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Real Estate Prices & Overview

E 17th St / Ave O median real estate price is $765,618, which is more expensive than 63.5% of the neighborhoods in New York and 85.5% of the neighborhoods in the U.S.

The average rental price in E 17th St / Ave O is currently $3,280, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.3% of the neighborhoods in New York.

E 17th St / Ave O is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 17th St / Ave O 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 occupied by a mixture of owners and renters. Many of the residences in the E 17th St / Ave O neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in E 17th St / Ave O are 4.9%, which is lower than one will find in 67.4% of American neighborhoods. Demand for real estate in E 17th St / Ave O 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.

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.

Real Estate

The E 17th St / Ave O neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 51,594 persons per square mile in the neighborhood, it is more packed with people than 98.5% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The E 17th St / Ave O neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

In the E 17th St / Ave O neighborhood, 31.2% 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 98.3% of the neighborhoods in America.

Also, more people in E 17th St / Ave O choose to walk to work each day (14.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

People

The E 17th St / Ave O neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.3% of college-friendly places to live in NY.

Diversity

Did you know that the E 17th St / Ave O neighborhood has more Eastern European and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.5% of this neighborhood's residents have Eastern European ancestry and 5.4% have Ukrainian ancestry.

E 17th St / Ave O is also pretty special linguistically. Significantly, 6.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

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 17th St / Ave O neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 48.7% of the neighborhoods in America. With 12.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.3% 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 17th St / Ave O neighborhood, 61.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.4%), and 8.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 17th St / Ave O neighborhood is English, spoken by 48.1% of households. Other important languages spoken here include Russian and Chinese.

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 17th St / Ave O neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (13.0%). There are also a number of people of Eastern European ancestry (6.5%), and residents who report Ukrainian roots (5.4%), and some of the residents are also of Russian ancestry (4.5%), along with some Polish ancestry residents (3.6%), among others. In addition, 38.2% 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 17th St / Ave O neighborhood spend between 45 minutes and one hour commuting one-way to work (31.2% of working residents), longer and tougher than most commutes in America.

Here most residents (31.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (20.6%) and 14.0% of residents also hop out the door and walk to work 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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