North Albany - Shaker Park median real estate price is $203,501, which is less expensive than 86.7% of New York neighborhoods and 79.5% of all U.S. neighborhoods.
The average rental price in North Albany - Shaker Park is currently $1,685, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.8% of New York neighborhoods.
North Albany - Shaker Park is a suburban neighborhood (based on population density) located in Albany, New York.
North Albany - Shaker Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the North Albany - Shaker Park 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in North Albany - Shaker Park. The current real estate vacancy rate here is 17.2%. 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 Albany, the North Albany - Shaker Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people ride the bus in this neighborhood each day to get to work than 99.7% of U.S. neighborhoods.
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the North Albany - Shaker Park neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 56.0% of the real estate here is made up of such dwellings, which is higher than 99.0% of all U.S. neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the North Albany - Shaker Park neighborhood buck this trend. 22.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.9% of U.S. neighborhoods.
Did you know that the North Albany - Shaker Park neighborhood has more Jamaican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.0% of this neighborhood's residents have Jamaican ancestry and 10.9% have Puerto Rican ancestry.
North Albany - Shaker Park is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 95.9% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the North Albany - Shaker Park neighborhood in Albany are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.2% of U.S. neighborhoods. With 35.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.4% 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 North Albany - Shaker Park neighborhood, 27.3% 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 27.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.5%), and 19.2% in manufacturing and laborer occupations.
The most common language spoken in the North Albany - Shaker Park neighborhood is English, spoken by 90.3% of households. Some people also speak Spanish (7.9%).
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 North Albany - Shaker Park neighborhood in Albany, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (10.9%). There are also a number of people of Irish ancestry (10.6%), and residents who report Polish roots (9.0%), and some of the residents are also of Sub-Saharan African ancestry (8.4%), along with some Jamaican ancestry residents (7.0%), 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 North Albany - Shaker Park neighborhood spend between 30 and 45 minutes commuting one-way to work (29.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (38.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (29.3%) and 22.2% of residents also carpool with coworkers, friends, or neighbors 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.