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Real Estate Prices & Overview

Lorimer St / Scholes St median real estate price is $2,322,306, which is more expensive than 97.0% of the neighborhoods in New York and 99.3% of the neighborhoods in the U.S.

The average rental price in Lorimer St / Scholes St is currently $2,601, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.4% of New York neighborhoods.

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

Lorimer St / Scholes St 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Lorimer St / Scholes St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In Lorimer St / Scholes St, the current vacancy rate is 2.5%, which is a lower rate of vacancies than 83.4% of all neighborhoods in the U.S. This means that the housing supply in Lorimer St / Scholes St 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 Lorimer St / Scholes St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Lorimer St / Scholes St neighborhood, 58.4% 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 99.8% of the neighborhoods in America.

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 Lorimer St / Scholes St neighborhood has a highly unusual pattern of car ownership. 72.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. neighborhoods.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 74,033 people per square mile, it is more densely populated than 99.2% of America's neighborhoods.

In addition, one of the really unique and interesting things about the look and setting of the Lorimer St / Scholes St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 86.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.6% of all neighborhoods in America.

Furthermore, renter-occupied real estate is dominant in the Lorimer St / Scholes St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.6%, which is higher than 96.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Diversity

Did you know that the Lorimer St / Scholes St neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.1% of this neighborhood's residents have Dominican ancestry and 15.0% have Puerto Rican ancestry.

Lorimer St / Scholes St is also pretty special linguistically. Significantly, 16.9% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.0% 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 Lorimer St / Scholes St 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 51.1% of the neighborhoods in America. With 32.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Lorimer St / Scholes St neighborhood, 49.6% 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 20.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.5%), and 10.7% 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 Lorimer St / Scholes St neighborhood is English, spoken by 45.2% of households. Other important languages spoken here include Spanish, Chinese and Polish.

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 Lorimer St / Scholes St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (22.5%). There are also a number of people of Puerto Rican ancestry (15.0%), and residents who report Dominican roots (8.1%), and some of the residents are also of Polish ancestry (5.9%), along with some Italian ancestry residents (4.9%), among others. In addition, 30.0% 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 Lorimer St / Scholes St neighborhood spend between 30 and 45 minutes commuting one-way to work (44.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (58.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (7.2%) and 6.9% 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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