Real Estate Prices and Overview
Prospect Ave / Garden St median real estate prices are $496,538, which is more expensive than 76.9% of the neighborhoods
in New York and 92.3% of the
neighborhoods in the U.S.
Average rental prices in Prospect Ave / Garden St are currently
$792, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 65.6% 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
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 Bronx,
the Prospect Ave / Garden St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
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. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Prospect Ave / Garden St neighborhood is one of the most walkable neighborhoods in America.
In addition, renter-occupied real estate is dominant in the Prospect Ave / Garden St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.5%, which is higher than 98.7% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the Prospect Ave / Garden St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 90.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.6% of all neighborhoods in America.
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
Whether by choice, divorce, or unplanned pregnancy, single moms may have
the toughest job in the book. NeighborhoodScout's exclusive analysis reveals
that the Prospect Ave / Garden St neighborhood has more single mother
households than 98.8% 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.
In addition, one of the unique characteristics of the Prospect Ave / Garden St
neighborhood revealed by analysis is that the per capita income of
residents here is lower than that found in 97.2% of the neighborhoods
Also of note, 63.9% of the children in this area
live in poverty; an extraordinarily high percentage compared to other
neighborhoods in the nation. In a nation where approximately one in
four children grows up in poverty, this neighborhood stands out for
the depth of the problem manifested here.
Notable & Unique: Modes of Transportation
In the Prospect Ave / Garden St neighborhood, 36.4% of people
ride the train to work each day. This is a very high percentage compared
to most places. In fact, NeighborhoodScout's analysis reveals that this
is a higher level of train ridership than in 98.0% of the
neighborhoods in America.
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
There are more people living in the Prospect Ave / Garden St neighborhood
employed as sales and service workers (56.3%) than almost any neighborhood
in the country. From fast-food service workers to major sales accounts,
sales and service workers make up the largest proportion of our national
employment picture. But despite that size and importance nationally, this
neighborhood still stands out as unique due to the dominance of people
living here who work in such occupations.
The Neighbors: Income
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 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
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 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
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 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.