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Real Estate Prices & Overview

Herkimer St / Buffalo Ave median real estate price is $1,677,918, which is more expensive than 93.0% of the neighborhoods in New York and 98.1% of the neighborhoods in the U.S.

The average rental price in Herkimer St / Buffalo Ave is currently $2,953, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.9% of New York neighborhoods.

Herkimer St / Buffalo Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Herkimer St / Buffalo Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Herkimer St / Buffalo 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 1970 and 1999.

Real estate vacancies in Herkimer St / Buffalo Ave are 3.4%, which is lower than one will find in 77.6% of American neighborhoods. Demand for real estate in Herkimer St / Buffalo 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.

Modes of Transportation

In the Herkimer St / Buffalo Ave neighborhood, 56.8% 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 99.7% of the neighborhoods in America.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Herkimer St / Buffalo Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 59.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.2% of America's neighborhoods.

In addition, the Herkimer St / Buffalo Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,456 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods. 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 Herkimer St / Buffalo Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

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 Herkimer St / Buffalo Ave neighborhood has a highly unusual pattern of car ownership. 58.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

People

Single parenting is hard. But you don't have to tell the Herkimer St / Buffalo Ave neighborhood about it; they already know. 21.6% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 97.8% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, neighborhoodScout's analysis shows that the Herkimer St / Buffalo Ave neighborhood has a greater concentration of residents currently enrolled in college than 95.2% of the neighborhoods in the U.S. With 11.0% of the population here attending college, this is very much a college-focused neighborhood.

Diversity

Did you know that the Herkimer St / Buffalo Ave neighborhood has more Jamaican and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.2% of this neighborhood's residents have Jamaican ancestry and 2.6% have Iranian ancestry.

Herkimer St / Buffalo Ave is also pretty special linguistically. Significantly, 5.0% 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 97.6% of the neighborhoods in America.

The Neighbors

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 Herkimer St / Buffalo Ave neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.2% of the neighborhoods in America. With 51.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.6% of U.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 Herkimer St / Buffalo Ave neighborhood, 39.2% 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 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.6%), and 11.7% 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 Herkimer St / Buffalo Ave neighborhood is English, spoken by 67.9% of households. Other important languages spoken here include Spanish, French and German/Yiddish.

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 Herkimer St / Buffalo Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (12.2%). There are also a number of people of Puerto Rican ancestry (9.8%), and residents who report Dominican roots (7.9%), and some of the residents are also of Haitian ancestry (6.2%), along with some Sub-Saharan African ancestry residents (4.9%), among others. In addition, 25.8% 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 Herkimer St / Buffalo Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (43.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (56.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (8.9%) and 7.9% of residents also hop out the door and walk to work 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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