Grant Ave / E 166th St median real estate price is $923,084, which is more expensive than 62.3% of the neighborhoods in New York and 83.7% of the neighborhoods in the U.S.
The average rental price in Grant Ave / E 166th St is currently $2,861, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.6% of New York neighborhoods.
Grant Ave / E 166th St is a densely urban neighborhood (based on population density) located in Bronx, New York.
Grant Ave / E 166th St 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 Grant Ave / E 166th St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In Grant Ave / E 166th St, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Grant Ave / E 166th St is very tight compared to the demand for property here.
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.
Renter-occupied real estate is dominant in the Grant Ave / E 166th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.6%, which is higher than 97.2% 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. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Grant Ave / E 166th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, 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 110,641 people per square mile, it is more densely populated than 99.7% of America's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Grant Ave / E 166th St neighborhood is one of the most walkable neighborhoods in America.
Furthermore, one of the really unique and interesting things about the look and setting of the Grant Ave / E 166th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 76.1% 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 96.1% of all neighborhoods in America.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Grant Ave / E 166th St neighborhood has more single mother households than 98.8% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
American households most often have a car, and regularly they have two or three. But households in the Grant Ave / E 166th St neighborhood buck this trend. 48.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.
In the Grant Ave / E 166th St neighborhood, 33.5% 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 98.4% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 98.0% of U.S. neighborhoods.
There are more people living in the Grant Ave / E 166th St neighborhood employed as sales and service workers (60.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
Did you know that the Grant Ave / E 166th St neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.2% of this neighborhood's residents have Dominican ancestry and 12.9% have Puerto Rican ancestry.
Grant Ave / E 166th St is also pretty special linguistically. Significantly, 4.5% 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 98.4% of the neighborhoods in America.
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 Grant Ave / E 166th St 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 100.0% of U.S. neighborhoods. With 40.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.0% 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 Grant Ave / E 166th St neighborhood, 39.2% 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 clerical, assistant, and tech support occupations, with 27.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.4%), and 10.8% 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 Grant Ave / E 166th St neighborhood is Spanish, spoken by 68.9% of households. Other important languages spoken here include English, African languages and French.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Grant Ave / E 166th St neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (29.2%). There are also a number of people of Mexican ancestry (16.3%), and residents who report Puerto Rican roots (12.9%), and some of the residents are also of Sub-Saharan African ancestry (5.8%), along with some South American ancestry residents (4.9%), among others. In addition, 33.9% 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 Grant Ave / E 166th St neighborhood spend between 30 and 45 minutes commuting one-way to work (39.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (36.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (33.5%) and 17.4% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
