportion of walking commuters than we found in 99.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Car Ownership
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 New Square East neighborhood has a highly unusual pattern of car ownership. 56.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.
People
The New Square East neighborhood stands out for having an average per capita income lower than 96.4% of the neighborhoods in the United States. The New Square East neighborhood also has a greater percentage of children living in poverty (70.2%) than found in 98.5% 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, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the New Square East neighborhood may actually hold the key. 71.0% of its residents are married, which is a higher percentage than is found in 97.0% of the neighborhoods in America.
Also, the New Square East neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.4% of college-friendly places to live in NY.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the New Square East neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 63.4% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.1% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Real Estate
Renter-occupied real estate is dominant in the New Square East neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.4%, which is higher than 96.6% 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, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the New Square East neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 35.3% of the real estate here is made up of such dwellings, which is higher than 96.1% of all U.S. neighborhoods.
Furthermore, if you like crowded places, then you will probably enjoy the the New Square East neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.2% of neighborhoods in the U.S., with 21,057 people per square mile living here.
Diversity
Did you know that the New Square East neighborhood has more Hungarian and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.7% of this neighborhood's residents have Hungarian ancestry and 1.6% have Austrian ancestry.
New Square East is also pretty special linguistically. Significantly, 84.4% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 100.0% of all U.S. neighborhoods.
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 New Square East neighborhood in New Square are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.4% of U.S. neighborhoods. With 70.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.5% 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 New Square East neighborhood, 46.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.7%), and 6.9% 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 New Square East neighborhood is German/Yiddish, spoken by 84.4% of households. Other important languages spoken here include English and Arabic.
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 New Square East neighborhood in New Square, NY, residents most commonly identify their ethnicity or ancestry as Hungarian (27.7%). There are also a number of people of Polish ancestry (7.8%), and residents who report Arab roots (2.6%), and some of the residents are also of Asian ancestry (2.5%), along with some Eastern European ancestry residents (1.9%), among others.
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 New Square East neighborhood spend under 15 minutes commuting one-way to work (63.4% of working residents), one of the shortest commutes across America.
Here most residents (46.1%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (26.3%) and 14.3% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
