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Real Estate Prices & Overview

E 4th St / Ave K median real estate price is $768,058, which is more expensive than 62.9% of the neighborhoods in New York and 85.2% of the neighborhoods in the U.S.

The average rental price in E 4th St / Ave K is currently $4,004, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.4% of the neighborhoods in New York.

E 4th St / Ave K is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 4th St / Ave K real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the E 4th St / Ave K neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In E 4th St / Ave K, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 93.1% of all neighborhoods in the U.S. This means that the housing supply in E 4th St / Ave K is very tight compared to the demand for property here.

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.

People

Of note is NeighborhoodScout's research finding that the E 4th St / Ave K 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 E 4th St / Ave K community truly stands out from the rest in this regard.

In addition, 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 4th St / Ave K neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.5% 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 4th St / Ave K neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for college students.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (20.3% ride the bus) than 98.7% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 30.7% of the E 4th St / Ave K neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.2% of America's neighborhoods.

Real Estate

If you love row houses and attached homes, you will probably really like the E 4th St / Ave K 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, 36.7% of the residential real estate here is classified as row houses and attached homes.

In addition, the E 4th St / Ave K neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 30,360 persons per square mile in the neighborhood, it is more packed with people than 97.0% 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 4th St / Ave K neighborhood is one of the most walkable neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the E 4th St / Ave K neighborhood buck this trend. 28.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.

Diversity

Did you know that the E 4th St / Ave K neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.6% of this neighborhood's residents have Jamaican ancestry and 6.0% have Haitian ancestry.

E 4th St / Ave K is also pretty special linguistically. Significantly, 6.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.4% 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 E 4th St / Ave K neighborhood. More residents of the E 4th St / Ave K neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.4% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while. What is interesting to note, is that the E 4th St / Ave K neighborhood has a greater percentage of residents born in another country (45.8%) than are found in 96.4% 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 E 4th St / Ave K neighborhood in Brooklyn are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 89.4% 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.

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 E 4th St / Ave K neighborhood, 35.9% 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 executive, management, and professional occupations, with 34.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.7%), and 13.1% 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 4th St / Ave K neighborhood is English, spoken by 83.4% of households. Other important languages spoken here include French, Arabic, Spanish 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 E 4th St / Ave K neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (14.4%). There are also a number of people of Jamaican ancestry (13.6%), and residents who report African roots (11.1%), and some of the residents are also of Haitian ancestry (6.0%), along with some Canadian ancestry residents (1.6%), among others. In addition, 45.8% 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 E 4th St / Ave K neighborhood spend between 45 minutes and one hour commuting one-way to work (50.8% of working residents), longer and tougher than most commutes in America.

Here most residents (36.9%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (30.7%) and 20.3% of residents also ride the bus 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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