Chatterton Ave / Olmstead Ave median real estate price is $824,913, which is more expensive than 61.7% of the neighborhoods in New York and 79.3% of the neighborhoods in the U.S.
The average rental price in Chatterton Ave / Olmstead Ave is currently $3,237, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.8% of New York neighborhoods.
Chatterton Ave / Olmstead Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
Chatterton Ave / Olmstead Ave 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 Chatterton Ave / Olmstead Ave 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.
Chatterton Ave / Olmstead Ave has a 10.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Chatterton Ave / Olmstead Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Chatterton Ave / Olmstead Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 58,439 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation'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 Chatterton Ave / Olmstead Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Chatterton Ave / Olmstead Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 33.1% of the real estate here is made up of such dwellings, which is higher than 95.7% of all U.S. neighborhoods.
Furthermore, 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 63.0% of the residential real estate in the Chatterton Ave / Olmstead Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
In the Chatterton Ave / Olmstead Ave neighborhood, 39.2% 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 99.0% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 95.1% of U.S. neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Chatterton Ave / Olmstead Ave neighborhood buck this trend. 38.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.9% of U.S. neighborhoods.
Of note, 62.0% 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, single parenting is hard. But you don't have to tell the Chatterton Ave / Olmstead Ave neighborhood about it; they already know. 20.1% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.1% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
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 Chatterton Ave / Olmstead Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.0% 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 96.6% of all neighborhoods in America.
Did you know that the Chatterton Ave / Olmstead Ave neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.8% of this neighborhood's residents have Dominican ancestry and 10.9% have South American ancestry.
Chatterton Ave / Olmstead Ave is also pretty special linguistically. Significantly, 4.3% 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 98.3% of the neighborhoods in America.
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. More residents of the Chatterton Ave / Olmstead Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.3% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Chatterton Ave / Olmstead Ave 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 87.2% of U.S. neighborhoods. With 62.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.4% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Chatterton Ave / Olmstead Ave neighborhood, 34.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (24.6%), and 12.2% in clerical, assistant, and tech support 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 Chatterton Ave / Olmstead Ave neighborhood is Spanish, spoken by 51.8% of households. Other important languages spoken here include English, African languages, French and Arabic.
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 Chatterton Ave / Olmstead Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (19.5%). There are also a number of people of Puerto Rican ancestry (12.8%), and residents who report South American roots (10.9%), and some of the residents are also of Dominican ancestry (10.8%), along with some Arab ancestry residents (3.7%), among others. In addition, 29.7% 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 Chatterton Ave / Olmstead Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (54.8% of working residents), longer and tougher than most commutes in America.
Here most residents (39.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (37.8%) and 9.6% 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.
