Penn's Common / Southeast Reading median real estate price is $164,514, which is less expensive than 80.2% of Pennsylvania neighborhoods and 85.4% of all U.S. neighborhoods.
The average rental price in Penn's Common / Southeast Reading is currently $1,273, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 79.4% of Pennsylvania neighborhoods.
Penn's Common / Southeast Reading is a densely urban neighborhood (based on population density) located in Reading, Pennsylvania.
Penn's Common / Southeast Reading 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Penn's Common / Southeast Reading 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 Penn's Common / Southeast Reading. The current real estate vacancy rate here is 17.8%. This is higher than the rate of vacancies in 83.5% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Occupations
More people work in manufacturing and as laborers here in the Penn's Common / Southeast Reading neighborhood than in 99.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Furthermore, it used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Penn's Common / Southeast Reading neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 5.3% of the workforce so employed, this neighborhood has a greater concentration of such workers than 97.2% of U.S. neighborhoods.
People
One of the unique characteristics of the Penn's Common / Southeast Reading neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.5% of the neighborhoods in America. The Penn's Common / Southeast Reading neighborhood also has a greater percentage of children living in poverty (66.7%) than found in 98.1% 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.
In addition, penn's Common / Southeast Reading has the amazing distinction of housing more same sex couples living together than 98.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, the Penn's Common / Southeast Reading neighborhood stands out within Pennsylvania for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.5% of college-friendly places to live in PA.
Real Estate
The Penn's Common / Southeast Reading neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,606 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Penn's Common / Southeast Reading neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, if you love row houses and attached homes, you will probably really like the Penn's Common / Southeast Reading neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 34.5% of the residential real estate here is classified as row houses and attached homes.
Furthermore, renter-occupied real estate is dominant in the Penn's Common / Southeast Reading neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.4%, which is higher than 95.5% 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.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 97.4% of U.S. neighborhoods.
Diversity
Did you know that the Penn's Common / Southeast Reading neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.3% of this neighborhood's residents have Puerto Rican ancestry and 5.0% have Dominican ancestry.
Penn's Common / Southeast Reading is also pretty special linguistically. Significantly, 12.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 98.7% 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 Penn's Common / Southeast Reading neighborhood in Reading are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. With 66.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% 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 Penn's Common / Southeast Reading neighborhood, 62.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 16.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.4%), and 5.3% in farming, forestry, or commercial fishing.
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 Penn's Common / Southeast Reading neighborhood is English, spoken by 61.9% of households. Other important languages spoken here include Spanish, Italian and Polish.
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 Penn's Common / Southeast Reading neighborhood in Reading, PA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (31.3%). There are also a number of people of Mexican ancestry (14.2%), and residents who report German roots (13.6%), and some of the residents are also of Irish ancestry (10.8%), along with some Italian ancestry residents (10.8%), among others. In addition, 25.6% 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 Penn's Common / Southeast Reading neighborhood spend between 15 and 30 minutes commuting one-way to work (67.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (66.8%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.4%) and 11.2% 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.
