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Real Estate Prices & Overview

Monsey Northeast median real estate price is $1,395,722, which is more expensive than 82.3% of the neighborhoods in New York and 93.8% of the neighborhoods in the U.S.

The average rental price in Monsey Northeast is currently $3,451, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.5% of the neighborhoods in New York.

Monsey Northeast is a densely urban neighborhood (based on population density) located in Monsey, New York.

Monsey Northeast real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Monsey Northeast neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Monsey Northeast are 4.7%, which is lower than one will find in 67.6% of American neighborhoods. Demand for real estate in Monsey Northeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

In the Monsey Northeast neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 34.3% of commuters carpool here, which is more than in 99.4% of all U.S. neighborhoods.

People

NeighborhoodScout's exclusive research revealed that 95.4% of the adult residents in the Monsey Northeast neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.6% of the neighborhoods in America.

In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Monsey Northeast neighborhood may actually hold the key. 71.3% of its residents are married, which is a higher percentage than is found in 97.2% of the neighborhoods in America.

Also, of note, 55.0% 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.

Real Estate

One way that the Monsey Northeast neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 96.7% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, if you like crowded places, then you will probably enjoy the the Monsey Northeast neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,469 people per square mile living here.

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 Monsey Northeast neighborhood have a highly unusual car ownership. 22.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.7% of U.S. neighborhoods.

Diversity

Did you know that the Monsey Northeast neighborhood has more Hungarian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.3% of this neighborhood's residents have Hungarian ancestry and 3.4% have Romanian ancestry.

Monsey Northeast is also pretty special linguistically. Significantly, 86.0% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 100.0% of all U.S. neighborhoods.

The Neighbors

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 Monsey Northeast neighborhood in Monsey are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.2% of U.S. neighborhoods. With 55.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.8% 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 Monsey Northeast neighborhood, 46.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.9%), and 12.4% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Monsey Northeast neighborhood is German/Yiddish, spoken by 86.0% of households. Some people also speak English (10.1%).

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 Monsey Northeast neighborhood in Monsey, NY, residents most commonly identify their ethnicity or ancestry as Hungarian (29.3%). There are also a number of people of Romanian ancestry (3.4%), and residents who report Lithuanian roots (2.7%), and some of the residents are also of Polish ancestry (2.6%).

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 Monsey Northeast neighborhood spend between 15 and 30 minutes commuting one-way to work (35.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (40.8%) 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 (34.3%) and 7.1% of residents also hop out the door and walk to work 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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