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Real Estate Prices & Overview

E 160th St / Forest Ave median real estate price is $777,487, which is more expensive than 57.2% of the neighborhoods in New York and 83.0% of the neighborhoods in the U.S.

The average rental price in E 160th St / Forest Ave is currently $2,214, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.1% of New York neighborhoods.

E 160th St / Forest Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.

E 160th St / Forest Ave 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the E 160th St / Forest Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.

In E 160th St / Forest Ave, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 82.6% of all neighborhoods in the U.S. This means that the housing supply in E 160th St / Forest Ave is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the E 160th St / Forest Ave neighborhood, 42.9% 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 99.1% of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 96.0% of U.S. neighborhoods.

Real Estate

The E 160th St / Forest Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,318 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods. 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 E 160th St / Forest Ave neighborhood is one of the most walkable neighborhoods in America.

People

Single parenting is hard. But you don't have to tell the E 160th St / Forest Ave neighborhood about it; they already know. 22.0% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the E 160th St / Forest Ave neighborhood buck this trend. 36.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.8% of U.S. neighborhoods.

Diversity

Did you know that the E 160th St / Forest Ave neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 26.6% of this neighborhood's residents have Puerto Rican ancestry and 10.5% have Dominican ancestry.

E 160th St / Forest Ave is also pretty special linguistically. Significantly, 68.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.2% of all U.S. neighborhoods.

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 E 160th St / Forest Ave 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 88.4% of U.S. neighborhoods. With 46.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.9% 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 E 160th St / Forest Ave neighborhood, 36.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.8%), and 12.1% in clerical, assistant, and tech support 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 E 160th St / Forest Ave neighborhood is Spanish, spoken by 68.4% of households. Other important languages spoken here include English and French.

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 E 160th St / Forest Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (27.1%). There are also a number of people of Puerto Rican ancestry (26.6%), and residents who report Dominican roots (10.5%), and some of the residents are also of South American ancestry (6.3%), along with some Irish ancestry residents (3.9%), among others. In addition, 23.3% 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 E 160th St / Forest Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (52.2% of working residents), longer and tougher than most commutes in America.

Here most residents (42.9%) take the train to get to work. In addition, quite a number also ride the bus to get to work (11.5%) and 10.4% of residents also drive alone in a private automobile 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.


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