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Real Estate Prices & Overview

Median real estate price in the Borough Center of Edgewood is $358,724, which is more expensive than 65.2% of the neighborhoods in Pennsylvania and 48.4% of the neighborhoods in the U.S.

The average rental price in Edgewood Borough Center is currently $1,471, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.9% of Pennsylvania neighborhoods.

Edgewood Borough Center is an urban neighborhood (based on population density) located in Edgewood, Pennsylvania.

Real estate in the Borough Center of Edgewood, PA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Borough Center 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 1940 and 1969.

Real estate vacancies in Edgewood Borough Center are 3.9%, which is lower than one will find in 74.3% of American neighborhoods. Demand for real estate in Edgewood Borough Center 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

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.

People

Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 45.3% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 98.5% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Edgewood Borough Center neighborhood: a neighborhood in which more "urban sophisticates" live than 95.1% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (11.3% ride the bus) than 95.6% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.2% of the residential real estate in the Edgewood Borough Center neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Edgewood Borough Center neighborhood has more Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Hungarian ancestry.

Edgewood Borough Center is also pretty special linguistically. Significantly, 1.5% 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 98.5% of the neighborhoods in America.

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 Borough Center neighborhood in Edgewood are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.6% of the neighborhoods in America. In addition, 4.2% 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 67.1% of America'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 Edgewood Borough Center neighborhood, 68.5% 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 12.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.5%), and 7.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Edgewood Borough Center neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (2.5%).

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 Borough Center neighborhood in Edgewood, PA, residents most commonly identify their ethnicity or ancestry as German (16.6%). There are also a number of people of Irish ancestry (15.3%), and residents who report Italian roots (13.5%), and some of the residents are also of English ancestry (11.9%), along with some Asian ancestry residents (6.0%), among others.

Getting to Work

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 Edgewood Borough Center neighborhood spend between 15 and 30 minutes commuting one-way to work (46.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (61.1%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (11.3%) and 6.1% 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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