Morrison Ave / Watson Ave median real estate price is $786,645, which is more expensive than 60.5% of the neighborhoods in New York and 84.1% of the neighborhoods in the U.S.
The average rental price in Morrison Ave / Watson Ave is currently $2,548, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.6% of New York neighborhoods.
Morrison Ave / Watson Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
Morrison Ave / Watson Ave 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Morrison Ave / Watson Ave 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 Morrison Ave / Watson Ave, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.4% of all neighborhoods in the U.S. This means that the housing supply in Morrison Ave / Watson Ave is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
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 71,845 people per square mile, it is more densely populated than 99.2% 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 Morrison Ave / Watson Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the Morrison Ave / Watson Ave 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, 85.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.6% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Morrison Ave / Watson Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.8%, which is higher than 97.5% 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, 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 69.7% of the residential real estate in the Morrison Ave / Watson Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (22.6% ride the bus) than 99.0% 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.
Also, in the Morrison Ave / Watson Ave neighborhood, 41.9% 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 98.9% of the neighborhoods in America.
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 Morrison Ave / Watson Ave neighborhood has a highly unusual pattern of car ownership. 54.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.0% 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 Morrison Ave / Watson Ave neighborhood has more single mother households than 98.2% 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.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Morrison Ave / Watson Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.5% of all American neighborhoods.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Morrison Ave / Watson Ave neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Morrison Ave / Watson Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.7% of all neighborhoods in America.
Diversity
Did you know that the Morrison Ave / Watson Ave neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.2% of this neighborhood's residents have Dominican ancestry and 15.7% have South American ancestry.
Morrison Ave / Watson Ave is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.
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 Morrison Ave / Watson Ave 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 94.4% of U.S. neighborhoods. With 40.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.3% 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 Morrison Ave / Watson Ave neighborhood, 42.0% 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 29.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.8%), and 11.6% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Morrison Ave / Watson Ave neighborhood is Spanish, spoken by 70.0% of households. Some people also speak English (28.4%).
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 Morrison Ave / Watson Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (27.2%). There are also a number of people of Puerto Rican ancestry (18.4%), and residents who report South American roots (15.7%), and some of the residents are also of Mexican ancestry (13.0%), along with some Jamaican ancestry residents (5.2%), among others. In addition, 39.0% 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 Morrison Ave / Watson Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (50.3% of working residents), longer and tougher than most commutes in America.
Here most residents (41.9%) take the train to get to work. In addition, quite a number also ride the bus to get to work (22.6%) and 21.5% of residents also drive alone in a private automobile 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.
