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Real Estate Prices & Overview

Midwood East median real estate price is $1,075,614, which is more expensive than 79.5% of the neighborhoods in New York and 92.9% of the neighborhoods in the U.S.

The average rental price in Midwood East is currently $2,698, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.0% of New York neighborhoods.

Midwood East is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Midwood East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Midwood East 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.

In Midwood East, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Midwood East is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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 Midwood East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Midwood East neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Midwood East community truly stands out from the rest in this regard.

Real Estate

If you like crowded places, then you will probably enjoy the the Midwood East neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 28,863 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 Midwood East neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

In the Midwood East neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 13.7% of residents here. This is a higher proportion of walking commuters than we found in 96.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, in the Midwood East neighborhood, 12.1% 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 95.7% of the neighborhoods in America.

Diversity

Did you know that the Midwood East neighborhood has more Ukrainian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.3% of this neighborhood's residents have Ukrainian ancestry and 3.3% have Eastern European ancestry.

Midwood East is also pretty special linguistically. Significantly, 6.9% 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.

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 Midwood East 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 66.4% of the neighborhoods in America. In addition, 0.0% 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 100.0% 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 Midwood East neighborhood, 64.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.9%), and 5.2% 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 Midwood East neighborhood is English, spoken by 59.4% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Russian and German/Yiddish.

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 Midwood East neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (8.6%). There are also a number of people of Polish ancestry (8.6%), and residents who report Ukrainian roots (5.3%), and some of the residents are also of Russian ancestry (5.1%), along with some Arab ancestry residents (4.8%), among others. In addition, 39.3% 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 Midwood East neighborhood spend between 45 minutes and one hour commuting one-way to work (29.1% of working residents), longer and tougher than most commutes in America.

Here most residents (34.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (16.2%) and 13.7% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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