116th Ave N / 115th Ave N median real estate price is $192,896, which is less expensive than 87.7% of Florida neighborhoods and 79.7% of all U.S. neighborhoods.
The average rental price in 116th Ave N / 115th Ave N is currently $2,938, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.9% of the neighborhoods in Florida.
116th Ave N / 115th Ave N is an urban neighborhood (based on population density) located in St. Petersburg, Florida.
116th Ave N / 115th Ave N 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the 116th Ave N / 115th Ave N 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.
116th Ave N / 115th Ave N has a 14.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 75.6% 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.
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 St. Petersburg, the 116th Ave N / 115th Ave N neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
The 116th Ave N / 115th Ave N neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.7% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, the real estate in the 116th Ave N / 115th Ave N neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 80.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.7% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the 116th Ave N / 115th Ave N neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.2%, which is higher than 96.6% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, most neighborhoods are composed of a mixture of ages of homes, but the 116th Ave N / 115th Ave N 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, 83.5% of the residential real estate here was built in this one time period.
People
116th Ave N / 115th Ave N has the amazing distinction of housing more same sex couples living together than 98.1% 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.
In addition, the 116th Ave N / 115th Ave N neighborhood has a greater percentage of children living in poverty (61.1%) than found in 97.1% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Occupations
With 1.6% of employed workers living in the 116th Ave N / 115th Ave N neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.3% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Diversity
Did you know that the 116th Ave N / 115th Ave N neighborhood has more Yugoslav and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.6% of this neighborhood's residents have Yugoslav ancestry and 2.8% have Cuban ancestry.
116th Ave N / 115th Ave N is also pretty special linguistically. Significantly, 6.3% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the 116th Ave N / 115th Ave N neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 116th Ave N / 115th Ave N neighborhood in St. Petersburg are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.2% of U.S. neighborhoods. With 61.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.1% 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 116th Ave N / 115th Ave N neighborhood, 46.4% 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 30.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.3%), and 9.6% in manufacturing and laborer occupations.
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 116th Ave N / 115th Ave N neighborhood is English, spoken by 81.6% of households. Other important languages spoken here include Spanish, Langs. of India and French.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the 116th Ave N / 115th Ave N neighborhood in St. Petersburg, FL, residents most commonly identify their ethnicity or ancestry as German (14.4%). There are also a number of people of Irish ancestry (9.6%), and residents who report Italian roots (8.3%), and some of the residents are also of English ancestry (5.8%), along with some South American ancestry residents (5.6%), among others. In addition, 13.2% of the residents of this neighborhood were born in another country.
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 116th Ave N / 115th Ave N neighborhood spend between 15 and 30 minutes commuting one-way to work (51.8% 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 (6.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
