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Real Estate Prices & Overview

Bay 14th St / 86th St median real estate price is $1,680,222, which is more expensive than 93.2% of the neighborhoods in New York and 98.1% of the neighborhoods in the U.S.

The average rental price in Bay 14th St / 86th St is currently $2,923, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.7% of New York neighborhoods.

Bay 14th St / 86th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Bay 14th St / 86th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings 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 Bay 14th St / 86th St 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 1970 and 1999.

Real estate vacancies in Bay 14th St / 86th St are 5.7%, which is lower than one will find in 61.9% of American neighborhoods. Demand for real estate in Bay 14th St / 86th St 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

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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 49.4% of the Bay 14th St / 86th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.4% of America's neighborhoods.

Real Estate

The Bay 14th St / 86th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,959 persons per square mile in the neighborhood, it is more packed with people than 98.2% 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 Bay 14th St / 86th St neighborhood is one of the most walkable neighborhoods in America.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Bay 14th St / 86th St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 57.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.0% of America's neighborhoods.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Bay 14th St / 86th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 64.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.5% of the neighborhoods in the United States.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Bay 14th St / 86th St neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Bay 14th St / 86th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.4% 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 97.9% of all neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Bay 14th St / 86th St neighborhood buck this trend. 33.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.5% of U.S. neighborhoods.

Diversity

Did you know that the Bay 14th St / 86th St neighborhood has more Russian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.5% of this neighborhood's residents have Russian ancestry and 28.3% have Asian ancestry.

Bay 14th St / 86th St is also pretty special linguistically. Significantly, 21.1% 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 99.3% of the neighborhoods in America.

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 Bay 14th St / 86th St neighborhood. What is interesting to note, is that the Bay 14th St / 86th St neighborhood has a greater percentage of residents born in another country (57.4%) than are found in 98.9% 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 Bay 14th St / 86th St 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 62.5% of U.S. neighborhoods. In addition, 8.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 54.5% of America'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 Bay 14th St / 86th St neighborhood, 41.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.5%), and 9.3% in clerical, assistant, and tech support 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 Bay 14th St / 86th St neighborhood is English, spoken by 31.4% of households. Other important languages spoken here include Chinese, Spanish and Italian.

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 Bay 14th St / 86th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (28.3%). There are also a number of people of Italian ancestry (16.3%), and residents who report Russian roots (13.5%), and some of the residents are also of Mexican ancestry (6.4%), along with some Polish ancestry residents (5.1%), among others. In addition, 57.4% 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 Bay 14th St / 86th St neighborhood spend between 45 minutes and one hour commuting one-way to work (43.4% of working residents), longer and tougher than most commutes in America.

Here most residents (49.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.5%) and 9.4% of residents also ride the bus 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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