Commonwealth Ave / Randall Ave median real estate price is $725,113, which is more expensive than 53.9% of the neighborhoods in New York and 79.6% of the neighborhoods in the U.S.
The average rental price in Commonwealth Ave / Randall Ave is currently $1,334, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 94.5% of New York neighborhoods.
Commonwealth Ave / Randall Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
Commonwealth Ave / Randall 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 Commonwealth Ave / Randall Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Commonwealth Ave / Randall Ave are 3.4%, which is lower than one will find in 76.5% of American neighborhoods. Demand for real estate in Commonwealth Ave / Randall Ave 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.
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.
The Commonwealth Ave / Randall Ave neighborhood stands out for having an average per capita income lower than 99.7% of the neighborhoods in the United States. The Commonwealth Ave / Randall Ave neighborhood also has a greater percentage of children living in poverty (57.8%) than found in 96.5% 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.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 48.0% of the Commonwealth Ave / Randall Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.4% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 97.7% of U.S. neighborhoods.
The Commonwealth Ave / Randall Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,945 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation'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 Commonwealth Ave / Randall Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
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 Commonwealth Ave / Randall Ave neighborhood have a highly unusual car ownership. 43.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.
Did you know that the Commonwealth Ave / Randall Ave neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 42.1% of this neighborhood's residents have Puerto Rican ancestry and 21.3% have Dominican ancestry.
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 Commonwealth Ave / Randall 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 99.7% of U.S. neighborhoods. With 57.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.5% 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 Commonwealth Ave / Randall Ave neighborhood, 35.1% 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 25.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (20.8%), and 18.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Commonwealth Ave / Randall Ave neighborhood is Spanish, spoken by 52.2% of households. Some people also speak English (44.3%).
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 Commonwealth Ave / Randall Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (42.1%). There are also a number of people of Dominican ancestry (21.3%), and residents who report Sub-Saharan African roots (6.1%), and some of the residents are also of African ancestry (6.1%), along with some Mexican ancestry residents (2.6%), among others. In addition, 23.4% 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 Commonwealth Ave / Randall Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (64.0% of working residents), longer and tougher than most commutes in America.
Here most residents (48.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (31.7%) and 15.6% 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.