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Real Estate Prices & Overview

College Ave / E 166th St median real estate price is $700,959, which is more expensive than 51.2% of the neighborhoods in New York and 79.1% of the neighborhoods in the U.S.

The average rental price in College Ave / E 166th St is currently $2,458, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.8% of New York neighborhoods.

College Ave / E 166th St is a densely urban neighborhood (based on population density) located in Bronx, New York.

College Ave / E 166th 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the College Ave / E 166th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In College Ave / E 166th St, the current vacancy rate is 1.1%, which is a lower rate of vacancies than 90.4% of all neighborhoods in the U.S. This means that the housing supply in College Ave / E 166th St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.9% of U.S. neighborhoods.

Also, in the College Ave / E 166th St neighborhood, 31.9% 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 98.4% of the neighborhoods in America.

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 119,391 people per square mile, it is more densely populated than 99.8% 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 College Ave / E 166th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 100.0% of the real estate in the College Ave / E 166th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the real estate in the College Ave / E 166th St 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, 87.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.9% of American neighborhoods.

Also of note, the College Ave / E 166th 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 82.7% 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.

Occupations

There are more people living in the College Ave / E 166th St neighborhood employed as sales and service workers (49.5%) 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.

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 College Ave / E 166th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 16.6% 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 99.1% of all 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 College Ave / E 166th St neighborhood have a highly unusual car ownership. 54.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.

People

Astoundingly, the College Ave / E 166th St neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.1% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Bronx neighborhood.

Diversity

Did you know that the College Ave / E 166th St neighborhood has more Dominican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.5% of this neighborhood's residents have Dominican ancestry and 8.5% have African ancestry.

College Ave / E 166th St is also pretty special linguistically. Significantly, 2.2% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

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 College Ave / E 166th 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 100.0% of U.S. neighborhoods. With 21.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.7% 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 College Ave / E 166th St neighborhood, 50.5% 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 26.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.0%), and 9.7% in manufacturing and laborer 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 College Ave / E 166th St neighborhood is English, spoken by 67.2% of households. Other important languages spoken here include Spanish, African languages and Native American 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 College Ave / E 166th St neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (17.5%). There are also a number of people of Sub-Saharan African ancestry (13.9%), and residents who report Puerto Rican roots (11.3%), and some of the residents are also of African ancestry (8.5%), along with some Jamaican ancestry residents (4.0%), among others. In addition, 24.1% 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 College Ave / E 166th St neighborhood spend between 15 and 30 minutes commuting one-way to work (30.4% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (16.6%) who commute over an hour in each direction.

Here most residents (42.6%) ride the bus to get to work. In addition, quite a number also take the train to get to work (31.9%) and 10.1% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the College Ave / E 166th St 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.

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