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Real Estate Prices & Overview

Mount Hope Northeast median real estate price is $648,523, which is more expensive than 47.6% of the neighborhoods in New York and 76.7% of the neighborhoods in the U.S.

The average rental price in Mount Hope Northeast is currently $2,720, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.4% of New York neighborhoods.

Mount Hope Northeast is a densely urban neighborhood (based on population density) located in Bronx, New York.

Mount Hope Northeast 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 Mount Hope Northeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Mount Hope Northeast, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 83.7% of all neighborhoods in the U.S. This means that the housing supply in Mount Hope Northeast 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

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 118,869 people per square mile, it is more densely populated than 99.8% 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 Mount Hope Northeast neighborhood is one of the most walkable neighborhoods in America.

In addition, 97.5% of the real estate in the Mount Hope Northeast neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the real estate in the Mount Hope Northeast 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, 91.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.4% of American neighborhoods.

Also of note, the Mount Hope Northeast 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 90.6% 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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 56.1% of the Mount Hope Northeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.8% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 98.8% of U.S. neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Mount Hope Northeast neighborhood buck this trend. 71.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.6% of U.S. neighborhoods.

Diversity

Did you know that the Mount Hope Northeast neighborhood has more Dominican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 47.2% of this neighborhood's residents have Dominican ancestry and 6.8% have African ancestry.

Mount Hope Northeast is also pretty special linguistically. Significantly, 6.9% 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 98.4% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Mount Hope Northeast neighborhood has a greater percentage of residents born in another country (47.3%) than are found in 96.8% 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 Mount Hope Northeast 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 85.4% of U.S. neighborhoods. With 39.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.0% 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 Mount Hope Northeast neighborhood, 32.2% 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 28.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.7%), and 16.1% 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 Mount Hope Northeast neighborhood is Spanish, spoken by 62.2% of households. Other important languages spoken here include English, 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 Mount Hope Northeast neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Dominican (47.2%). There are also a number of people of Sub-Saharan African ancestry (10.6%), and residents who report Puerto Rican roots (7.4%), and some of the residents are also of African ancestry (6.8%), along with some South American ancestry residents (5.5%), among others. In addition, 47.3% 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 Mount Hope Northeast neighborhood spend between 45 minutes and one hour commuting one-way to work (46.6% of working residents), longer and tougher than most commutes in America.

Here most residents (56.1%) take the train to get to work. In addition, quite a number also ride the bus to get to work (20.4%) and 7.8% of residents also carpool with coworkers, friends, or neighbors 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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