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Real Estate Prices & Overview

Holmesburg West median real estate price is $241,624, which is more expensive than 40.4% of the neighborhoods in Pennsylvania and 29.0% of the neighborhoods in the U.S.

The average rental price in Holmesburg West is currently $1,866, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.6% of Pennsylvania neighborhoods.

Holmesburg West is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Holmesburg West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Holmesburg West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 9.5% in Holmesburg West. NeighborhoodScout analysis shows that this rate is lower than 40.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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.

Real Estate

If you love row houses and attached homes, you will probably really like the Holmesburg West 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, 60.0% of the residential real estate here is classified as row houses and attached homes.

People

For many reasons, Holmesburg West is rated by NeighborhoodScout as one of the top 1.8% 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.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Holmesburg West neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 12.8% of its workforce, this neighborhood has a greater concentration of government workers than 95.2% of U.S. neighborhoods.

Diversity

Did you know that the Holmesburg West neighborhood has more Arab and Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.7% of this neighborhood's residents have Arab ancestry and 25.4% have Irish ancestry.

Holmesburg West is also pretty special linguistically. Significantly, 6.6% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

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 Holmesburg West neighborhood in Philadelphia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 62.6% of the neighborhoods in America. With 15.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.3% 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 Holmesburg West neighborhood, 32.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.7%), and 22.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Holmesburg West neighborhood is English, spoken by 79.1% of households. Other important languages spoken here include Polish and Spanish.

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 Holmesburg West neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Irish (25.4%). There are also a number of people of German ancestry (15.1%), and residents who report Puerto Rican roots (13.3%), and some of the residents are also of Jamaican ancestry (5.9%), along with some Italian ancestry residents (5.9%), among others. In addition, 14.3% of the residents of this neighborhood were born in another country.

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 Holmesburg West neighborhood spend between 30 and 45 minutes commuting one-way to work (31.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (73.5%) 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 (8.9%) and 5.5% of residents also take the train 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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