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Real Estate Prices & Overview

Maple St / E 48th St median real estate price is $965,375, which is more expensive than 74.8% of the neighborhoods in New York and 90.7% of the neighborhoods in the U.S.

The average rental price in Maple St / E 48th St is currently $2,066, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.6% of New York neighborhoods.

Maple St / E 48th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Maple St / E 48th 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 occupied by a mixture of owners and renters. Many of the residences in the Maple St / E 48th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 6.2% in Maple St / E 48th St. NeighborhoodScout analysis shows that this rate is lower than 58.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Maple St / E 48th 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 Maple St / E 48th St neighborhood, 54.1% 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 99.6% of the neighborhoods in America.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Maple St / E 48th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 20.3% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.6% of all neighborhoods in America.

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 67,655 people per square mile, it is more densely populated than 99.1% of America'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 Maple St / E 48th St neighborhood is one of the most walkable neighborhoods in America.

In addition, 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 Maple St / E 48th St 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 34.2% of the real estate here is made up of such dwellings, which is higher than 95.9% of all U.S. neighborhoods.

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 Maple St / E 48th St neighborhood has a highly unusual pattern of car ownership. 38.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.0% of U.S. neighborhoods.

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 Maple St / E 48th St neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.4% of its workforce, this neighborhood has a greater concentration of government workers than 96.7% of U.S. neighborhoods.

People

There is an especially high percentage of incarcerated people (1.1%) living in the Maple St / E 48th St neighborhood.

Diversity

Did you know that the Maple St / E 48th St neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.0% of this neighborhood's residents have African ancestry and 25.1% have Sub-Saharan African ancestry.

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 Maple St / E 48th St neighborhood. More residents of the Maple St / E 48th St neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.2% 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 Maple St / E 48th St neighborhood has a greater percentage of residents born in another country (50.9%) than are found in 97.9% 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 Maple St / E 48th St neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.3% of U.S. neighborhoods. With 15.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.9% 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 Maple St / E 48th St neighborhood, 43.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.9%), and 14.4% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Maple St / E 48th St neighborhood is English, spoken by 95.5% of households.

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 Maple St / E 48th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (25.1%). There are also a number of people of African ancestry (24.0%), and residents who report Jamaican roots (6.5%), and some of the residents are also of Haitian ancestry (1.4%), along with some German ancestry residents (1.1%), among others. In addition, 50.9% 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 Maple St / E 48th St neighborhood spend between 30 and 45 minutes commuting one-way to work (32.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (20.3%) who commute over an hour in each direction.

Here most residents (54.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (19.8%) and 9.8% of residents also carpool with coworkers, friends, or neighbors 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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