Norwood Northeast median real estate price is $627,073, which is more expensive than 47.9% of the neighborhoods in New York and 76.5% of the neighborhoods in the U.S.
The average rental price in Norwood Northeast is currently $2,937, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.4% of New York neighborhoods.
Norwood Northeast is a densely urban neighborhood (based on population density) located in Bronx, New York.
Norwood Northeast 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 Norwood Northeast 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 Norwood Northeast, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.5% of all neighborhoods in the U.S. This means that the housing supply in Norwood Northeast 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
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 130,393 people per square mile, it is more densely populated than 99.9% 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 Norwood Northeast neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the Norwood Northeast 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, 95.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.
Furthermore, 98.8% of the real estate in the Norwood Northeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, the Norwood Northeast 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 84.7% 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.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Norwood Northeast neighborhood have a highly unusual car ownership. 62.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.3% of U.S. neighborhoods.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 43.5% of the Norwood Northeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.0% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 95.3% of U.S. neighborhoods.
Occupations
There are more people living in the Norwood Northeast neighborhood employed as sales and service workers (55.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Norwood Northeast neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.4% 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 95.9% of all neighborhoods in America.
Diversity
Did you know that the Norwood Northeast neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 36.0% of this neighborhood's residents have Dominican ancestry and 14.2% have Puerto Rican ancestry.
Norwood Northeast is also pretty special linguistically. Significantly, 3.6% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 95.7% of the neighborhoods in America.
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. More residents of the Norwood Northeast neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.3% 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 Norwood Northeast neighborhood has a greater percentage of residents born in another country (59.5%) than are found in 99.2% 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 Norwood Northeast 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 90.6% of U.S. neighborhoods. With 32.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.3% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Norwood Northeast neighborhood, 44.7% 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 clerical, assistant, and tech support occupations, with 22.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (16.9%), and 16.4% 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 Norwood Northeast neighborhood is Spanish, spoken by 57.4% of households. Other important languages spoken here include English and Langs. of India.
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 Norwood Northeast neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (36.0%). There are also a number of people of Asian ancestry (15.2%), and residents who report Puerto Rican roots (14.2%), and some of the residents are also of Mexican ancestry (5.9%), along with some Sub-Saharan African ancestry residents (4.4%), among others. In addition, 59.5% of the residents of this neighborhood were born in another country.
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 Norwood Northeast neighborhood spend between 30 and 45 minutes commuting one-way to work (39.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (10.4%) who commute over an hour in each direction.
Here most residents (43.5%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.1%) and 16.8% 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.
