Bronx Park South median real estate price is $580,698, which is more expensive than 47.8% of the neighborhoods in New York and 76.0% of the neighborhoods in the U.S.
The average rental price in Bronx Park South is currently $3,287, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.4% of the neighborhoods in New York.
Bronx Park South is a remote neighborhood (based on population density) located in Bronx, New York.
Bronx Park South real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Bronx Park South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
In Bronx Park South, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Bronx Park South is very tight compared to the demand for property here.
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 get around.
Real Estate
Renter-occupied real estate is dominant in the Bronx Park South neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% 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. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Bronx Park South neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, one way that the Bronx Park South neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 100.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Bronx Park South stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 100.0% of the residential real estate here was built in this one time period.
Also of note, the real estate in the Bronx Park South 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, 100.0% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.9% of American neighborhoods.
People
Of note is NeighborhoodScout's research finding that the Bronx Park South neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Bronx Park South community truly stands out from the rest in this regard.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Bronx Park South neighborhood has more single mother households than 100.0% 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.
Also, neighborhoodScout's exclusive research revealed that 96.7% of the adult residents in the Bronx Park South neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 98.2% of the neighborhoods in America.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Bronx Park South neighborhood buck this trend. 100.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 100.0% of U.S. neighborhoods.
Modes of Transportation
In the Bronx Park South neighborhood, 70.0% 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 100.0% of the neighborhoods in America.
Also, in the Bronx Park South neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 30.0% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 96.9% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Occupations
More people work in manufacturing and as laborers here in the Bronx Park South neighborhood than in 99.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Diversity
Did you know that the Bronx Park South neighborhood has more Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 46.1% of this neighborhood's residents have Sub-Saharan African ancestry.
Bronx Park South is also pretty special linguistically. Significantly, 2.6% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 97.6% of the neighborhoods in America.
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 Bronx Park South 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 100.0% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Bronx Park South neighborhood, 60.0% of the working population is employed in manufacturing and laborer 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 20.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.0%), and 10.0% in executive, management, and professional occupations.
Languages
The most common language spoken in the Bronx Park South neighborhood is English, spoken by 97.4% of households. Some people also speak German/Yiddish (2.6%).
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 Bronx Park South neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (46.1%). There are also a number of people of Puerto Rican ancestry (5.3%), and residents who report German roots (2.6%), and some of the residents are also of Irish ancestry (2.6%).
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 Bronx Park South neighborhood spend between 45 minutes and one hour commuting one-way to work (100.0% of working residents), longer and tougher than most commutes in America.
Here most residents (70.0%) take the train to get to work. 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.
