Chelsea Northeast median real estate price is $1,990,683, which is more expensive than 94.4% of the neighborhoods in New York and 98.4% of the neighborhoods in the U.S.
The average rental price in Chelsea Northeast is currently $6,448, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.2% of the neighborhoods in New York.
Chelsea Northeast is a densely urban neighborhood (based on population density) located in New York, New York.
Chelsea Northeast real estate is primarily made up of small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Chelsea Northeast neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Chelsea Northeast. The current real estate vacancy rate here is 17.9%. This is higher than the rate of vacancies in 83.6% 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.
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 Chelsea Northeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Chelsea Northeast neighborhood has a highly unusual pattern of car ownership. 88.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 100.0% of U.S. neighborhoods.
Real Estate
The Chelsea Northeast neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 100.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, one of the really unique and interesting things about the look and setting of the Chelsea Northeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.7% 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 99.8% of all neighborhoods in America.
Furthermore, 99.8% of the real estate in the Chelsea Northeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Chelsea Northeast neighborhood. A whopping 88.3% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.6% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
Finally, the Chelsea Northeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 38,307 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 48.0% of the Chelsea Northeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.3% of America's neighborhoods.
Also, more people in Chelsea Northeast choose to walk to work each day (18.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
People
One of the most interesting things about the Chelsea Northeast neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 56.9% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.2% of the neighborhoods in America.
In addition, if you're looking for an active nightlife with lots of opportunities to flirt and find romance, then you probably won't have to go too far from the Chelsea Northeast neighborhood to find it. Only 4.8% of the neighborhoods in the country have a larger proportion of young, single professionals. The nightlife may not be reminiscent of a "Sex and the City" episode, but the people who live here find friendship, romance, fun, and socializing readily available.
Occupations
The Chelsea Northeast neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.3% of the neighborhoods in America. In fact, 73.9% 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.
Diversity
Did you know that the Chelsea Northeast neighborhood has more Eastern European and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Eastern European ancestry and 4.6% have Arab ancestry.
Chelsea Northeast is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 98.8% 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 Chelsea Northeast neighborhood in New York are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 74.2% of the neighborhoods in America. With 46.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.5% of U.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 Chelsea Northeast neighborhood, 73.9% 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 13.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.1%), and 2.9% 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 Chelsea Northeast neighborhood is English, spoken by 68.6% of households. Other important languages spoken here include Chinese, Spanish and Korean.
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 Chelsea Northeast neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Asian (32.4%). There are also a number of people of Eastern European ancestry (5.3%), and residents who report Irish roots (5.2%), and some of the residents are also of Arab ancestry (4.6%), along with some Sub-Saharan African ancestry residents (3.7%), among others. In addition, 35.9% of the residents of this neighborhood were born in another country.
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 Chelsea Northeast neighborhood spend between 15 and 30 minutes commuting one-way to work (46.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (48.0%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (18.2%) and 7.1% of residents also ride the bus for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
