Reservoir Oval E / Holt Pl median real estate price is $610,432, which is more expensive than 47.7% of the neighborhoods in New York and 76.0% of the neighborhoods in the U.S.
The average rental price in Reservoir Oval E / Holt Pl is currently $3,126, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.6% of New York neighborhoods.
Reservoir Oval E / Holt Pl is a densely urban neighborhood (based on population density) located in Bronx, New York.
Reservoir Oval E / Holt Pl 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 Reservoir Oval E / Holt Pl 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 Reservoir Oval E / Holt Pl are 5.0%, which is lower than one will find in 66.8% of American neighborhoods. Demand for real estate in Reservoir Oval E / Holt Pl 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.
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 Reservoir Oval E / Holt Pl neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
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 Reservoir Oval E / Holt Pl neighborhood has a highly unusual pattern of car ownership. 67.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.
Modes of Transportation
In the Reservoir Oval E / Holt Pl neighborhood, 49.3% 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 99.2% of U.S. neighborhoods.
Real Estate
The Reservoir Oval E / Holt Pl neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 60,006 persons per square mile in the neighborhood, it is more packed with people than 98.8% 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 Reservoir Oval E / Holt Pl neighborhood is one of the most walkable neighborhoods in America.
In addition, renter-occupied real estate is dominant in the Reservoir Oval E / Holt Pl neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.6%, which is higher than 98.6% 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.
Furthermore, the real estate in the Reservoir Oval E / Holt Pl 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, 87.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.8% of American neighborhoods.
Also of note, the Reservoir Oval E / Holt Pl 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 88.5% 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.
Diversity
Did you know that the Reservoir Oval E / Holt Pl neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.2% of this neighborhood's residents have Dominican ancestry and 13.5% have Puerto Rican ancestry.
Reservoir Oval E / Holt Pl is also pretty special linguistically. Significantly, 57.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.3% of all U.S. neighborhoods.
Migration / Stability
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 Reservoir Oval E / Holt Pl neighborhood. More residents of the Reservoir Oval E / Holt Pl neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Reservoir Oval E / Holt Pl 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 61.0% of U.S. neighborhoods. With 32.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.4% 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 Reservoir Oval E / Holt Pl neighborhood, 34.7% 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 manufacturing and laborer occupations, with 32.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.5%), and 15.6% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Reservoir Oval E / Holt Pl neighborhood is Spanish, spoken by 57.7% of households. Some people also speak English (29.1%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Reservoir Oval E / Holt Pl neighborhood in Bronx, NY, residents most commonly identify their ethnicity or ancestry as Mexican (26.3%). There are also a number of people of Dominican ancestry (20.2%), and residents who report Puerto Rican roots (13.5%), and some of the residents are also of Asian ancestry (7.5%), along with some Irish ancestry residents (4.3%), among others. In addition, 40.5% 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 Reservoir Oval E / Holt Pl 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 (49.3%) take the train to get to work. In addition, quite a number also ride the bus to get to work (24.0%) and 17.7% 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.
