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Real Estate Prices & Overview

Port Richmond East median real estate price is $525,481, which is more expensive than 39.9% of the neighborhoods in New York and 67.1% of the neighborhoods in the U.S.

The average rental price in Port Richmond East is currently $3,782, based on Ä¢¹½ÊÓÆµ's exclusive analysis. The average rental cost in this neighborhood is higher than 72.3% of the neighborhoods in New York.

Port Richmond East is a densely urban neighborhood (based on population density) located in Staten Island, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Port Richmond East 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 Port Richmond East 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 2000 and the present.

Vacant apartments or homes are a major fact of life in Port Richmond East. The current real estate vacancy rate here is 19.5%. This is higher than the rate of vacancies in 87.0% 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

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 Ä¢¹½ÊÓÆµ's exclusive exploration and analysis.

Real Estate

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 Port Richmond East neighborhood is among the top 5% of American neighborhoods in terms of walkability. Port Richmond East is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Port Richmond East 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, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Port Richmond East neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 39.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.0% of America's neighborhoods.

Modes of Transportation

In the Port Richmond East neighborhood, 5.8% of people ride a ferry to work each day. This is a very high percentage compared to most places. In fact, Ä¢¹½ÊÓÆµ's analysis reveals that this is a higher level of ferry ridership than in 99.9% of the neighborhoods in America.

Also, in the Port Richmond East neighborhood, carpooling is still a popular way to get to and from work. Ä¢¹½ÊÓÆµ's analysis reveals that 29.7% of commuters carpool here, which is more than in 98.7% of all U.S. neighborhoods.

People

Of note, 62.1% 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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Port Richmond East neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.6% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than Ä¢¹½ÊÓÆµ found in 97.0% of all neighborhoods in America.

Diversity

Did you know that the Port Richmond East neighborhood has more Dominican and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.9% of this neighborhood's residents have Dominican ancestry and 5.0% have Jamaican ancestry.

Port Richmond East is also pretty special linguistically. Significantly, 5.4% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 95.5% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. Ä¢¹½ÊÓÆµ's research has revealed some interesting things about the rootedness of people in the Port Richmond East neighborhood. More residents of the Port Richmond East neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.3% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the Port Richmond East neighborhood has a greater percentage of residents born in another country (45.4%) than are found in 96.1% of all U.S. neighborhoods.

The Neighbors

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 Port Richmond East neighborhood in Staten Island are low income, making it among the lowest income neighborhoods in America. Ä¢¹½ÊÓÆµ's research shows that this neighborhood has an income lower than 89.5% of U.S. neighborhoods. With 62.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% 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 Port Richmond East neighborhood, 30.0% 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 24.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (23.3%), and 21.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Port Richmond East neighborhood is Spanish, spoken by 49.0% of households. Other important languages spoken here include English and Chinese.

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 Port Richmond East neighborhood in Staten Island, NY, residents most commonly identify their ethnicity or ancestry as Mexican (29.0%). There are also a number of people of Dominican ancestry (19.9%), and residents who report Asian roots (5.4%), and some of the residents are also of Jamaican ancestry (5.0%), along with some Sub-Saharan African ancestry residents (4.6%), among others. In addition, 45.4% 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 Port Richmond East neighborhood spend between 45 minutes and one hour commuting one-way to work (37.5% of working residents), longer and tougher than most commutes in America.

Here most residents (44.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (29.7%) and 8.7% of residents also take the train 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.


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