Norwood median real estate price is $468,121, which is less expensive than 62.5% of New York neighborhoods and 41.3% of all U.S. neighborhoods.
The average rental price in Norwood is currently $2,875, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.8% of New York neighborhoods.
Norwood is a densely urban neighborhood (based on population density) located in Bronx, New York.
Norwood 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 Norwood 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.
In Norwood, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.2% of all neighborhoods in the U.S. This means that the housing supply in Norwood is very tight compared to the demand for property here.
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 Norwood neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 64,544 people per square mile, it is more densely populated than 99.0% 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 Norwood neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the real estate in the Norwood 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, 96.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.3% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Norwood neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.6%, which is higher than 98.2% 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.
Also of note, the Norwood 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 90.7% 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, 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 65.9% of the residential real estate in the Norwood neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 40.5% of the Norwood neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 98.4% of U.S. neighborhoods.
Finally, more people in Norwood choose to walk to work each day (19.7%) 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.
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Norwood neighborhood has a highly unusual pattern of car ownership. 53.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Norwood 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 Norwood neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 11.0% 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 96.5% of all neighborhoods in America.
Did you know that the Norwood neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 31.3% of this neighborhood's residents have Dominican ancestry and 9.3% have South American ancestry.
Norwood is also pretty special linguistically. Significantly, 71.1% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.6% of all U.S. neighborhoods.
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 Norwood neighborhood. What is interesting to note, is that the Norwood neighborhood has a greater percentage of residents born in another country (47.5%) than are found in 96.8% of all U.S. neighborhoods.
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 Norwood 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 75.8% of U.S. neighborhoods. With 46.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Norwood neighborhood, 32.6% 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 25.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.2%), and 19.2% 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 Norwood neighborhood is Spanish, spoken by 71.1% of households. Other important languages spoken here include English and Langs. of India.
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 Norwood neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (31.3%). There are also a number of people of Mexican ancestry (19.8%), and residents who report Puerto Rican roots (11.7%), and some of the residents are also of South American ancestry (9.3%), along with some Asian ancestry residents (8.2%), among others. In addition, 47.5% 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 Norwood neighborhood spend between 45 minutes and one hour commuting one-way to work (43.9% of working residents), longer and tougher than most commutes in America.
Here most residents (40.5%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (19.7%) and 18.1% of residents also ride the bus for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
