Real Estate Prices and Overview
Prospect Ave / Garden St median real estate prices are $496,538, which is more expensive than 76.4% of the neighborhoods
in New York and 92.2% of the
neighborhoods in the U.S.
Average rental prices in Prospect Ave / Garden St are currently
$870, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 68.2% of New York neighborhoods.
Prospect Ave / Garden St is a densely urban neighborhood (based on population
density) located in Bronx, New York.
Prospect Ave / Garden St 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 Prospect Ave / Garden St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Prospect Ave / Garden St are 7.2%,
which is lower than one will find in 62.5% of American
neighborhoods. Demand for real estate in Prospect Ave / Garden St
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
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
Notable & Unique: Real Estate
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 115,557 people per square mile, it is more densely populated than 99.8% of America's neighborhoods. Even if you drive or take transit to your place of employment, many
people enjoy being able to walk in their neighborhood. What many people
don't realize is that most of America's premier vacation locations are
also very walkable. The Prospect Ave / Garden St neighborhood is among
the top 5% of American neighborhoods in terms of walkability.
In addition, 97.5% of the real estate in the Prospect Ave / Garden St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, the real estate in the Prospect Ave / Garden St 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, 90.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.6% of American neighborhoods.
Also of note, the Prospect Ave / Garden St 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 81.6% 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: 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
Prospect Ave / Garden St neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
20.6% 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 99.8%
of all neighborhoods in America.
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the Prospect Ave / Garden St neighborhood have a highly unusual car ownership.
76.0% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
99.7% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Prospect Ave / Garden St neighborhood has more
Puerto Rican and Dominican ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 30.2% of
this neighborhood's residents have Puerto Rican ancestry and 15.4% have Dominican ancestry.
Prospect Ave / Garden St is also pretty special linguistically. Significantly, 2.9% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 97.7% of the neighborhoods in America.
Notable & Unique: People
Single parenting is hard. But you don't have to tell the
Prospect Ave / Garden St neighborhood about it; they already know. 24.0%
of this neighborhood's households are run by single mothers, which is a
higher concentration than NeighborhoodScout found in 98.8%
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.
In addition, the Prospect Ave / Garden St neighborhood stands out for having an
average per capita income lower than 97.2% of the neighborhoods
in the United States.
The Prospect Ave / Garden St neighborhood also has a greater percentage
of children living in poverty (63.9%) than found in
96.5% 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.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 36.4% of the
Prospect Ave / Garden St neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.0% of America's
Also, our research revealed that more commuters here take the bus to work
(21.1% ride the bus) than 97.2% 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
Finally, more people in Prospect Ave / Garden St choose to walk to work each day
(16.8%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the Prospect Ave / Garden St
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 96.4% of all American neighborhoods.
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 Prospect Ave / Garden St 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 97.2% of U.S. neighborhoods.
With 63.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 96.5%
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 Prospect Ave / Garden St neighborhood, 43.7%
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
manufacturing and laborer occupations, with 20.4% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(18.8%), and 17.0% in clerical, assistant, and tech support occupations.
The Neighbors: 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 Prospect Ave / Garden St neighborhood in Bronx, NY, residents
most commonly identify their ethnicity or ancestry as Puerto Rican
(30.2%). There are also a number of people of Dominican ancestry (15.4%) , and residents who report Mexican roots (4.6%) , and some of the residents are also of Sub-Saharan African ancestry (4.4%) , along with some Italian ancestry residents (3.0%), among others. In addition, 28.7% 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 Prospect Ave / Garden St
neighborhood is Spanish, spoken by 49.8% of households. Other important languages spoken here include English and French.
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 Prospect Ave / Garden St neighborhood spend
between 45 minutes and one hour commuting one-way to work (25.8% of working
residents), longer and tougher than most commutes in America.
Here most residents (36.4%) take the train to get to work.
In addition, quite a number also ride the bus to get to work (21.1%) and 16.8% of residents also hop out the door and walk to work 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.