Chelsea Southwest median real estate price is $1,342,230, which is more expensive than 83.3% of the neighborhoods in New York and 94.5% of the neighborhoods in the U.S.
The average rental price in Chelsea Southwest is currently $4,435, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.3% of the neighborhoods in New York.
Chelsea Southwest is a densely urban neighborhood (based on population density) located in New York, New York.
Chelsea Southwest 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 Chelsea Southwest 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.
Chelsea Southwest has a 9.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Chelsea Southwest neighborhood has a highly unusual pattern of car ownership. 83.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.9% of U.S. neighborhoods.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 54.7% of the Chelsea Southwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.
Also, more people in Chelsea Southwest choose to walk to work each day (16.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
The real estate in the Chelsea Southwest neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 97.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.
In addition, the Chelsea Southwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,300 persons per square mile in the neighborhood, it is more packed with people than 98.7% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Chelsea Southwest neighborhood is one of the most walkable neighborhoods in America.
Furthermore, the Chelsea Southwest 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 86.1% 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.
Also of note, 83.9% of the real estate in the Chelsea Southwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
People
The Chelsea Southwest neighborhood has a greater percentage of children living in poverty (69.2%) than found in 98.4% 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, one of the most interesting things about the Chelsea Southwest neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 53.7% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.3% of the neighborhoods in America.
Diversity
Did you know that the Chelsea Southwest neighborhood has more Brazilian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Brazilian ancestry and 1.7% have Romanian ancestry.
Chelsea Southwest is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.6% 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 Chelsea Southwest neighborhood in New York are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.7% of the neighborhoods in America. With 69.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.4% 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 Chelsea Southwest neighborhood, 63.4% 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 20.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.1%), and 4.3% in government jobs, whether they are in local, state, or federal positions.
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 Chelsea Southwest neighborhood is English, spoken by 65.7% of households. Other important languages spoken here include Spanish and Chinese.
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 Chelsea Southwest neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (15.2%). There are also a number of people of Asian ancestry (12.9%), and residents who report Irish roots (11.6%), and some of the residents are also of Dominican ancestry (5.8%), along with some Italian ancestry residents (5.2%), among others. In addition, 22.2% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Chelsea Southwest neighborhood spend between 30 and 45 minutes commuting one-way to work (47.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (54.7%) 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 (16.8%) and 5.7% of residents also carpool with coworkers, friends, or neighbors 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.
