Real Estate Prices and Overview
N Terrace Ave / Bronx St median real estate prices are $384,137, which is more expensive than 57.1% of the neighborhoods
in New York and 86.1% of the
neighborhoods in the U.S.
Average rental prices in N Terrace Ave / Bronx St are currently
$1,262, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.6%
of the neighborhoods in New York.
N Terrace Ave / Bronx St is a densely urban neighborhood (based on population
density) located in Mount Vernon, New York.
N Terrace Ave / Bronx St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments.
Most of the residential real estate is renter occupied. Many of
the residences in the N Terrace Ave / Bronx 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.
N Terrace Ave / Bronx St has a 14.1% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
70.6% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
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 Mount Vernon,
the N Terrace Ave / Bronx St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the N Terrace Ave / Bronx St neighborhood has more
Brazilian and West Indian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 11.6% of
this neighborhood's residents have Brazilian ancestry and 0.6% have West Indian ancestry.
N Terrace Ave / Bronx St is also pretty special linguistically. Significantly, 15.5% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 99.8% of the neighborhoods in America.
Notable & Unique: Real Estate
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 N Terrace Ave / Bronx St neighborhood is one of the most walkable neighborhoods in America.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The N Terrace Ave / Bronx St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 39.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.2% of America's neighborhoods.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
What is interesting to note, is that the N Terrace Ave / Bronx St
neighborhood has a greater percentage of residents born in another country
(42.8%) than are found in 95.4% of all U.S. 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 N Terrace Ave / Bronx St neighborhood in Mount Vernon are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 48.1% of the neighborhoods in America.
With 33.7% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 77.7%
of U.S. neighborhoods.
The Neighbors: Occupations
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 shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the N Terrace Ave / Bronx St neighborhood, 35.1%
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 29.0% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(18.2%), and 17.7% in executive, management, and professional 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 N Terrace Ave / Bronx St neighborhood in Mount Vernon, NY, residents
most commonly identify their ethnicity or ancestry as Brazilian
(11.6%). There are also a number of people of Mexican ancestry (10.7%) , and residents who report Italian roots (7.8%) , and some of the residents are also of Jamaican ancestry (7.4%) , along with some Dominican ancestry residents (5.3%), among others. In addition, 42.8% 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 N Terrace Ave / Bronx St
neighborhood is English, spoken by 47.5% of households. Other important languages spoken here include Spanish and Portuguese.
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 N Terrace Ave / Bronx St neighborhood spend
between 15 and 30 minutes commuting one-way to work (43.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (57.5%) drive alone in a private automobile to get to work.
In addition, quite a number also take the train to get to work (11.5%) and 11.2% of residents also hop out the door and walk to work 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.