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Real Estate Prices & Overview

Holyoke Southeast median real estate price is $356,447, which is less expensive than 91.5% of Massachusetts neighborhoods and 52.2% of all U.S. neighborhoods.

The average rental price in Holyoke Southeast is currently $1,490, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.6% of Massachusetts neighborhoods.

Holyoke Southeast is an urban neighborhood (based on population density) located in Holyoke, Massachusetts.

Holyoke Southeast real estate is primarily made up of medium sized (three or four bedroom) to 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 Holyoke Southeast 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 Holyoke Southeast. The current real estate vacancy rate here is 15.6%. This is higher than the rate of vacancies in 80.3% 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

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 Holyoke, the Holyoke Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Single parenting is hard. But you don't have to tell the Holyoke Southeast neighborhood about it; they already know. 39.1% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.9% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Holyoke Southeast neighborhood stands out for having an average per capita income lower than 99.3% of the neighborhoods in the United States. The Holyoke Southeast neighborhood also has a greater percentage of children living in poverty (82.2%) than found in 99.5% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Also, the Holyoke Southeast neighborhood is unique for having just 3.1% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 98.3% of America's neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (21.5% ride the bus) than 99.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

Renter-occupied real estate is dominant in the Holyoke Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 96.6%, which is higher than 98.4% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

In addition, the real estate in the Holyoke Southeast 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, 83.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.2% of American neighborhoods.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.2% of the residential real estate in the Holyoke Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Holyoke Southeast neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.2% of all American neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Holyoke Southeast neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 64.9% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Holyoke Southeast neighborhood has more Puerto Rican and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 78.8% of this neighborhood's residents have Puerto Rican ancestry and 1.6% have Lithuanian ancestry.

Holyoke Southeast is also pretty special linguistically. Significantly, 61.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.1% of all U.S. neighborhoods.

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 Holyoke Southeast neighborhood in Holyoke are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.3% of U.S. neighborhoods. With 82.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.5% 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 Holyoke Southeast neighborhood, 43.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.3%), and 7.7% in executive, management, and professional occupations.

Languages

The most common language spoken in the Holyoke Southeast neighborhood is Spanish, spoken by 61.5% of households. Some people also speak English (38.5%).

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 Holyoke Southeast neighborhood in Holyoke, MA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (78.8%). There are also a number of people of Mexican ancestry (2.4%), and residents who report Irish roots (2.0%), and some of the residents are also of Lithuanian ancestry (1.6%).

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 Holyoke Southeast neighborhood spend under 15 minutes commuting one-way to work (64.9% of working residents), one of the shortest commutes across America.

Here most residents (62.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (21.5%) . 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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