Elder Ave / Watson Ave median real estate price is $958,419, which is more expensive than 72.5% of the neighborhoods in New York and 89.8% of the neighborhoods in the U.S.
The average rental price in Elder Ave / Watson Ave is currently $2,855, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.4% of New York neighborhoods.
Elder Ave / Watson Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
Elder 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 Elder Ave / Watson Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Elder Ave / Watson Ave has a 11.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
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 131,234 people per square mile, it is more densely populated than 99.9% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Elder Ave / Watson Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, 88.8% of the real estate in the Elder Ave / Watson Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In the Elder Ave / Watson Ave neighborhood, 44.8% 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 99.1% of the neighborhoods in America.
Also, our research revealed that more commuters here take the bus to work (17.6% ride the bus) than 98.1% 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.
American households most often have a car, and regularly they have two or three. But households in the Elder Ave / Watson Ave neighborhood buck this trend. 56.0% 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.
The Elder Ave / Watson Ave neighborhood has a greater percentage of children living in poverty (54.6%) than found in 95.5% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Did you know that the Elder Ave / Watson Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.0% of this neighborhood's residents have Dominican ancestry and 13.1% have Puerto Rican ancestry.
Elder Ave / Watson Ave is also pretty special linguistically. Significantly, 7.3% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.
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 Elder Ave / Watson Ave neighborhood has a greater percentage of residents born in another country (44.6%) than are found in 96.0% 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 Elder 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 94.6% of U.S. neighborhoods. With 54.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.5% 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 Elder Ave / Watson Ave neighborhood, 30.7% 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 manufacturing and laborer occupations, with 29.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (28.6%), and 11.5% in executive, management, and professional occupations.
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 Elder Ave / Watson Ave neighborhood is Spanish, spoken by 58.2% of households. Other important languages spoken here include English, French and Arabic.
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 Elder Ave / Watson Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (25.0%). There are also a number of people of Puerto Rican ancestry (13.1%), and residents who report Mexican roots (9.7%), and some of the residents are also of Sub-Saharan African ancestry (9.7%), along with some South American ancestry residents (6.3%), among others. In addition, 44.6% 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 Elder Ave / Watson Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (47.1% of working residents), longer and tougher than most commutes in America.
Here most residents (44.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (22.9%) and 17.6% of residents also ride the bus 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.