Mount Hope Northwest median real estate price is $1,334,458, which is more expensive than 85.5% of the neighborhoods in New York and 95.4% of the neighborhoods in the U.S.
The average rental price in Mount Hope Northwest is currently $2,621, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.3% of New York neighborhoods.
Mount Hope Northwest is a densely urban neighborhood (based on population density) located in Bronx, New York.
Mount Hope Northwest 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 Mount Hope Northwest 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 Mount Hope Northwest, 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 Mount Hope Northwest 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 Mount Hope Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
91.4% of the real estate in the Mount Hope Northwest neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. With a real estate vacancy rate of only 0.0%, the Mount Hope Northwest neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
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 99,523 people per square mile, it is more densely populated than 99.6% 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 Mount Hope Northwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, the real estate in the Mount Hope Northwest 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, 92.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.6% of American neighborhoods.
Also of note, the Mount Hope Northwest 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 92.7% 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 78.3% of the residential real estate in the Mount Hope Northwest neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.8% of U.S. neighborhoods.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 44.9% of the Mount Hope Northwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.1% of America's neighborhoods.
Car Ownership
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 Mount Hope Northwest neighborhood have a highly unusual car ownership. 66.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Mount Hope Northwest neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 97.8% of all neighborhoods in America.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Mount Hope Northwest neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 96.9% of all American neighborhoods.
People
One of the unique characteristics of the Mount Hope Northwest neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.8% of the neighborhoods in America.
Diversity
Did you know that the Mount Hope Northwest neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 35.4% of this neighborhood's residents have Dominican ancestry and 10.6% have Puerto Rican ancestry.
Mount Hope Northwest is also pretty special linguistically. Significantly, 6.2% 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 99.1% of the neighborhoods in America.
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 Mount Hope Northwest neighborhood. What is interesting to note, is that the Mount Hope Northwest neighborhood has a greater percentage of residents born in another country (51.4%) than are found in 98.0% 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 Mount Hope Northwest 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 95.8% of U.S. neighborhoods. With 33.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.9% 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 Mount Hope Northwest neighborhood, 40.7% 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 24.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.5%), and 14.0% 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 Mount Hope Northwest neighborhood is Spanish, spoken by 61.1% 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 Mount Hope Northwest neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (35.4%). There are also a number of people of Puerto Rican ancestry (10.6%), and residents who report Sub-Saharan African roots (5.8%), and some of the residents are also of African ancestry (5.5%), along with some Mexican ancestry residents (3.5%), among others. In addition, 51.4% 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 Mount Hope Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (41.7% 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 ride the bus to get to work (33.5%) and 9.9% of residents also drive alone in a private automobile 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.
