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Real Estate Prices & Overview

Germantown Penn Knox median real estate price is $293,131, which is more expensive than 52.8% of the neighborhoods in Pennsylvania and 38.0% of the neighborhoods in the U.S.

The average rental price in Germantown Penn Knox is currently $1,322, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.2% of Pennsylvania neighborhoods.

Germantown Penn Knox is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Germantown Penn Knox real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes 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 Germantown Penn Knox 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.

Germantown Penn Knox has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.5% 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.

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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.3% of U.S. neighborhoods.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.7% of residents in the Germantown Penn Knox neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Real Estate

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 Germantown Penn Knox neighborhood could be your paradise. With 46.6% 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 1.3% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Germantown Penn Knox neighborhood is among the top 5% of American neighborhoods in terms of walkability.

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 Germantown Penn Knox neighborhood has a highly unusual pattern of car ownership. 23.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.1% of U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Germantown Penn Knox neighborhood about it; they already know. 17.9% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.5% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Germantown Penn Knox neighborhood stands out for having an average per capita income lower than 95.2% of the neighborhoods in the United States.

Diversity

Did you know that the Germantown Penn Knox neighborhood has more African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.6% of this neighborhood's residents have African ancestry.

The Neighbors

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 Germantown Penn Knox neighborhood in Philadelphia are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.2% of U.S. neighborhoods. With 21.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.4% 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 Germantown Penn Knox neighborhood, 42.6% 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 29.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.4%), and 8.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Germantown Penn Knox neighborhood is English, spoken by 95.3% of households. Some people also speak Spanish (2.4%).

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 Germantown Penn Knox neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.6%). There are also a number of people of African ancestry (9.6%), and residents who report English roots (8.1%), and some of the residents are also of German ancestry (5.8%), along with some Irish ancestry residents (3.8%), among others.

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 Germantown Penn Knox neighborhood spend between 15 and 30 minutes commuting one-way to work (32.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (27.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.2%) and 12.3% 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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