Penn Estates median real estate price is $278,833, which is more expensive than 50.0% of the neighborhoods in Pennsylvania and 35.8% of the neighborhoods in the U.S.
The average rental price in Penn Estates is currently $3,709, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.0% of the neighborhoods in Pennsylvania.
Penn Estates is a suburban neighborhood (based on population density) located in East Stroudsburg, Pennsylvania.
Penn Estates real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Penn Estates 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.
Vacant apartments or homes are a major fact of life in Penn Estates. The current real estate vacancy rate here is 33.7%. This is higher than the rate of vacancies in 96.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (27.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, 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 East Stroudsburg, the Penn Estates neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Penn Estates 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 Penn Estates neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 18.3% 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 99.3% of all neighborhoods in America.
People
For many reasons, Penn Estates is rated by NeighborhoodScout as one of the top 2.0% of ideal neighborhoods for first-time home buyers in the state of Pennsylvania. Homes here are priced below median housing values in the state, yet the neighborhood has a track record according to NeighborhoodScout's exclusive neighborhood home appreciation rates of above average real estate appreciation over the last five years compared to other PA neighborhoods, protecting your investment in your first home, while simultaneously making it less risky for your lender. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population according exclusive data, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for families with school-aged children.
Real Estate
Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Penn Estates neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.9% of all American neighborhoods.
In addition, owner-occupied real estate dominates the Penn Estates neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 96.0% of neighborhoods in America. Despite all of the residential real estate here in the Penn Estates neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 33.7%, which is higher than 96.0% of all U.S. neighborhoods.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Penn Estates stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.0% of the residential real estate here was built in this one time period.
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 Penn Estates neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 33.7% of the households here have four, five, or more cars. That is more cars per household than in 95.3% of the neighborhoods in the nation.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (10.5% ride the bus) than 95.0% 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.
Diversity
Did you know that the Penn Estates neighborhood has more Puerto Rican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.6% of this neighborhood's residents have Puerto Rican ancestry and 7.7% have South American ancestry.
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 Estates neighborhood in East Stroudsburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 68.2% of the neighborhoods in America. With 24.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.3% 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 Penn Estates neighborhood, 38.1% 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 22.3% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.9%), and 18.7% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Penn Estates neighborhood is English, spoken by 78.7% of households. Some people also speak Spanish (19.3%).
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 Estates neighborhood in East Stroudsburg, PA, residents most commonly identify their ethnicity or ancestry as Irish (18.7%). There are also a number of people of Puerto Rican ancestry (15.6%), and residents who report Italian roots (13.2%), and some of the residents are also of South American ancestry (7.7%), along with some Sub-Saharan African ancestry residents (7.2%), among others. In addition, 14.0% 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 Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (40.9% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (18.3%) who commute over an hour in each direction.
Here most residents (58.2%) 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 (21.0%) and 10.5% 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.
