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Real Estate Prices & Overview

51st St / 6th Ave median real estate price is $1,427,092, which is more expensive than 84.4% of the neighborhoods in New York and 93.6% of the neighborhoods in the U.S.

The average rental price in 51st St / 6th Ave is currently $3,166, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.5% of New York neighborhoods.

51st St / 6th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

51st St / 6th Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the 51st St / 6th 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 2000 and the present.

Real estate vacancies in 51st St / 6th Ave are 3.1%, which is lower than one will find in 79.7% of American neighborhoods. Demand for real estate in 51st St / 6th Ave 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

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 127,608 people per square mile, it is more densely populated than 99.9% of America'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 51st St / 6th Ave neighborhood is one of the most walkable neighborhoods in America.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the 51st St / 6th Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 56.2% of the real estate here is made up of such dwellings, which is higher than 98.9% of all U.S. neighborhoods.

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 74.0% of the residential real estate in the 51st St / 6th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

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 51st St / 6th Ave neighborhood has a highly unusual pattern of car ownership. 64.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.4% of U.S. neighborhoods.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the 51st St / 6th Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.7% of all American neighborhoods.

Modes of Transportation

In the 51st St / 6th Ave neighborhood, 34.2% 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 98.4% of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 97.1% of U.S. neighborhoods.

Finally, more people in 51st St / 6th Ave choose to walk to work each day (13.3%) 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.

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 51st St / 6th Ave 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 51st St / 6th Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.9% 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 96.3% of all 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 51st St / 6th Ave neighborhood. What is interesting to note, is that the 51st St / 6th Ave neighborhood has a greater percentage of residents born in another country (60.4%) than are found in 99.2% of all U.S. neighborhoods.

Diversity

Did you know that the 51st St / 6th Ave neighborhood has more Asian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 46.3% of this neighborhood's residents have Asian ancestry and 10.0% have Puerto Rican ancestry.

51st St / 6th Ave is also pretty special linguistically. Significantly, 44.3% 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.

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 51st St / 6th 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 67.0% of U.S. neighborhoods. With 25.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.5% 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 51st St / 6th Ave neighborhood, 45.8% 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 29.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.0%), and 9.3% 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 51st St / 6th Ave neighborhood is Spanish, spoken by 48.2% of households. Other important languages spoken here include Chinese and English.

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 51st St / 6th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (46.3%). There are also a number of people of Mexican ancestry (26.6%), and residents who report Puerto Rican roots (10.0%), and some of the residents are also of South American ancestry (4.6%), along with some Dominican ancestry residents (4.3%), among others. In addition, 60.4% 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 51st St / 6th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (39.8% of working residents), longer and tougher than most commutes in America.

Here most residents (34.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (18.3%) and 15.1% 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.


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