Fordham Northwest median real estate price is $365,488, which is less expensive than 68.9% of New York neighborhoods and 49.5% of all U.S. neighborhoods.
The average rental price in Fordham Northwest is currently $3,153, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.3% of New York neighborhoods.
Fordham Northwest is a densely urban neighborhood (based on population density) located in Bronx, New York.
Fordham Northwest 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 Fordham Northwest 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 Fordham Northwest are 3.5%, which is lower than one will find in 76.7% of American neighborhoods. Demand for real estate in Fordham Northwest 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.
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
One of the really unique and interesting things about the look and setting of the Fordham Northwest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.2% 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 99.7% of all neighborhoods in America.
In addition, 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 76,121 people per square mile, it is more densely populated than 99.3% 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 Fordham Northwest neighborhood is one of the most walkable neighborhoods in America.
Furthermore, 99.5% of the real estate in the Fordham Northwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Fordham Northwest neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 54.5% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.0% of the neighborhoods in the United States.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 52.6% of the Fordham Northwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (13.5% ride the bus) than 96.7% 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 consider.
Finally, more people in Fordham Northwest choose to walk to work each day (11.7%) 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.
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 Fordham Northwest neighborhood has a highly unusual pattern of car ownership. 67.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.
People
The Fordham Northwest neighborhood stands out for having an average per capita income lower than 98.0% of the neighborhoods in the United States.
In addition, astoundingly, the Fordham Northwest neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 96.4% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Bronx neighborhood.
Diversity
Did you know that the Fordham Northwest neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 40.8% of this neighborhood's residents have Dominican ancestry and 12.1% have Puerto Rican ancestry.
Fordham Northwest is also pretty special linguistically. Significantly, 76.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.3% of all U.S. neighborhoods.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Fordham Northwest neighborhood has a greater percentage of residents born in another country (46.8%) than are found in 96.7% of all U.S. neighborhoods.
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 Fordham Northwest 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 98.0% 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 90.0% 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 Fordham Northwest neighborhood, 31.0% 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 30.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.0%), and 17.0% in executive, management, and professional occupations.
Languages
The most common language spoken in the Fordham Northwest neighborhood is Spanish, spoken by 76.9% of households. Some people also speak English (21.6%).
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 Fordham Northwest neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (40.8%). There are also a number of people of Mexican ancestry (22.1%), and residents who report Puerto Rican roots (12.1%), and some of the residents are also of South American ancestry (5.5%), along with some Haitian ancestry residents (1.7%), among others. In addition, 46.8% of the residents of this neighborhood were born in another country.
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 Fordham Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (45.3% of working residents), longer and tougher than most commutes in America.
Here most residents (52.6%) take the train to get to work. In addition, quite a number also ride the bus to get to work (13.5%) and 11.7% 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.
