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Real Estate Prices & Overview

Inwood Southeast median real estate price is $718,652, which is more expensive than 56.2% of the neighborhoods in New York and 81.7% of the neighborhoods in the U.S.

The average rental price in Inwood Southeast is currently $2,920, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.3% of New York neighborhoods.

Inwood Southeast is a densely urban neighborhood (based on population density) located in New York, New York.

Inwood Southeast 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 Inwood Southeast 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 Inwood Southeast are 3.3%, which is lower than one will find in 78.0% of American neighborhoods. Demand for real estate in Inwood Southeast 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

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 132,487 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 Inwood Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the real estate in the Inwood Southeast 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, 97.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.

Furthermore, 99.1% of the real estate in the Inwood Southeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Also of note, the Inwood Southeast 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 86.6% 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.

Finally, 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 59.0% of the residential real estate in the Inwood Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 53.8% of the Inwood Southeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Inwood Southeast neighborhood buck this trend. 59.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.

Diversity

Did you know that the Inwood Southeast neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 71.1% of this neighborhood's residents have Dominican ancestry.

Inwood Southeast is also pretty special linguistically. Significantly, 84.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.0% of all U.S. neighborhoods.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Inwood Southeast neighborhood. What is interesting to note, is that the Inwood Southeast neighborhood has a greater percentage of residents born in another country (45.0%) than are found in 96.1% of all U.S. neighborhoods.

The Neighbors

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 Inwood Southeast neighborhood in New York are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.9% of U.S. neighborhoods. With 28.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.3% 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 Inwood Southeast neighborhood, 31.5% 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 24.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.4%), and 21.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Inwood Southeast neighborhood is Spanish, spoken by 84.4% of households. Some people also speak English (10.8%).

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 Inwood Southeast neighborhood in New York, NY, residents most commonly identify their ethnicity or ancestry as Dominican (71.1%). There are also a number of people of Puerto Rican ancestry (7.2%), and residents who report Mexican roots (6.6%), and some of the residents are also of South American ancestry (2.4%), along with some Spanish ancestry residents (2.1%), among others. In addition, 45.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Inwood Southeast neighborhood spend between 45 minutes and one hour commuting one-way to work (52.6% of working residents), longer and tougher than most commutes in America.

Here most residents (53.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.7%) and 6.8% of residents also carpool with coworkers, friends, or neighbors 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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