Cortelyou Rd / E 37th St median real estate price is $783,003, which is more expensive than 65.4% of the neighborhoods in New York and 86.3% of the neighborhoods in the U.S.
Average rental prices in the Cortelyou Rd / E 37th St neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.
Cortelyou Rd / E 37th St is a rural neighborhood (based on population density) located in Brooklyn, New York.
Cortelyou Rd / E 37th St real estate is primarily made up of medium sized (three or four bedroom) single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Cortelyou Rd / E 37th 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 2000 and the present.
In Cortelyou Rd / E 37th St, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Cortelyou Rd / E 37th St is very tight compared to the demand for property here.
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 Cortelyou Rd / E 37th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Real estate in the Cortelyou Rd / E 37th St neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood. With a real estate vacancy rate of only 0.0%, the Cortelyou Rd / E 37th St neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Cortelyou Rd / E 37th St neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American 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 Cortelyou Rd / E 37th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 100.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 100.0% of the neighborhoods in the United States.
People
Of note is NeighborhoodScout's research finding that the Cortelyou Rd / E 37th St 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 Cortelyou Rd / E 37th St community truly stands out from the rest in this regard.
In addition, the rate of college educated adults in the Cortelyou Rd / E 37th St neighborhood is a unique characteristic of the neighborhood. 100.0% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 100.0% of all U.S. neighborhoods.
Also, if you're looking for a great spot to raise a family, then look no further than the Cortelyou Rd / E 37th St neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 14.1% of family-friendly neighborhoods across the state of New York. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 75.0% of the Cortelyou Rd / E 37th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 100.0% of America's neighborhoods.
Also, our research shows that more people carpool to work here in the Cortelyou Rd / E 37th St (25.0%) than in 97.1% of the neighborhoods in America.
Occupations
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Cortelyou Rd / E 37th St neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 41.7% of its workforce, this neighborhood has a greater concentration of government workers than 100.0% of U.S. neighborhoods.
Diversity
Significantly, 68.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.2% of all U.S. neighborhoods.
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 Cortelyou Rd / E 37th St neighborhood in Brooklyn are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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 Cortelyou Rd / E 37th St neighborhood, 41.7% of the working population is employed in government jobs, whether they are in local, state, or federal positions. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 41.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (33.3%), and 25.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Cortelyou Rd / E 37th St neighborhood is Spanish, spoken by 68.8% of households. Some people also speak English (31.3%).
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 Cortelyou Rd / E 37th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).
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 Cortelyou Rd / E 37th St neighborhood spend between 30 and 45 minutes commuting one-way to work (100.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (75.0%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (25.0%) . 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.
