Grand Concourse / E 196th St median real estate price is $326,307, which is less expensive than 72.4% of New York neighborhoods and 57.1% of all U.S. neighborhoods.
The average rental price in Grand Concourse / E 196th St is currently $2,913, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.9% of New York neighborhoods.
Grand Concourse / E 196th St is a densely urban neighborhood (based on population density) located in Bronx, New York.
Grand Concourse / E 196th 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 Grand Concourse / E 196th St 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.
In Grand Concourse / E 196th St, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 84.7% of all neighborhoods in the U.S. This means that the housing supply in Grand Concourse / E 196th St is very tight compared to the demand for property here.
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 Grand Concourse / E 196th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 158,618 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 Grand Concourse / E 196th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, one of the really unique and interesting things about the look and setting of the Grand Concourse / E 196th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 98.1% 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 99.6% of all neighborhoods in America.
Furthermore, 97.4% of the real estate in the Grand Concourse / E 196th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, the Grand Concourse / E 196th St 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 83.6% 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 64.9% of the residential real estate in the Grand Concourse / E 196th St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Grand Concourse / E 196th St neighborhood has a highly unusual pattern of car ownership. 63.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.3% of U.S. neighborhoods.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 44.9% of the Grand Concourse / E 196th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.3% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (10.4% ride the bus) than 95.3% 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.
There are more people living in the Grand Concourse / E 196th St neighborhood employed as sales and service workers (60.4%) 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 Grand Concourse / E 196th St neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 60.3% of this neighborhood's residents have Dominican ancestry.
Grand Concourse / E 196th St is also pretty special linguistically. Significantly, 73.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.9% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Grand Concourse / E 196th St neighborhood has a greater percentage of residents born in another country (49.5%) than are found in 97.4% of all U.S. neighborhoods.
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 Grand Concourse / E 196th 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 91.1% of U.S. neighborhoods. With 49.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.9% 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 Grand Concourse / E 196th St neighborhood, 39.6% 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 24.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.4%), and 14.1% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Grand Concourse / E 196th St neighborhood is Spanish, spoken by 73.4% of households. Some people also speak English (21.6%).
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 Grand Concourse / E 196th St neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (60.3%). There are also a number of people of Mexican ancestry (12.7%), and residents who report Puerto Rican roots (3.5%), and some of the residents are also of Asian ancestry (2.6%), along with some South American ancestry residents (2.4%), among others. In addition, 49.5% 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 Grand Concourse / E 196th St neighborhood spend between 45 minutes and one hour commuting one-way to work (36.8% of working residents), longer and tougher than most commutes in America.
Here most residents (44.9%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (15.6%) and 10.4% 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.
