Belmont median real estate price is $683,727, which is more expensive than 52.2% of the neighborhoods in New York and 79.7% of the neighborhoods in the U.S.
The average rental price in Belmont is currently $2,644, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.8% of New York neighborhoods.
Belmont is a densely urban neighborhood (based on population density) located in Bronx, New York.
Belmont 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 Belmont 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.
Home and apartment vacancy rates are 7.0% in Belmont. NeighborhoodScout analysis shows that this rate is lower than 53.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
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 90,772 people per square mile, it is more densely populated than 99.5% 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 Belmont neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, 94.5% of the real estate in the Belmont 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 Belmont 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, 85.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.6% of American neighborhoods.
Also of note, 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 64.0% of the residential real estate in the Belmont 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.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Belmont neighborhood buck this trend. 67.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% 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 Belmont neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.5% of all American neighborhoods.
Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.4% of U.S. neighborhoods.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.7% of the Belmont 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.
Finally, more people in Belmont choose to walk to work each day (15.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
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 Belmont neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 14.6% 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 98.4% of all neighborhoods in America.
People
One of the unique characteristics of the Belmont neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 95.9% of the neighborhoods in America.
In addition, with more than 1.7% of residents living with a same sex partner, Belmont is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.5% of U.S. neighborhoods.
Diversity
Did you know that the Belmont neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.7% of this neighborhood's residents have Dominican ancestry and 11.9% have South American ancestry.
Belmont is also pretty special linguistically. Significantly, 72.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.7% of all U.S. neighborhoods.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Belmont neighborhood. What is interesting to note, is that the Belmont neighborhood has a greater percentage of residents born in another country (53.3%) than are found in 98.3% of all U.S. neighborhoods.
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 Belmont 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 95.9% of U.S. neighborhoods. With 36.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.5% 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 Belmont neighborhood, 51.0% 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 25.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.5%), and 7.2% 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 Belmont neighborhood is Spanish, spoken by 72.3% of households. Other important languages spoken here include English and Arabic.
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 Belmont neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (27.3%). There are also a number of people of Dominican ancestry (21.7%), and residents who report Puerto Rican roots (16.3%), and some of the residents are also of South American ancestry (11.9%), along with some Italian ancestry residents (3.9%), among others. In addition, 53.3% 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 Belmont neighborhood spend between 30 and 45 minutes commuting one-way to work (25.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (14.6%) who commute over an hour in each direction.
Here most residents (26.4%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (21.1%) and 20.7% of residents also take the train for their daily commute. The bus provides a valuable service in the Belmont 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.
