Riverdale median real estate price is $271,850, which is less expensive than 79.8% of New York neighborhoods and 68.2% of all U.S. neighborhoods.
The average rental price in Riverdale is currently $2,611, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.2% of New York neighborhoods.
Riverdale is a densely urban neighborhood (based on population density) located in Bronx, New York.
Riverdale 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Riverdale neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Home and apartment vacancy rates are 6.4% in Riverdale. NeighborhoodScout analysis shows that this rate is lower than 54.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Riverdale neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In a nation where 1 out of every 4 children lives in poverty, the Riverdale neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 39.4% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 96.6% of U.S. neighborhoods, where the average American neighborhood has 14.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, one of the most interesting things about the Riverdale neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 52.4% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.5% of the neighborhoods in America.
One of the really unique and interesting things about the look and setting of the Riverdale neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.7% 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 98.6% of all neighborhoods in America.
In addition, the Riverdale 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 85.8% 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.
Furthermore, if you like crowded places, then you will probably enjoy the the Riverdale neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 23,081 people per square mile living here.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Riverdale 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 Riverdale neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 14.1% 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 98.4% of all neighborhoods in America.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 17.9% of the Riverdale neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.3% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (11.7% ride the bus) than 96.3% 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.
American households most often have a car, and regularly they have two or three. But households in the Riverdale neighborhood buck this trend. 28.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.
Did you know that the Riverdale neighborhood has more Austrian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Austrian ancestry and 4.9% have Hungarian ancestry.
Riverdale is also pretty special linguistically. Significantly, 2.5% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.0% of the neighborhoods in America.
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 Riverdale neighborhood in Bronx are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 68.0% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Riverdale neighborhood, 63.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 14.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.0%), and 8.3% in government jobs, whether they are in local, state, or federal positions.
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 Riverdale neighborhood is English, spoken by 64.3% of households. Other important languages spoken here include Spanish and Russian.
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 Riverdale neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (10.9%). There are also a number of people of Irish ancestry (8.9%), and residents who report Dominican roots (7.8%), and some of the residents are also of Italian ancestry (7.5%), along with some Austrian ancestry residents (5.3%), among others. In addition, 25.0% of the residents of this neighborhood were born in another country.
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 Riverdale neighborhood spend between 45 minutes and one hour commuting one-way to work (29.9% of working residents), longer and tougher than most commutes in America.
Here most residents (39.0%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (17.9%) and 11.7% 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.
