Fordham Southeast median real estate price is $725,157, which is more expensive than 55.2% of the neighborhoods in New York and 81.5% of the neighborhoods in the U.S.
The average rental price in Fordham Southeast is currently $2,096, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.7% of New York neighborhoods.
Fordham Southeast is a densely urban neighborhood (based on population density) located in Bronx, New York.
Fordham 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Fordham 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 2000 and the present.
In Fordham Southeast, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Fordham Southeast 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.
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 93,618 people per square mile, it is more densely populated than 99.6% 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 Fordham Southeast neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the Fordham Southeast neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 99.4% 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 99.9% of all neighborhoods in America.
Furthermore, 94.0% of the real estate in the Fordham Southeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, 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 71.1% of the residential real estate in the Fordham Southeast neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (27.2% ride the bus) than 99.5% 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.
Also, in the Fordham Southeast neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 27.0% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 25.5% of the Fordham Southeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.8% of America's neighborhoods.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Fordham Southeast neighborhood buck this trend. 64.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.4% of U.S. neighborhoods.
People
One of the unique characteristics of the Fordham Southeast neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.3% of the neighborhoods in America. Also of note, 55.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Fordham Southeast 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.
Also, neighborhoodScout's exclusive research revealed that 94.5% of the adult residents in the Fordham Southeast neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 96.7% of the neighborhoods in America.
Diversity
Did you know that the Fordham Southeast neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.7% of this neighborhood's residents have Dominican ancestry and 29.4% have Puerto Rican ancestry.
Fordham Southeast is also pretty special linguistically. Significantly, 7.7% 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 99.4% of the neighborhoods in America.
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 Fordham Southeast 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 99.3% of U.S. neighborhoods. With 55.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.9% 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 Fordham Southeast neighborhood, 51.7% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 18.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 11.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Fordham Southeast neighborhood is English, spoken by 52.2% of households. Other important languages spoken here include Spanish and African 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 Fordham Southeast neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (29.4%). There are also a number of people of Dominican ancestry (25.7%), and residents who report Sub-Saharan African roots (9.2%), and some of the residents are also of African ancestry (7.9%), along with some Cuban ancestry residents (1.2%), among others. In addition, 21.5% 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 Fordham Southeast neighborhood spend between 45 minutes and one hour commuting one-way to work (31.5% of working residents), longer and tougher than most commutes in America.
Here most residents (27.2%) ride the bus to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.0%) and 25.5% of residents also take the train for their daily commute. The bus provides a valuable service in the Fordham Southeast neighborhood of Bronx by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
