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Real Estate Prices & Overview

62nd St / 15th Ave median real estate price is $1,550,678, which is more expensive than 92.0% of the neighborhoods in New York and 97.7% of the neighborhoods in the U.S.

The average rental price in 62nd St / 15th Ave is currently $2,665, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.9% of New York neighborhoods.

62nd St / 15th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

62nd St / 15th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 62nd St / 15th Ave 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.

62nd St / 15th Ave has a 10.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 63.8% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (5.8%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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

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 62nd St / 15th Ave neighborhood could be your paradise. With 28.5% 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 3.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, if you like crowded places, then you will probably enjoy the the 62nd St / 15th Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.3% of neighborhoods in the U.S., with 26,093 people per square mile living here. 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 62nd St / 15th Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.4% of the residential real estate in the 62nd St / 15th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

More people in 62nd St / 15th Ave choose to walk to work each day (22.4%) 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.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 28.6% of the 62nd St / 15th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.0% of America's neighborhoods.

Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.0% of residents in the 62nd St / 15th Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the 62nd St / 15th Ave neighborhood have a highly unusual car ownership. 34.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.6% of U.S. neighborhoods.

People

The 62nd St / 15th Ave 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 8.2% of college-friendly places to live in NY.

Diversity

Did you know that the 62nd St / 15th Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 60.5% of this neighborhood's residents have Asian ancestry.

62nd St / 15th Ave is also pretty special linguistically. Significantly, 50.0% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 99.9% 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 62nd St / 15th Ave neighborhood. What is interesting to note, is that the 62nd St / 15th Ave neighborhood has a greater percentage of residents born in another country (61.8%) than are found in 99.3% 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 62nd St / 15th Ave 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 77.4% of U.S. neighborhoods. With 22.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.8% 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 62nd St / 15th Ave neighborhood, 27.3% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 27.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.6%), and 20.0% in executive, management, and professional 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 62nd St / 15th Ave neighborhood is Chinese, spoken by 50.0% of households. Other important languages spoken here include Spanish, English and Italian.

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 62nd St / 15th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (60.5%). There are also a number of people of Italian ancestry (5.2%), and residents who report Mexican roots (3.9%), and some of the residents are also of Puerto Rican ancestry (3.5%). In addition, 61.8% 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 62nd St / 15th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (31.5% of working residents), longer and tougher than most commutes in America.

Here most residents (28.6%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.9%) and 22.4% 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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Crime includes:
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Schools include:
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