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Bronx, NY (Grand Concourse / E 203rd St)







Real Estate Prices & Overview

Grand Concourse / E 203rd St median real estate price is $677,895, which is more expensive than 51.2% of the neighborhoods in New York and 65.0% of the neighborhoods in the U.S.

The average rental price in Grand Concourse / E 203rd St is currently $3,048, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.1% of New York neighborhoods.

Grand Concourse / E 203rd St is a densely urban neighborhood (based on population density) located in Bronx, New York.

Grand Concourse / E 203rd 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Grand Concourse / E 203rd 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.

Home and apartment vacancy rates are 8.9% in Grand Concourse / E 203rd St. NeighborhoodScout analysis shows that this rate is lower than 43.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 get around.

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 116,249 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 Grand Concourse / E 203rd St neighborhood is one of the most walkable neighborhoods in America.

In addition, the real estate in the Grand Concourse / E 203rd 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, 87.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.8% of American neighborhoods.

Furthermore, renter-occupied real estate is dominant in the Grand Concourse / E 203rd St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.0%, which is higher than 96.5% 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.

Also of note, the Grand Concourse / E 203rd 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 86.0% 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.

Finally, 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 69.3% of the residential real estate in the Grand Concourse / E 203rd St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

In the Grand Concourse / E 203rd St neighborhood, 56.2% 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 99.7% 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 Grand Concourse / E 203rd St neighborhood buck this trend. 50.6% 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.

Diversity

Did you know that the Grand Concourse / E 203rd St neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.6% of this neighborhood's residents have Dominican ancestry and 12.8% have Puerto Rican ancestry.

Grand Concourse / E 203rd St is also pretty special linguistically. Significantly, 66.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.9% of all U.S. neighborhoods.

The Neighbors

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 Grand Concourse / E 203rd St neighborhood in Bronx are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.8% of U.S. neighborhoods. With 37.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.7% of U.S. neighborhoods.

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 Grand Concourse / E 203rd St neighborhood, 33.3% 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 executive, management, and professional occupations, with 27.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.2%), and 13.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Grand Concourse / E 203rd St neighborhood is Spanish, spoken by 66.6% of households. Some people also speak English (23.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Grand Concourse / E 203rd St neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (41.6%). There are also a number of people of Mexican ancestry (13.7%), and residents who report Puerto Rican roots (12.8%), and some of the residents are also of South American ancestry (3.4%), along with some Asian ancestry residents (2.6%), among others. In addition, 39.7% 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 Grand Concourse / E 203rd St neighborhood spend between 45 minutes and one hour commuting one-way to work (57.0% of working residents), longer and tougher than most commutes in America.

Here most residents (56.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (15.1%) and 6.0% 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.


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