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Real Estate Prices & Overview

South Beach median real estate price is $680,756, which is more expensive than 52.2% of the neighborhoods in New York and 78.6% of the neighborhoods in the U.S.

The average rental price in South Beach is currently $3,743, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.5% of the neighborhoods in New York.

South Beach is an 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).

South Beach real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the South Beach 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.

In South Beach, the current vacancy rate is 0.6%, which is a lower rate of vacancies than 92.8% of all neighborhoods in the U.S. This means that the housing supply in South Beach is very tight compared to the demand for property here.

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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The South Beach neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, South Beach 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, if you love row houses and attached homes, you will probably really like the South Beach 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.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 3.6% of the South Beach neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.7% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 97.1% of U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The South Beach neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the South Beach neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.2% 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 NeighborhoodScout found in 96.6% of all neighborhoods in America.

Diversity

Did you know that the South Beach neighborhood has more Russian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.8% of this neighborhood's residents have Russian ancestry and 4.0% have Ukrainian ancestry.

South Beach is also pretty special linguistically. Significantly, 4.9% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the South Beach neighborhood has a greater percentage of residents born in another country (48.2%) than are found in 97.2% 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 South Beach neighborhood in Staten Island are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.8% of the neighborhoods in America. In addition, 2.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 73.8% of America'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 South Beach neighborhood, 35.4% 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 24.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.8%), and 15.9% in manufacturing and laborer occupations.

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 South Beach neighborhood is English, spoken by 40.4% of households. Other important languages spoken here include Chinese, Italian, Arabic and Polish.

Ethnicity / Ancestry

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 South Beach neighborhood in Staten Island, NY, residents most commonly identify their ethnicity or ancestry as Russian (16.8%). There are also a number of people of Asian ancestry (14.6%), and residents who report Italian roots (11.4%), and some of the residents are also of Puerto Rican ancestry (10.4%), along with some Mexican ancestry residents (4.3%), among others. In addition, 48.2% 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 South Beach neighborhood spend between 45 minutes and one hour commuting one-way to work (27.5% of working residents), longer and tougher than most commutes in America.

Here most residents (60.2%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.4%) and 8.3% 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.


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