Investor Questions For Hilton NY
Common questions from investors exploring commercial real estate in Hilton NY.
What's the overall investment outlook for Hilton, NY, considering its demographics and economy?
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Hilton, NY's stable economy, with a median household income of $58,292 and a relatively low poverty rate of 9.3%, combined with its diverse population, including a significant White and White Non-Hispanic presence, suggests a favorable investment environment. The city's low foreign born rate of 2.5% and high health insurance coverage of 97.0% also indicate a stable and secure community. Additionally, the top industries, such as Manufacturing and Professional, Scientific, & Management, & Administrative & Waste Management Services, provide a solid foundation for employment and economic growth.
How does the local housing market in Hilton, NY, impact real estate investment decisions?
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The housing market in Hilton, NY, characterized by a median property value of $120,900 and a homeownership rate of 66.2%, presents opportunities for investors. The relatively low median property taxes of $1,546 and the stable commute time of 27.2 minutes, with a high percentage of residents driving alone or carpooling, contribute to an attractive quality of life. Furthermore, the city's income inequality, as measured by the GINI coefficient of 0.325, and the poverty rate of 9.3%, suggest a working-class market with employment stability.
What role do commute times and health insurance coverage play in assessing the stability of the Hilton, NY, market?
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The average commute time of 27.2 minutes in Hilton, NY, and the high health insurance coverage rate of 97.0%, indicate a stable and secure community, which is attractive to investors. The commute time, combined with the top commute methods, such as driving alone or carpooling, suggests a well-planned infrastructure, while the high health insurance coverage rate implies a population with access to quality healthcare, reducing potential investment risks. Additionally, the city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant and stable community.
How do the top industries in Hilton, NY, influence the local real estate market and investment opportunities?
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The top industries in Hilton, NY, including Manufacturing, Professional, Scientific, & Management, & Administrative & Waste Management Services, and Public Administration, drive the local economy and impact the real estate market. These industries provide a stable source of employment, with 2,995 employed individuals, and contribute to the city's relatively low poverty rate of 9.3%. The presence of these industries, combined with the city's median household income of $58,292 and high health insurance coverage rate of 97.0%, creates a favorable environment for real estate investment, with a strong demand for housing and a low risk of market fluctuations.
What are the implications of Hilton, NY's, demographic characteristics, such as age and ethnicity, for real estate investors?
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Hilton, NY's, demographic characteristics, including a median age of 42.2 and a diverse population with a significant White and White Non-Hispanic presence, have important implications for real estate investors. The city's relatively low foreign born rate of 2.5% and high health insurance coverage rate of 97.0% suggest a stable and secure community, while the top industries and median household income of $58,292 contribute to a strong economy. Additionally, the city's ethnic diversity and age distribution, with a mix of young and old residents, create a vibrant and dynamic community, attractive to investors looking for a stable and growing market.
Hilton NY Real Estate & City Facts
Key facts and real estate information about Hilton NY.
What are some of the best neighborhoods to live in Hilton?
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Some of the best neighborhoods to live in Hilton include Peck Road, which is a peaceful and family-friendly neighborhood with beautiful surroundings, including a creek and parks. Other neighborhoods like North Gates, East Rochester, Irondequoit, Greece, Penfield, Henrietta, and Webster are also popular options.
What are some fun things to do in Hilton?
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There are plenty of fun things to do in Hilton, such as visiting Zarpentine Farms, Grace & Truth Sports Park, Lake Ontario Winery, Parma Town Hall Park, and Manitou Beach Preserve. You can also attend events like the Hilton Apple Fest, or visit attractions like the Imaginarium, Braided Acres, and the Rochester area's many parks and nature reserves.
What is the food scene like in Hilton?
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The food scene in Hilton is a delightful blend of culinary experiences, with restaurants like Mulconry's Irish Pub and Restaurant, Blue Barn Cidery, Milling Station Tap and Table, and Fosters Restaurant offering a range of options from casual to elegant. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Hilton?
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The pros of living in Hilton include its peaceful and family-friendly neighborhoods, beautiful surroundings, and plenty of outdoor activities to enjoy. However, some cons include the limited number of restaurants and shops in the immediate area, and the need to travel to nearby cities for more entertainment and employment opportunities.
Is Hilton a good place to live?
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Overall, Hilton is a great place to live for those who value a peaceful and family-friendly community with plenty of outdoor activities to enjoy. While it may not have all the amenities of a larger city, its proximity to Rochester and other nearby cities makes it an attractive option for those who want to balance small-town charm with access to bigger city amenities.