East Madison median real estate price is $87,879, which is less expensive than 97.9% of Florida neighborhoods and 96.1% of all U.S. neighborhoods.
The average rental price in East Madison is currently $1,622, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.0% of Florida neighborhoods.
East Madison is a suburban neighborhood (based on population density) located in New Port Richey, Florida.
East Madison real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) mobile homes 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 East Madison neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
East Madison has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.3% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (7.3%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.
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 Port Richey, the East Madison neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The real estate in this neighborhood consists of more mobile homes than 97.3% of all neighborhoods in America, with 37.6% of the occupied housing here being classified as mobile homes. So if you are looking for a mobile home, or you like the look and feel of mobile home parks, this neighborhood might have the setting you desire.
In addition, the East Madison 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 83.5% 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.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the East Madison stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.2% of the residential real estate here was built in this one time period.
Did you know that the East Madison neighborhood has more Portuguese and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.8% of this neighborhood's residents have Portuguese ancestry and 0.7% have Armenian ancestry.
East Madison is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.7% of the neighborhoods in America.
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 East Madison neighborhood in New Port Richey are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 87.9% of U.S. neighborhoods. With 48.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.6% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the East Madison neighborhood, 29.7% 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 25.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.5%), and 21.9% in manufacturing and laborer occupations.
The most common language spoken in the East Madison neighborhood is English, spoken by 91.5% of households. Some people also speak Spanish (6.1%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the East Madison neighborhood in New Port Richey, FL, residents most commonly identify their ethnicity or ancestry as English (12.7%). There are also a number of people of German ancestry (12.6%), and residents who report Irish roots (11.4%), and some of the residents are also of Italian ancestry (8.6%), along with some Mexican ancestry residents (3.7%), 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 East Madison neighborhood spend under 15 minutes commuting one-way to work (40.4% of working residents), one of the shortest commutes across America.
Here most residents (82.2%) 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 (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.