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Real Estate Prices & Overview

Midtown West median real estate price is $1,949,414, which is more expensive than 93.4% of the neighborhoods in New York and 98.2% of the neighborhoods in the U.S.

The average rental price in Midtown West is currently $6,810, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.9% of the neighborhoods in New York.

Midtown West is a densely urban neighborhood (based on population density) located in New York, New York.

Midtown West 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 renter occupied. Many of the residences in the Midtown West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Midtown West has a 12.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are 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 Midtown West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Midtown West neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, one of the most interesting things about the Midtown West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 63.4% 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 99.3% of the neighborhoods in America.

Also, the rate of college educated adults in the Midtown West neighborhood is a unique characteristic of the neighborhood. 84.8% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.0% of all U.S. neighborhoods.

Finally, 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 Midtown West neighborhood to find it. Only 4.3% 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. In addition to being an excellent choice for young, single professionals, this neighborhood is also a very good choice for urban sophisticates.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Midtown West neighborhood buck this trend. 85.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.

Real Estate

The Midtown West 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 97.5% 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, the real estate in the Midtown West neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 97.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.

Furthermore, 99.5% of the real estate in the Midtown West neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Also of note, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 69,234 people per square mile, it is more densely populated than 99.1% of America's neighborhoods.

Finally, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Midtown West neighborhood. A whopping 81.7% 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 97.7% 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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 30.5% of the Midtown West neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.2% of America's neighborhoods.

Also, in the Midtown West 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 18.1% of residents here. This is a higher proportion of walking commuters than we found in 97.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Finally, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Midtown West neighborhood is a fantastic option for bicycle commuters, as 4.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.8% of the neighborhoods in America.

Diversity

Did you know that the Midtown West neighborhood has more Greek and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.9% of this neighborhood's residents have Greek ancestry and 2.1% have Eastern European ancestry.

Midtown West is also pretty special linguistically. Significantly, 1.3% 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 98.1% of the neighborhoods in America.

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 Midtown West 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 81.5% 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 Midtown West neighborhood, 68.9% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.0%), and 4.4% in government jobs, whether they are in local, state, or federal positions.

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 Midtown West neighborhood is English, spoken by 72.1% of households. Other important languages spoken here include Spanish, Chinese, Langs. of India and African languages.

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 Midtown West neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Asian (19.3%). There are also a number of people of Italian ancestry (13.0%), and residents who report Polish roots (9.8%), and some of the residents are also of Irish ancestry (8.2%), along with some English ancestry residents (7.8%), among others. In addition, 38.0% 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 Midtown West neighborhood spend between 15 and 30 minutes commuting one-way to work (50.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (30.5%) 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 (18.1%) and 8.3% 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.


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