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Real Estate Prices & Overview

Morrisania Southwest median real estate price is $641,705, which is more expensive than 47.2% of the neighborhoods in New York and 76.4% of the neighborhoods in the U.S.

The average rental price in Morrisania Southwest is currently $2,112, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.0% of New York neighborhoods.

Morrisania Southwest is a densely urban neighborhood (based on population density) located in Bronx, New York.

Morrisania Southwest 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 Morrisania Southwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Morrisania Southwest, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 90.1% of all neighborhoods in the U.S. This means that the housing supply in Morrisania Southwest 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.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Morrisania Southwest neighborhood's real estate landscape than 99.7% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 96.5% of the residential real estate here is classified as newer. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

In addition, renter-occupied real estate is dominant in the Morrisania Southwest neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% 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.

Furthermore, one of the really unique and interesting things about the look and setting of the Morrisania Southwest neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.1% 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 99.2% of all neighborhoods in America.

Also of note, the Morrisania Southwest 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 93.6% 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.

Finally, the Morrisania Southwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 43,279 persons per square mile in the neighborhood, it is more packed with people than 98.1% of the nation's neighborhoods.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.5% 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 25.9% of the Morrisania Southwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Morrisania Southwest neighborhood buck this trend. 58.7% 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

There are more people living in the Morrisania Southwest neighborhood employed as sales and service workers (60.1%) 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.

People

NeighborhoodScout's analysis shows that the Morrisania Southwest neighborhood has a greater concentration of residents currently enrolled in college than 96.2% of the neighborhoods in the U.S. With 12.3% of the population here attending college, this is very much a college-focused neighborhood.

In addition, there is an especially high percentage of incarcerated people (0.8%) living in the Morrisania Southwest neighborhood.

Diversity

Did you know that the Morrisania Southwest neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.5% of this neighborhood's residents have Puerto Rican ancestry and 20.1% have Dominican ancestry.

Morrisania Southwest is also pretty special linguistically. Significantly, 8.4% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Morrisania Southwest 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 23.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.5% 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 Morrisania Southwest neighborhood, 39.9% 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 executive, management, and professional occupations, with 22.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.6%), and 16.7% 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 Morrisania Southwest neighborhood is English, spoken by 46.6% of households. Other important languages spoken here include Spanish, French and African languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Morrisania Southwest neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (30.5%). There are also a number of people of Dominican ancestry (20.1%), and residents who report Sub-Saharan African roots (16.7%), and some of the residents are also of African ancestry (5.1%), along with some Haitian ancestry residents (2.5%), among others. In addition, 32.8% 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 Morrisania Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (38.7% of working residents), longer and tougher than most commutes in America.

Here most residents (33.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (26.7%) and 25.9% of residents also take the train 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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