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Real Estate Prices & Overview

University Heights Southwest median real estate price is $1,235,769, which is more expensive than 85.9% of the neighborhoods in New York and 95.6% of the neighborhoods in the U.S.

The average rental price in University Heights Southwest is currently $2,727, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.2% of New York neighborhoods.

University Heights Southwest is a densely urban neighborhood (based on population density) located in Bronx, New York.

University Heights Southwest 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the University Heights Southwest 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.

In University Heights Southwest, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.5% of all neighborhoods in the U.S. This means that the housing supply in University Heights Southwest is very tight compared to the demand for property here.

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 University Heights Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 98,191 people per square mile, it is more densely populated than 99.6% 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 University Heights Southwest neighborhood is one of the most walkable neighborhoods in America.

In addition, 97.2% of the real estate in the University Heights Southwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, one of the really unique and interesting things about the look and setting of the University Heights Southwest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 89.7% 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 98.2% of all neighborhoods in America.

Also of note, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 57.0% of the residential real estate in the University Heights Southwest neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the University Heights Southwest neighborhood has a highly unusual pattern of car ownership. 49.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.

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 University Heights Southwest neighborhood has more single mother households than 98.5% 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.

In addition, the University Heights Southwest neighborhood stands out for having an average per capita income lower than 95.1% of the neighborhoods in the United States.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 98.3% of U.S. neighborhoods.

Also, in the University Heights Southwest neighborhood, 30.8% 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 98.2% of the neighborhoods in America.

Diversity

Did you know that the University Heights Southwest neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 46.9% of this neighborhood's residents have Dominican ancestry and 19.0% have Puerto Rican ancestry.

University Heights Southwest is also pretty special linguistically. Significantly, 4.2% 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 98.2% of the neighborhoods in America.

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. More residents of the University Heights Southwest neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.5% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the University Heights Southwest neighborhood has a greater percentage of residents born in another country (44.0%) than are found in 95.7% of all U.S. neighborhoods.

The Neighbors

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 University Heights Southwest 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 95.1% of U.S. neighborhoods. With 41.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.1% of U.S. neighborhoods.

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 University Heights Southwest neighborhood, 37.5% 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 35.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.8%), and 11.7% in manufacturing and laborer occupations.

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 University Heights Southwest neighborhood is Spanish, spoken by 70.8% of households. Other important languages spoken here include English and African languages.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the University Heights Southwest neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (46.9%). There are also a number of people of Puerto Rican ancestry (19.0%), and residents who report Mexican roots (5.9%), and some of the residents are also of Sub-Saharan African ancestry (5.1%), along with some African ancestry residents (2.5%), among others. In addition, 44.0% of the residents of this neighborhood were born in another country.

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 University Heights Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (51.5% of working residents), longer and tougher than most commutes in America.

Here most residents (36.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (30.8%) and 18.6% of residents also ride the bus 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.


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