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Real Estate Prices & Overview

Marcus Garvey Blvd / Myrtle Ave median real estate price is $1,241,327, which is more expensive than 86.3% of the neighborhoods in New York and 95.7% of the neighborhoods in the U.S.

The average rental price in Marcus Garvey Blvd / Myrtle Ave is currently $1,866, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.2% of New York neighborhoods.

Marcus Garvey Blvd / Myrtle Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Marcus Garvey Blvd / Myrtle Ave 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 Marcus Garvey Blvd / Myrtle Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Marcus Garvey Blvd / Myrtle Ave, the current vacancy rate is 2.2%, which is a lower rate of vacancies than 85.3% of all neighborhoods in the U.S. This means that the housing supply in Marcus Garvey Blvd / Myrtle Ave 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 Marcus Garvey Blvd / Myrtle Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Marcus Garvey Blvd / Myrtle Ave neighborhood buck this trend. 77.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.8% of U.S. neighborhoods.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (28.2% ride the bus) than 99.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 43.7% of the Marcus Garvey Blvd / Myrtle Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.0% of America's neighborhoods.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Marcus Garvey Blvd / Myrtle Ave neighborhood, is that an incredible 86.2% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

In addition, 100.0% of the real estate in the Marcus Garvey Blvd / Myrtle Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the Marcus Garvey Blvd / Myrtle Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,436 persons per square mile in the neighborhood, it is more packed with people than 98.7% of the nation's neighborhoods.

Also of note, one of the really unique and interesting things about the look and setting of the Marcus Garvey Blvd / Myrtle Ave neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 91.5% 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 98.4% of all 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 Marcus Garvey Blvd / Myrtle Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.4% 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 99.1% of all neighborhoods in America.

People

Of note, 71.6% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Diversity

Did you know that the Marcus Garvey Blvd / Myrtle Ave neighborhood has more Haitian and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.0% of this neighborhood's residents have Haitian ancestry and 6.4% have Dominican ancestry.

Marcus Garvey Blvd / Myrtle Ave is also pretty special linguistically. Significantly, 19.8% 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 99.7% 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 Marcus Garvey Blvd / Myrtle Ave 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 94.2% of U.S. neighborhoods. With 71.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.7% 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 Marcus Garvey Blvd / Myrtle Ave neighborhood, 30.2% of the working population is employed in clerical, assistant, and tech support 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 26.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.2%), and 19.0% in executive, management, and professional 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 Marcus Garvey Blvd / Myrtle Ave neighborhood is English, spoken by 48.0% of households. Other important languages spoken here include Spanish and French.

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 Marcus Garvey Blvd / Myrtle Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (29.0%). There are also a number of people of Puerto Rican ancestry (12.9%), and residents who report Mexican roots (8.6%), and some of the residents are also of Dominican ancestry (6.4%), along with some Asian ancestry residents (5.4%), among others. In addition, 25.8% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Marcus Garvey Blvd / Myrtle Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (40.8% of working residents), longer and tougher than most commutes in America.

Here most residents (43.7%) take the train to get to work. In addition, quite a number also ride the bus to get to work (28.2%) and 12.5% of residents also drive alone in a private automobile 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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