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Real Estate Prices & Overview

Grant Ave / E 166th St median real estate price is $748,670, which is more expensive than 55.7% of the neighborhoods in New York and 82.3% of the neighborhoods in the U.S.

The average rental price in Grant Ave / E 166th St is currently $2,831, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.3% of New York neighborhoods.

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

Grant 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Grant Ave / E 166th St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Grant Ave / E 166th St, 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 Grant Ave / E 166th St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Renter-occupied real estate is dominant in the Grant Ave / E 166th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.8%, which is higher than 97.3% 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. With a real estate vacancy rate of only 0.0%, the Grant Ave / E 166th St 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 110,641 people per square mile, it is more densely populated than 99.7% of America'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 Grant Ave / E 166th St neighborhood is one of the most walkable neighborhoods in America.

Furthermore, one of the really unique and interesting things about the look and setting of the Grant Ave / E 166th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 70.6% 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 95.1% of all neighborhoods in America.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (24.9% ride the bus) than 99.4% 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, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 32.5% of the Grant Ave / E 166th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.6% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Grant Ave / E 166th St neighborhood buck this trend. 57.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Grant Ave / E 166th St neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.8% of all American neighborhoods.

Diversity

Did you know that the Grant Ave / E 166th St neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.9% of this neighborhood's residents have Dominican ancestry and 10.5% have South American ancestry.

Grant Ave / E 166th St is also pretty special linguistically. Significantly, 4.5% 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 98.4% 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 Grant Ave / E 166th St neighborhood in Bronx are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 77.9% of U.S. neighborhoods. With 12.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.4% 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 Grant Ave / E 166th St neighborhood, 41.5% 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 manufacturing and laborer occupations, with 25.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.6%), and 14.3% 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 Grant Ave / E 166th St neighborhood is Spanish, spoken by 58.1% of households. Other important languages spoken here include English, African languages and French.

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 Grant Ave / E 166th St neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (19.2%). There are also a number of people of Dominican ancestry (15.9%), and residents who report South American roots (10.5%), and some of the residents are also of Puerto Rican ancestry (10.3%), along with some Sub-Saharan African ancestry residents (6.5%), among others. In addition, 34.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Grant Ave / E 166th St neighborhood spend between 45 minutes and one hour commuting one-way to work (44.3% of working residents), longer and tougher than most commutes in America.

Here most residents (35.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (32.5%) and 24.9% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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