Penn's Common / Southeast Reading median real estate price is $148,561, which is less expensive than 85.9% of Pennsylvania neighborhoods and 88.8% of all U.S. neighborhoods.
The average rental price in Penn's Common / Southeast Reading is currently $1,233, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.1% of Pennsylvania neighborhoods.
Penn's Common / Southeast Reading is a densely urban neighborhood (based on population density) located in Reading, Pennsylvania.
Penn's Common / Southeast Reading 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 Penn's Common / Southeast Reading 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in Penn's Common / Southeast Reading. The current real estate vacancy rate here is 20.9%. This is higher than the rate of vacancies in 88.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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 Reading, the Penn's Common / Southeast Reading neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
More people work in manufacturing and as laborers here in the Penn's Common / Southeast Reading neighborhood than in 99.9% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the Penn's Common / Southeast Reading neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 95.7% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
The Penn's Common / Southeast Reading neighborhood stands out for having an average per capita income lower than 99.5% of the neighborhoods in the United States. Also of note, 75.8% 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.
In addition, penn's Common / Southeast Reading has the amazing distinction of housing more same sex couples living together than 98.8% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Also, the Penn's Common / Southeast Reading neighborhood stands out within Pennsylvania for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.2% of college-friendly places to live in PA.
The Penn's Common / Southeast Reading neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 40,606 persons per square mile in the neighborhood, it is more packed with people than 98.0% 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 Penn's Common / Southeast Reading neighborhood is one of the most walkable neighborhoods in America.
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Penn's Common / Southeast Reading neighborhood could be your paradise. With 33.5% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Furthermore, 86.7% of the real estate in the Penn's Common / Southeast Reading neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Did you know that the Penn's Common / Southeast Reading neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.5% of this neighborhood's residents have Puerto Rican ancestry and 7.6% have Dominican ancestry.
Penn's Common / Southeast Reading is also pretty special linguistically. Significantly, 12.4% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 98.7% 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 Penn's Common / Southeast Reading neighborhood in Reading are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.5% of U.S. neighborhoods. With 75.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.1% 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 Penn's Common / Southeast Reading neighborhood, 61.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 18.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (12.9%), and 3.9% in farming, forestry, or commercial fishing.
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 Penn's Common / Southeast Reading neighborhood is English, spoken by 56.9% of households. Other important languages spoken here include Spanish, Italian and Polish.
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 Penn's Common / Southeast Reading neighborhood in Reading, PA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (30.5%). There are also a number of people of Mexican ancestry (14.0%), and residents who report German roots (13.9%), and some of the residents are also of Irish ancestry (9.8%), along with some Dominican ancestry residents (7.6%), among others. In addition, 33.2% of the residents of this neighborhood were born in another country.
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 Penn's Common / Southeast Reading neighborhood spend between 15 and 30 minutes commuting one-way to work (66.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (67.7%) 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 (17.2%) and 7.0% of residents also ride the bus 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.
