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Real Estate Prices & Overview

Wakefield Southwest median real estate price is $885,690, which is more expensive than 67.3% of the neighborhoods in New York and 87.3% of the neighborhoods in the U.S.

The average rental price in Wakefield Southwest is currently $3,010, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.8% of New York neighborhoods.

Wakefield Southwest is a densely urban neighborhood (based on population density) located in Bronx, New York.

Wakefield Southwest 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 Wakefield Southwest 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 Wakefield Southwest are 5.3%, which is lower than one will find in 64.4% of American neighborhoods. Demand for real estate in Wakefield Southwest 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.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bronx, the Wakefield Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 93,459 people per square mile, it is more densely populated than 99.6% 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 Wakefield Southwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 87.0% of the real estate in the Wakefield Southwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, one of the really unique and interesting things about the look and setting of the Wakefield Southwest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 70.3% 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 95.1% of all neighborhoods in America.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 43.4% of the Wakefield Southwest 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 96.5% of U.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 Wakefield Southwest neighborhood have a highly unusual car ownership. 44.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.

Diversity

Did you know that the Wakefield Southwest neighborhood has more Dominican and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.3% of this neighborhood's residents have Dominican ancestry and 6.5% have Jamaican ancestry.

Wakefield Southwest is also pretty special linguistically. Significantly, 2.3% 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 99.2% of the neighborhoods in America.

The Neighbors

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 Wakefield Southwest 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 93.8% of U.S. neighborhoods. With 32.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.9% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Wakefield Southwest neighborhood, 34.1% 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 23.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.3%), and 20.7% 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 Wakefield Southwest neighborhood is English, spoken by 45.0% of households. Other important languages spoken here include Spanish, Arabic, African languages and Native American languages.

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 Wakefield Southwest neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (24.3%). There are also a number of people of Puerto Rican ancestry (12.4%), and residents who report Sub-Saharan African roots (9.0%), and some of the residents are also of Jamaican ancestry (6.5%), along with some African ancestry residents (6.1%), among others. In addition, 35.6% of the residents of this neighborhood were born in another country.

Getting to Work

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 Wakefield Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (40.4% of working residents), longer and tougher than most commutes in America.

Here most residents (43.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (30.0%) and 13.1% 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.


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