Real Estate Prices and Overview
Melrose median real estate prices are $433,930, which is more expensive than 68.3% of the neighborhoods
in New York and 89.6% of the
neighborhoods in the U.S.
Average rental prices in Melrose are currently
$894, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 66.4% of New York neighborhoods.
Melrose is a densely urban neighborhood (based on population
density) located in Bronx, New York.
Melrose 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 Melrose neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 11.3% in
Melrose. NeighborhoodScout analysis shows that this rate is lower
than 40.0% of the neighborhoods in the nation, approximately
near the middle range for vacancies.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or
three. But households in the Melrose neighborhood buck
76.9% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
99.8% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Melrose neighborhood has more
Dominican and Puerto Rican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 18.2% of
this neighborhood's residents have Dominican ancestry and 27.1% have Puerto Rican ancestry.
Melrose is also pretty special linguistically. Significantly, 3.5% of its residents five years old and above primarily
speak African languages at home. While this may seem like a small percentage, it is higher
than 98.0% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
Our research revealed that more commuters here take the bus to work
(33.6% ride the bus) than 99.3% 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
Also, if you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 41.4% of the
Melrose neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.3% of America's
Notable & Unique: Real Estate
The Melrose neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 50,264 persons per square mile in the neighborhood, it is more packed with people than 98.6% of the nation's neighborhoods.
In addition, the real estate in the Melrose 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, 86.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.1% of American neighborhoods.
Furthermore, 89.4% of the real estate in the Melrose neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Melrose neighborhood. A whopping 50.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.3% of the neighborhoods in the U.S. Everything here just feels new.
Finally, the Melrose 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 83.4% 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.
Notable & Unique: People
Whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the Melrose neighborhood has more single mother
households than 97.5% of the neighborhoods in the U.S.
Often high concentrations of single mother homes can be a strong indicator
of family and social issues such as poverty, high rates of school dropouts,
crime, and other societal problems.
Notable & Unique: Length of Commute
Regardless of the means by which residents commute, this neighborhood has
a length of commute that is notable.
Long commutes can be brutal. They take time, money, and energy, leaving less
of you for yourself and your family. The residents of the
Melrose neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
8.6% of commuters here travel more than one hour just one-way
to work. That is more than two hours per day. This percentage with two-hour +
round-trip commutes is higher than NeighborhoodScout found in 95.9%
of all neighborhoods in America.
The Neighbors: Income
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 Melrose neighborhood in Bronx are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 87.0% of U.S. neighborhoods.
With 20.8% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 59.6%
of U.S. neighborhoods.
The Neighbors: Occupations
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 Melrose neighborhood, 33.0%
of the working population is employed in clerical, assistant, and tech support 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 25.4% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(21.6%), and 20.0% in manufacturing and laborer occupations.
The Neighbors: 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 Melrose neighborhood in Bronx, NY, residents
most commonly identify their ethnicity or ancestry as Puerto Rican
(27.1%). There are also a number of people of Dominican ancestry (18.2%) , and residents who report Sub-Saharan African roots (6.8%) , and some of the residents are also of African ancestry (6.2%) , along with some Mexican ancestry residents (4.8%), among others. In addition, 28.0% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Melrose
neighborhood is Spanish, spoken by 57.5% of households. Other important languages spoken here include English, African languages, French and Korean.
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 Melrose neighborhood spend
between 30 and 45 minutes commuting one-way to work (39.7% of working
residents), which is at or a bit above the average length of a commute across all U.S.
neighborhoods. However, there is also a significant group of residents (8.6%) who
commute over an hour in each direction.
Here most residents (41.4%) take the train to get to work.
In addition, quite a number also ride the bus to get to work (33.6%) and 10.4% of residents also drive alone in a private automobile for their daily commute. This neighborhood is distinguished by the high number of residents who take
the train to work each day, which can be a very good way to get to work at
a lower cost and with less pollution.