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Real Estate Prices & Overview

Vernon Park median real estate price is $673,079, which is more expensive than 50.9% of the neighborhoods in New York and 78.0% of the neighborhoods in the U.S.

The average rental price in Vernon Park is currently $4,028, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.4% of the neighborhoods in New York.

Vernon Park is a densely urban neighborhood (based on population density) located in Mount Vernon, New York.

Vernon Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Vernon Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Vernon Park are 3.7%, which is lower than one will find in 73.4% of American neighborhoods. Demand for real estate in Vernon Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Modes of Transportation

In the Vernon Park neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 11.9% of residents here. This is a higher proportion of walking commuters than we found in 96.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, in the Vernon Park neighborhood, 10.1% 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 95.7% of the neighborhoods in America.

Real Estate

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 Vernon Park neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the Vernon Park neighborhood has more Portuguese and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.6% of this neighborhood's residents have Portuguese ancestry and 15.5% have Jamaican ancestry.

Vernon Park is also pretty special linguistically. Significantly, 1.7% 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 98.8% 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 Vernon Park neighborhood in Mount Vernon are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.5% of the neighborhoods in America. With 10.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.2% 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 Vernon Park neighborhood, 47.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.6%), and 10.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Vernon Park neighborhood is English, spoken by 68.5% of households. Some people also speak Spanish (12.6%).

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 Vernon Park neighborhood in Mount Vernon, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (15.5%). There are also a number of people of Portuguese ancestry (13.6%), and residents who report Dominican roots (11.1%), and some of the residents are also of South American ancestry (8.4%), along with some Puerto Rican ancestry residents (7.9%), among others. In addition, 30.7% 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 Vernon Park neighborhood spend between 30 and 45 minutes commuting one-way to work (30.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (43.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (21.7%) and 11.9% of residents also hop out the door and walk to work 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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