E 158th St / Melrose Ave median real estate price is $222,822, which is less expensive than 82.3% of New York neighborhoods and 74.7% of all U.S. neighborhoods.
The average rental price in E 158th St / Melrose Ave is currently $3,108, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.8% of New York neighborhoods.
E 158th St / Melrose Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
E 158th St / Melrose 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 E 158th St / Melrose Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
In E 158th St / Melrose Ave, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.2% of all neighborhoods in the U.S. This means that the housing supply in E 158th St / Melrose Ave 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 95,951 people per square mile, it is more densely populated than 99.6% of America's neighborhoods.
In addition, renter-occupied real estate is dominant in the E 158th St / Melrose Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.3%, which is higher than 98.1% 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.
Furthermore, the real estate in the E 158th St / Melrose 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, 78.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.4% of American neighborhoods.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.5% of U.S. neighborhoods.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 40.5% of the E 158th St / Melrose Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.8% of America's neighborhoods.
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 E 158th St / Melrose Ave neighborhood have a highly unusual car ownership. 53.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. 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 E 158th St / Melrose 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 E 158th St / Melrose Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.3% 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 97.4% of all neighborhoods in America.
People
One of the unique characteristics of the E 158th St / Melrose Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 96.8% of the neighborhoods in America.
In addition, neighborhoodScout's analysis shows that the E 158th St / Melrose Ave neighborhood has a greater concentration of residents currently enrolled in college than 96.2% of the neighborhoods in the U.S. With 12.6% of the population here attending college, this is very much a college-focused neighborhood.
Diversity
Did you know that the E 158th St / Melrose Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.4% of this neighborhood's residents have Dominican ancestry and 24.9% have Puerto Rican ancestry.
E 158th St / Melrose Ave is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.7% 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 E 158th St / Melrose 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 96.8% of U.S. neighborhoods. With 45.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.2% 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 E 158th St / Melrose Ave 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 manufacturing and laborer occupations, with 24.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.1%), and 20.3% in executive, management, and professional 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 E 158th St / Melrose Ave neighborhood is Spanish, spoken by 57.0% of households. Other important languages spoken here include English and African languages.
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 E 158th St / Melrose Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (24.9%). There are also a number of people of Dominican ancestry (17.4%), and residents who report Mexican roots (12.7%), and some of the residents are also of South American ancestry (8.4%), along with some Sub-Saharan African ancestry residents (4.5%), among others. In addition, 25.9% 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 E 158th St / Melrose Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (39.7% of working residents), longer and tougher than most commutes in America.
Here most residents (40.5%) take the train to get to work. In addition, quite a number also ride the bus to get to work (27.9%) and 19.3% 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.
