Paladino Ave / E 120th St median real estate price is $937,598, which is more expensive than 71.6% of the neighborhoods in New York and 89.4% of the neighborhoods in the U.S.
The average rental price in Paladino Ave / E 120th St is currently $1,934, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.8% of New York neighborhoods.
Paladino Ave / E 120th St is a densely urban neighborhood (based on population density) located in New York, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Paladino Ave / E 120th St 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Paladino Ave / E 120th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
Home and apartment vacancy rates are 7.6% in Paladino Ave / E 120th St. NeighborhoodScout analysis shows that this rate is lower than 50.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Paladino Ave / E 120th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
The Paladino Ave / E 120th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 54,174 persons per square mile in the neighborhood, it is more packed with people than 98.6% of the nation's neighborhoods. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Paladino Ave / E 120th St neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Paladino Ave / E 120th St is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, renter-occupied real estate is dominant in the Paladino Ave / E 120th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 99.5%, which is higher than 99.2% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the Paladino Ave / E 120th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 95.1% 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 99.0% of all neighborhoods in America.
Also of note, the Paladino Ave / E 120th St 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 83.3% 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.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 65.0% of the Paladino Ave / E 120th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.9% of America's neighborhoods.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Paladino Ave / E 120th St neighborhood have a highly unusual car ownership. 77.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.
People
The Paladino Ave / E 120th St neighborhood stands out for having an average per capita income lower than 99.7% of the neighborhoods in the United States. Also of note, 61.0% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, single parenting is hard. But you don't have to tell the Paladino Ave / E 120th St neighborhood about it; they already know. 22.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.0% 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.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Paladino Ave / E 120th St neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.8% of all American neighborhoods.
Diversity
Did you know that the Paladino Ave / E 120th St neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.1% of this neighborhood's residents have Puerto Rican ancestry and 8.2% have Dominican ancestry.
Paladino Ave / E 120th St is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 95.2% 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 Paladino Ave / E 120th St neighborhood in New York are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.7% of U.S. neighborhoods. With 61.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.1% 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 Paladino Ave / E 120th St neighborhood, 39.0% 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 manufacturing and laborer occupations, with 25.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.6%), and 14.9% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Paladino Ave / E 120th St neighborhood is English, spoken by 61.7% of households. Some people also speak Spanish (35.8%).
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 Paladino Ave / E 120th St neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (28.1%). There are also a number of people of Dominican ancestry (8.2%), and residents who report Russian roots (2.1%). In addition, 13.0% 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 Paladino Ave / E 120th St neighborhood spend between 45 minutes and one hour commuting one-way to work (51.1% of working residents), longer and tougher than most commutes in America.
Here most residents (65.0%) 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 (10.3%) and 6.4% 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.
