Real Estate Prices and Overview
Coney Island median real estate prices are $318,025, which is more expensive than 46.1% of the neighborhoods
in New York and 80.0% of the
neighborhoods in the U.S.
Average rental prices in Coney Island are currently
$890, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 66.7% of New York neighborhoods.
Coney Island is a densely urban neighborhood (based on population
density) located in Brooklyn, New York.
Coney Island real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and apartment complexes/high-rise apartments.
Most of the residential real estate is occupied by a mixture of owners and renters. Many of
the residences in the Coney Island neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Coney Island, the current vacancy rate is 3.9%,
which is a lower rate of vacancies than 83.1% of all neighborhoods
in the U.S. This means that the housing supply in Coney Island
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.
Notable & Unique: Length of Commute
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
Coney Island neighborhood unfortunately have the distinction of having,
on average, a longer commute than most any neighborhood in America.
19.1% 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 99.8%
of all neighborhoods in America.
Notable & Unique: Modes of Transportation
In the Coney Island neighborhood, 52.9% 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 99.0% of the
neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work
than 96.4% of U.S. neighborhoods.
Notable & Unique: 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 Coney Island neighborhood has
a highly unusual pattern of car ownership.
50.9% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
98.6% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Coney Island neighborhood has more
Haitian and Asian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.8% of
this neighborhood's residents have Haitian ancestry and 32.0% have Asian ancestry.
Coney Island is also pretty special linguistically. Significantly, 38.1% of its residents five years old and above primarily
speak Chinese at home. While this may seem like a small percentage, it is higher
than 99.8% of the neighborhoods in America.
Notable & Unique: Real Estate
The Coney Island neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,905 persons per square mile in the neighborhood, it is more packed with people than 97.6% of the nation's neighborhoods.
In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Coney Island neighborhood could be your paradise. With 41.9% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.8% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
Notable & Unique: Migration/Stability
Do you like to be surrounded by people from all over the country or world,
with different perspectives and life experiences? Or do you instead prefer
to be in a neighborhood where most residents have lived there for a long
time, creating a sense of cohesiveness? NeighborhoodScout's analysis
reveals that this neighborhood stands out among American neighborhoods
for the uniqueness of the mobility of its residents.
What is interesting to note, is that the Coney Island
neighborhood has a greater percentage of residents born in another country
(44.3%) than are found in 95.9% of all U.S. neighborhoods.
The Neighbors: Income
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 Coney Island neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 74.5% of U.S. neighborhoods.
With 39.5% 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.
The Neighbors: Occupations
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 Coney Island neighborhood, 33.8%
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
manufacturing and laborer occupations, with 25.1% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(22.4%), and 18.7% in executive, management, and professional occupations.
The Neighbors: 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 Coney Island neighborhood in Brooklyn, NY, residents
most commonly identify their ethnicity or ancestry as Asian
(32.0%). There are also a number of people of Puerto Rican ancestry (12.8%) , and residents who report Haitia roots (2.8%) , and some of the residents are also of Mexican ancestry (2.1%) , along with some Dominican ancestry residents (1.6%), among others. In addition, 44.3% of the residents of this neighborhood were born in another country.
The Neighbors: 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 Coney Island
neighborhood is Chinese, spoken by 38.1% of households. Other important languages spoken here include English, Spanish, Vietnamese and Russian.
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 Coney Island neighborhood spend
between 45 minutes and one hour commuting one-way to work (42.7% of working
residents), longer and tougher than most commutes in America.
Here most residents (52.9%) take the train to get to work.
In addition, quite a number also ride the bus to get to work (18.8%) and 9.3% 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.