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About New York, NY (E 62nd St / Madison Ave)


Real Estate Prices and Overview

E 62nd St / Madison Ave median real estate price is $5,440,923, which is more expensive than 99.7% of the neighborhoods in New York and 99.9% of the neighborhoods in the U.S.

The average rental price in E 62nd St / Madison Ave is currently $4,205, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.9% of the neighborhoods in New York.

E 62nd St / Madison Ave is a densely urban neighborhood (based on population density) located in New York, New York.

E 62nd St / Madison Ave 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 occupied by a mixture of owners and renters. Many of the residences in the E 62nd St / Madison Ave 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 E 62nd St / Madison Ave. The current real estate vacancy rate here is 51.2%. This is higher than the rate of vacancies in 98.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (34.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

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 New York, the E 62nd St / Madison Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Notable & Unique: People

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 0.2% of America's neighborhoods are wealthier than the E 62nd St / Madison Ave 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. As one would expect in a considerably wealthy neighborhood such as this, E 62nd St / Madison Ave also has one of the lowest ratings of child poverty in the nation.

In addition, if you are planning to retire in New York, this neighborhood should be on your must-see list. For many reasons, E 62nd St / Madison Ave may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New York, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 99.8% of neighborhoods in NY. If a New York retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the E 62nd St / Madison Ave neighborhood, where 54.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 12.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 99.6% of the neighborhoods in America.

Finally, 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: 53.0%. This is a higher percent living alone than we found in 97.2% 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.

Notable & Unique: Modes of Transportation

In the E 62nd St / Madison Ave 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 49.3% 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!

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 13.1% of the E 62nd St / Madison Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.8% of America's neighborhoods.

Finally, in the E 62nd St / Madison Ave neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 18.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Notable & Unique: Occupations

The E 62nd St / Madison Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.7% of the neighborhoods in America. In fact, 83.5% 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.

Notable & Unique: Car Ownership

American households most often have a car, and regularly they have two or three. But households in the E 62nd St / Madison Ave neighborhood buck this trend. 58.4% 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.

Notable & Unique: Real Estate

The E 62nd St / Madison Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 35,784 persons per square mile in the neighborhood, it is more packed with people than 97.6% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The E 62nd St / Madison Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 51.2% of the residential real estate vacant, the E 62nd St / Madison Ave neighborhood claims the distinction of having a higher vacancy rate than 98.6% 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.

Furthermore, one of the really unique and interesting things about the look and setting of the E 62nd St / Madison Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 88.1% 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 97.9% of all 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 E 62nd St / Madison Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 56.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.3% of the neighborhoods in the United States.

Notable & Unique: Diversity

Did you know that the E 62nd St / Madison Ave neighborhood has more Eastern European and Slovak ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.9% of this neighborhood's residents have Eastern European ancestry and 6.4% have Slovak ancestry.

E 62nd St / Madison Ave is also pretty special linguistically. Significantly, 4.5% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.


The Neighbors

The Neighbors: Income

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 E 62nd St / Madison Ave neighborhood in New York 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 99.8% of the neighborhoods in America. 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.

The Neighbors: Occupations

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 E 62nd St / Madison Ave neighborhood, 83.5% 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 13.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (2.4%), and 2.2% in government jobs, whether they are in local, state, or federal positions.

The Neighbors: 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 E 62nd St / Madison Ave neighborhood is English, spoken by 84.0% of households. Other important languages spoken here include French and Portuguese.

The Neighbors: 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 E 62nd St / Madison Ave neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Irish (17.5%). There are also a number of people of Italian ancestry (10.6%), and residents who report German roots (7.2%), and some of the residents are also of English ancestry (6.6%), along with some Slovak ancestry residents (6.4%), among others. In addition, 22.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 E 62nd St / Madison Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (39.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (49.3%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (13.1%) and 11.2% 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.


Neighborhood Real Estate Data

Analytics built by:   Location, Inc.

Raw data sources:   National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

 

Median Home Value:
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Median Real Estate Taxes:
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Neighborhood Home Prices

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Rental Market

 

Average Market Rent:
/ per month

GROSS RENTAL YIELD:
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MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

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Setting

 
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Neighborhood Look and Feel

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Housing Market Details

 

AGE OF New York, NY (E 62nd St / Madison Ave) HOMES

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TYPE OF New York, NY (E 62nd St / Madison Ave) HOMES

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SIZE OF New York, NY (E 62nd St / Madison Ave) HOMES

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SIZE OF New York, NY (E 62nd St / Madison Ave) HOMES

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homeownership

 
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Neighborhood Demographics Data

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.

Date(s) & Update Frequency:   2020 (latest available). Updated annually. Please note: Unemployment data updated February 2022.

Methodology:   Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data

Lifestyle

 
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Special character

 
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Age / Marital Status

 

Gender Ratio

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Military & College Status

 
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Employment Industries in E 62nd St / Madison Ave

 
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Commute to work

 

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Vehicles Per Household

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Migration & Mobility

 

Race & Ethnic Diversity

 

Diversity Index

(100 is the most diverse)


More diverse than of U.S. neighborhoods.

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Occupations

 

Ancestries & Languages Spoken

 

Ancestry (top 20)

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Languages Spoken (top 20)

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Unemployment Rate

 
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Average Income

 

Per Capita Income

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Median Household Income

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Education

 

Percent with College Degree

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Percent with Advanced Degree

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Income & Education

 
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Neighborhood Crime Data

Analytics built by:   Location, Inc.

Raw data sources:   18,000 local law enforcement agencies in the U.S.

Date(s) & Update Frequency:   Reflects 2020 calendar year; released from FBI in Sept. 2021 (latest available). Updated annually. Where is 2021 data?

Methodology:   Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data

Neighborhood Crime Data

 

total Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Neighborhood Annual Crimes
  Violent Property Total
Number of Crimes
Crime Rate
(per 1,000 residents)

Neighborhood Violent Crime

violent Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Violent Crime Index By Type

Murder
Index
Rape
Index
Robbery
Index
Assault
Index

100 is safest

100 is safest

100 is safest

100 is safest

Violent Crime Comparison (per 1,000 residents)

20 15 10 5 0
LOCKED
LOCKED
3.48
National Median: 4
    E 62nd St / Madison Ave
    New York
    New York

My Chances of Becoming a Victim of a Violent Crime

1 in

in E 62nd St / Madison Ave

1 in

in Manhattan

1 in 287

in New York State

New York VIOLENT CRIMES

Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

United States VIOLENT CRIMES

Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

Neighborhood Property Crime

property Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Property Crime Index By Type
Burglary
Index
Theft
Index
Motor Vehicle
Theft

100 is safest

100 is safest

100 is safest

Property Crime Comparison (per 1,000 residents)

100 75 50 25 0
LOCKED
LOCKED
13.5
National Median: 19
    E 62nd St / Madison Ave
    New York
    New York

My Chances of Becoming a Victim of a Property Crime

1 in

in E 62nd St / Madison Ave

1 in

in Manhattan

1 in 74

in New York State

New York Property CRIMES

Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

United States Property CRIMES

Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

Crimes Per Square Mile

200 150 100 50 0
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36
National Median: 26.9
    E 62nd St / Madison Ave
    New York
    New York

Neighborhood Public School Data

Analytics built by:   Location, Inc.

Raw data sources:
  • Test Scores: Edfacts (U.S. Department of Education), State departments of education.
  • Expenditures: National Center for Education Statistics.
  • Educational Environment: American Community Survey (U.S. Census Bureau).
Date(s) & Update Frequency:
  • Due to Covid-19, complete standardized testing did not take place during the 2020-2021 academic school year. Test data: Reflects 2018 – 2019 school year.
  • Expenditures: 2019
  • Educational Environment: 2020 (latest available). Updated annually.
  • All data updated June 2022

Methodology:   Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data

School Rating Information

 

School Quality

(100 is best)

Better than of U.S. schools.

Neighborhood School Quality Rating

Rates the quality of all K-12 public schools that your children would be exposed to if you lived in this neighborhood. Info

There are no schools physically located in this neighborhood.

Neighborhood Educational Environment

Adults In Neighborhood With College Degree Or Higher
Children In The Neighborhood Living In Poverty

This neighborhood is served by 7 districts:

NEW YORK CITY GEOGRAPHIC DISTRICT # 2


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY GEOGRAPHIC DISTRICT #21


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY GEOGRAPHIC DISTRICT #15


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY GEOGRAPHIC DISTRICT # 6


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY GEOGRAPHIC DISTRICT # 5


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY GEOGRAPHIC DISTRICT #16


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

(10 is best)

Better than of NY school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT

SEE ALL SCHOOLS

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

NEW YORK CITY DEPARTMENT OF EDUCATION


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New York

No Data

(10 is best)

Better than ×% of NY school districts.

District Quality Compared to U.S. info

No Data

(10 is best)

Better than ×% of US school districts.

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
Other
Total Support
Non-instructional Expenditures
Total Expenditures

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