E 29th St / Ave R median real estate price is $1,076,467, which is more expensive than 80.2% of the neighborhoods in New York and 93.4% of the neighborhoods in the U.S.
The average rental price in E 29th St / Ave R is currently $3,273, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.0% of the neighborhoods in New York.
E 29th St / Ave R is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
E 29th St / Ave R real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the E 29th St / Ave R 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 E 29th St / Ave R are 5.3%, which is lower than one will find in 64.7% of American neighborhoods. Demand for real estate in E 29th St / Ave R 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 Brooklyn, the E 29th St / Ave R neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
The E 29th St / Ave R neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,121 persons per square mile in the neighborhood, it is more packed with people than 97.7% 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 E 29th St / Ave R neighborhood is one of the most walkable neighborhoods in America.
In addition, if you love row houses and attached homes, you will probably really like the E 29th St / Ave R neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 46.9% of the residential real estate here is classified as row houses and attached homes.
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 55.4% of the residential real estate in the E 29th St / Ave R neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
In the E 29th St / Ave R neighborhood, 35.4% 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 98.5% of the neighborhoods in America.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.6% of residents in the E 29th St / Ave R neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
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 E 29th St / Ave R neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 12.2% 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 97.3% of all neighborhoods in America.
People
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the E 29th St / Ave R neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.6% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the E 29th St / Ave R neighborhood.
Diversity
Did you know that the E 29th St / Ave R neighborhood has more Russian and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.5% of this neighborhood's residents have Russian ancestry and 0.9% have Yugoslav ancestry.
E 29th St / Ave R is also pretty special linguistically. Significantly, 6.8% 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 99.9% of the neighborhoods in America.
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 E 29th St / Ave R neighborhood in Brooklyn are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.9% of the neighborhoods in America. In addition, 7.9% 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 56.2% of America'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 29th St / Ave R neighborhood, 45.1% 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 22.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.9%), and 14.8% in manufacturing and laborer 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 E 29th St / Ave R neighborhood is English, spoken by 52.7% of households. Other important languages spoken here include Chinese, Russian and Spanish.
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 29th St / Ave R neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (24.1%). There are also a number of people of Russian ancestry (10.5%), and residents who report Irish roots (7.1%), and some of the residents are also of Puerto Rican ancestry (5.1%), along with some Dominican ancestry residents (3.3%), among others. In addition, 39.8% 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 E 29th St / Ave R neighborhood spend between 45 minutes and one hour commuting one-way to work (41.8% of working residents), longer and tougher than most commutes in America.
Here most residents (35.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (34.9%) and 6.2% of residents also carpool with coworkers, friends, or neighbors 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.
