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Real Estate Prices & Overview

Elmwood South median real estate price is $119,530, which is less expensive than 95.6% of New York neighborhoods and 92.5% of all U.S. neighborhoods.

The average rental price in Elmwood South is currently $1,394, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 89.1% of New York neighborhoods.

Elmwood South is a suburban neighborhood (based on population density) located in Syracuse, New York.

Elmwood South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes 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 Elmwood South 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 Elmwood South. The current real estate vacancy rate here is 16.6%. This is higher than the rate of vacancies in 81.4% 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.

Notable & Unique Neighborhood Characteristics

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.

Diversity

Did you know that the Elmwood South neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.9% of this neighborhood's residents have Sub-Saharan African ancestry and 6.1% have African ancestry.

The Neighbors

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 Elmwood South neighborhood in Syracuse are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.4% of U.S. neighborhoods. With 12.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.7% 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 Elmwood South neighborhood, 46.6% 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 24.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.3%), and 7.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Elmwood South neighborhood is English, spoken by 96.9% of households. Some people also speak Italian (2.9%).

Ethnicity / Ancestry

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 Elmwood South neighborhood in Syracuse, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (12.9%). There are also a number of people of Irish ancestry (11.9%), and residents who report English roots (8.9%), and some of the residents are also of Italian ancestry (8.4%), along with some Puerto Rican ancestry residents (6.4%), 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 Elmwood South neighborhood spend under 15 minutes commuting one-way to work (49.4% of working residents), one of the shortest commutes across America.

Here most residents (80.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.0%) . 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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