Albany Cres / Bailey Ave median real estate price is $453,430, which is more expensive than 33.8% of the neighborhoods in New York and 55.6% of the neighborhoods in the U.S.
The average rental price in Albany Cres / Bailey Ave is currently $2,549, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.5% of New York neighborhoods.
Albany Cres / Bailey Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.
Albany Cres / Bailey 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Albany Cres / Bailey Ave 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.
Real estate vacancies in Albany Cres / Bailey Ave are 3.2%, which is lower than one will find in 77.8% of American neighborhoods. Demand for real estate in Albany Cres / Bailey Ave 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.
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.
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 73,100 people per square mile, it is more densely populated than 99.2% of America'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 Albany Cres / Bailey Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the Albany Cres / Bailey Ave 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, 97.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.
Furthermore, 91.6% of the real estate in the Albany Cres / Bailey Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Also of note, the Albany Cres / Bailey Ave 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 86.3% 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 63.7% of the residential real estate in the Albany Cres / Bailey Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.5% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
American households most often have a car, and regularly they have two or three. But households in the Albany Cres / Bailey Ave neighborhood buck this trend. 72.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. neighborhoods.
In the Albany Cres / Bailey Ave neighborhood, 46.8% 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 99.4% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 98.1% of U.S. neighborhoods.
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 Albany Cres / Bailey Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.1% 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 97.3% of all neighborhoods in America.
The Albany Cres / Bailey Ave neighborhood has a greater percentage of children living in poverty (61.3%) than found in 97.3% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.
Did you know that the Albany Cres / Bailey Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 48.9% of this neighborhood's residents have Dominican ancestry and 14.4% have Puerto Rican ancestry.
Albany Cres / Bailey Ave 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.
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 Albany Cres / Bailey Ave neighborhood. What is interesting to note, is that the Albany Cres / Bailey Ave neighborhood has a greater percentage of residents born in another country (43.3%) than are found in 95.3% 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 Albany Cres / Bailey Ave 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 77.4% of U.S. neighborhoods. With 61.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 97.3% 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 Albany Cres / Bailey Ave neighborhood, 31.8% 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 27.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (26.5%), and 14.5% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Albany Cres / Bailey Ave neighborhood is Spanish, spoken by 75.3% of households. Some people also speak English (23.7%).
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 Albany Cres / Bailey Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (48.9%). There are also a number of people of Puerto Rican ancestry (14.4%), and residents who report South American roots (6.9%), and some of the residents are also of Irish ancestry (1.9%). In addition, 43.3% 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 Albany Cres / Bailey Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (49.7% of working residents), longer and tougher than most commutes in America.
Here most residents (46.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (19.2%) and 16.8% 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.
