Median real estate price in the Town Center of Melville is $1,148,776, which is more expensive than 73.9% of the neighborhoods in New York and 89.9% of the neighborhoods in the U.S.
The average rental price in Melville Town Center is currently $5,471, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.8% of the neighborhoods in New York.
Melville Town Center is a suburban neighborhood (based on population density) located in Melville, New York.
Real estate in the Town Center of Melville, NY is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. 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.
In Melville Town Center, the current vacancy rate is 0.8%, which is a lower rate of vacancies than 91.9% of all neighborhoods in the U.S. This means that the housing supply in Melville Town Center is very tight compared to the demand for property here.
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 Melville, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Melville Town Center neighborhood is wealthier than 96.7% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Melville Town Center also has one of the lowest ratings of child poverty in the nation.
In addition, a majority of the adults in the Melville 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 97.2% 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 and families with school-aged children.
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 Melville Town Center neighborhood, where 36.8% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% 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 95.8% of the neighborhoods in America.
Owner-occupied real estate dominates the Melville Town Center neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 98.9% of neighborhoods in America.
Executives, managers and professionals make up 72.8% of the workforce in the Melville Town Center neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.8% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.8% of the Melville Town Center neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.3% of America's neighborhoods.
Did you know that the Melville Town Center neighborhood has more Greek and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.4% of this neighborhood's residents have Greek ancestry and 5.2% have Eastern European ancestry.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Melville Town Center neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.1% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Melville 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 96.7% 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 old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Melville Town Center neighborhood, 72.8% 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 14.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.5%), and 3.5% in manufacturing and laborer occupations.
The most common language spoken in the Melville Town Center neighborhood is English, spoken by 78.3% of households. Some people also speak Langs. of India (3.0%).
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 Melville, NY, residents most commonly identify their ethnicity or ancestry as Italian (16.2%). There are also a number of people of Greek ancestry (15.4%), and residents who report Irish roots (8.8%), and some of the residents are also of Asian ancestry (8.4%), along with some Russian ancestry residents (8.4%), 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 Melville Town Center neighborhood spend between 15 and 30 minutes commuting one-way to work (33.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (62.9%) 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 (13.1%) and 10.8% of residents also take the train 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.