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Real Estate Prices & Overview

Pratt-Willert median real estate price is $254,299, which is less expensive than 79.5% of New York neighborhoods and 70.5% of all U.S. neighborhoods.

The average rental price in Pratt-Willert is currently $565, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 100.0% of New York neighborhoods.

Pratt-Willert is an urban neighborhood (based on population density) located in Buffalo, New York.

Pratt-Willert 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Pratt-Willert 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 Pratt-Willert. The current real estate vacancy rate here is 36.6%. This is higher than the rate of vacancies in 97.1% 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.

Notable & Unique Neighborhood Characteristics

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 Buffalo, the Pratt-Willert neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

One of the unique characteristics of the Pratt-Willert neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.9% of the neighborhoods in America. The Pratt-Willert neighborhood also has a greater percentage of children living in poverty (84.6%) than found in 99.6% 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.

In addition, single parenting is hard. But you don't have to tell the Pratt-Willert neighborhood about it; they already know. 21.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.7% 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.

Also, the Pratt-Willert neighborhood is unique for having just 6.7% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.0% of America's neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Pratt-Willert neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.8% of all American neighborhoods.

Furthermore, the Pratt-Willert neighborhood has a greater proportion of government workers living in it than 96.2% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Pratt-Willert neighborhood buck this trend. 45.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (15.9% ride the bus) than 97.8% 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.

Also, a unique way of commuting is simply not to. And in the Pratt-Willert neighborhood, analysis shows that 33.3% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.8% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Real Estate

Renter-occupied real estate is dominant in the Pratt-Willert neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 83.8%, which is higher than 95.0% 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. Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 36.6% of the residential real estate vacant, the Pratt-Willert neighborhood claims the distinction of having a higher vacancy rate than 97.1% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Diversity

Did you know that the Pratt-Willert neighborhood has more Puerto Rican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.9% of this neighborhood's residents have Puerto Rican ancestry and 5.7% have African ancestry.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Pratt-Willert neighborhood. In the Pratt-Willert neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.5% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Pratt-Willert neighborhood in Buffalo are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.9% of U.S. neighborhoods. With 84.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Pratt-Willert neighborhood, 55.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.6% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (13.8%), and 11.8% in executive, management, and professional occupations.

Languages

The most common language spoken in the Pratt-Willert neighborhood is English, spoken by 70.9% of households. Some people also speak Spanish (25.0%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Pratt-Willert neighborhood in Buffalo, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (25.9%). There are also a number of people of Sub-Saharan African ancestry (9.6%), and residents who report African roots (5.7%), and some of the residents are also of German ancestry (1.2%), along with some English ancestry residents (1.2%), 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 Pratt-Willert neighborhood spend between 15 and 30 minutes commuting one-way to work (61.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (40.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (15.9%) and 6.9% 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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