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Real Estate Prices & Overview

Kelly St / Intervale Ave median real estate price is $923,354, which is more expensive than 69.3% of the neighborhoods in New York and 88.6% of the neighborhoods in the U.S.

The average rental price in Kelly St / Intervale Ave is currently $2,194, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.5% of New York neighborhoods.

Kelly St / Intervale Ave is a densely urban neighborhood (based on population density) located in Bronx, New York.

Kelly St / Intervale 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 Kelly St / Intervale Ave neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Kelly St / Intervale Ave, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Kelly St / Intervale Ave is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Kelly St / Intervale Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

95.5% of the real estate in the Kelly St / Intervale Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Kelly St / Intervale Ave neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

In addition, 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 72,470 people per square mile, it is more densely populated than 99.2% of America's neighborhoods.

Furthermore, one of the really unique and interesting things about the look and setting of the Kelly St / Intervale Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.9% 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 98.6% of all neighborhoods in America.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 50.7% of the Kelly St / Intervale Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 98.3% of U.S. neighborhoods.

Car Ownership

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 Kelly St / Intervale Ave neighborhood has a highly unusual pattern of car ownership. 56.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.0% of U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Kelly St / Intervale Ave neighborhood about it; they already know. 25.9% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.0% 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.

Diversity

Did you know that the Kelly St / Intervale Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 36.0% of this neighborhood's residents have Dominican ancestry and 25.6% have Puerto Rican ancestry.

Kelly St / Intervale Ave is also pretty special linguistically. Significantly, 68.9% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.3% of all U.S. neighborhoods.

The Neighbors

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 Kelly St / Intervale 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 91.6% of U.S. neighborhoods. With 44.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.8% 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 Kelly St / Intervale Ave neighborhood, 29.7% 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 27.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.5%), and 20.5% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Kelly St / Intervale Ave neighborhood is Spanish, spoken by 68.9% of households. Some people also speak English (29.2%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Kelly St / Intervale Ave neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (36.0%). There are also a number of people of Puerto Rican ancestry (25.6%), and residents who report Mexican roots (8.5%), and some of the residents are also of Sub-Saharan African ancestry (6.0%), along with some African ancestry residents (2.5%), among others. In addition, 24.6% of the residents of this neighborhood were born in another country.

Getting to Work

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 Kelly St / Intervale Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (41.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (50.7%) take the train to get to work. In addition, quite a number also ride the bus to get to work (18.0%) and 9.6% 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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