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Real Estate Prices & Overview

Cypress Hills median real estate price is $626,493, which is more expensive than 51.5% of the neighborhoods in New York and 77.9% of the neighborhoods in the U.S.

The average rental price in Cypress Hills is currently $3,508, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.9% of the neighborhoods in New York.

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

Cypress Hills 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 Cypress Hills 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.

Cypress Hills has a 15.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.9% of American neighborhoods). A relatively large percentage of housing here is seasonally occupied (8.7%), which can occur in some markets dominated by colleges or vacation homes. If you live here year round, you will find many of the homes or apartments are empty for all or a portion of the year.

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

Real Estate

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 Cypress Hills 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 84.5% of the real estate here is made up of such dwellings, which is higher than 100.0% of all U.S. neighborhoods.

In addition, the Cypress Hills neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 52,698 persons per square mile in the neighborhood, it is more packed with people than 98.6% 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 Cypress Hills neighborhood is one of the most walkable neighborhoods in America.

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 68.9% of the residential real estate in the Cypress Hills neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.4% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 52.3% of the Cypress Hills neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.5% of America's neighborhoods.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Cypress Hills neighborhood have a highly unusual car ownership. 41.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.2% of U.S. neighborhoods.

Occupations

There are more people living in the Cypress Hills neighborhood employed as sales and service workers (60.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Diversity

Did you know that the Cypress Hills neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.0% of this neighborhood's residents have Dominican ancestry and 15.7% have Puerto Rican ancestry.

Cypress Hills is also pretty special linguistically. Significantly, 61.6% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.0% of all U.S. neighborhoods.

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 Cypress Hills neighborhood. More residents of the Cypress Hills neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.8% 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 Cypress Hills neighborhood has a greater percentage of residents born in another country (45.3%) than are found in 96.2% of all U.S. neighborhoods.

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 Cypress Hills 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. With 42.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.7% 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 Cypress Hills neighborhood, 39.2% 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 22.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.7%), and 17.1% in executive, management, and professional occupations.

Languages

The most common language spoken in the Cypress Hills neighborhood is Spanish, spoken by 61.6% of households. Some people also speak English (30.2%).

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 Cypress Hills neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (20.0%). There are also a number of people of Puerto Rican ancestry (15.7%), and residents who report South American roots (11.2%), and some of the residents are also of Mexican ancestry (7.4%), along with some Sub-Saharan African ancestry residents (1.3%), among others. In addition, 45.3% 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 Cypress Hills neighborhood spend between 45 minutes and one hour commuting one-way to work (44.8% of working residents), longer and tougher than most commutes in America.

Here most residents (52.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.8%) and 7.2% 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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