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Real Estate Prices & Overview

Belmont North median real estate price is $274,464, which is less expensive than 78.1% of New York neighborhoods and 66.8% of all U.S. neighborhoods.

The average rental price in Belmont North is currently $3,229, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.0% of New York neighborhoods.

Belmont North is a densely urban neighborhood (based on population density) located in Bronx, New York.

Belmont North 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 Belmont North 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 1970 and 1999.

In Belmont North, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 89.1% of all neighborhoods in the U.S. This means that the housing supply in Belmont North is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Belmont North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (33.6% ride the bus) than 99.8% 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 Belmont North neighborhood, 35.7% 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 98.8% of the neighborhoods in America.

Finally, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Belmont North neighborhood is a fantastic option for bicycle commuters, as 5.2% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.3% of the neighborhoods in America.

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 Belmont North neighborhood have a highly unusual car ownership. 76.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Belmont North neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.6%, which is higher than 98.9% 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.

In addition, the Belmont North neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 48,532 persons per square mile in the neighborhood, it is more packed with people than 98.4% 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 Belmont North neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, the real estate in the Belmont North 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, 84.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.3% of American neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Belmont North neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Belmont North neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 14.7% 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 98.6% of all neighborhoods in America.

Occupations

There are more people living in the Belmont North neighborhood employed as sales and service workers (62.2%) 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.

Furthermore, it used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Belmont North neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 3.6% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.3% of U.S. neighborhoods.

People

The Belmont North neighborhood is unique for having just 7.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.9% of America's neighborhoods.

Diversity

Did you know that the Belmont North neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.9% of this neighborhood's residents have Dominican ancestry and 12.5% have Puerto Rican ancestry.

The Neighbors

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 Belmont North 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 89.2% of U.S. neighborhoods. With 40.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.6% 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 Belmont North neighborhood, 37.8% 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 29.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), 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 Belmont North neighborhood is Spanish, spoken by 54.6% of households. Other important languages spoken here include English and Italian.

Ethnicity / Ancestry

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 Belmont North neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (36.1%). There are also a number of people of Puerto Rican ancestry (12.5%), and residents who report Dominican roots (10.9%), and some of the residents are also of Sub-Saharan African ancestry (5.4%), along with some Asian ancestry residents (3.2%), among others. In addition, 39.7% of the residents of this neighborhood were born in another country.

Getting to Work

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 Belmont North neighborhood spend between 30 and 45 minutes commuting one-way to work (35.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (14.7%) who commute over an hour in each direction.

Here most residents (35.7%) take the train to get to work. In addition, quite a number also ride the bus to get to work (33.6%) and 7.1% of residents also hop out the door and walk to work 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.


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