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Real Estate Prices & Overview

Park Pl / Rochester Ave median real estate price is $1,481,923, which is more expensive than 91.2% of the neighborhoods in New York and 97.4% of the neighborhoods in the U.S.

The average rental price in Park Pl / Rochester Ave is currently $2,326, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.6% of New York neighborhoods.

Park Pl / Rochester Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Park Pl / Rochester 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 Park Pl / Rochester 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 2000 and the present.

Home and apartment vacancy rates are 7.8% in Park Pl / Rochester Ave. NeighborhoodScout analysis shows that this rate is lower than 49.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 58.3% of the Park Pl / Rochester Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.8% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 97.3% of U.S. neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Park Pl / Rochester Ave neighborhood buck this trend. 73.0% 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 67,539 people per square mile, it is more densely populated than 99.1% of America'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 Park Pl / Rochester Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the real estate in the Park Pl / Rochester Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 75.2% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.9% of American neighborhoods.

Furthermore, renter-occupied real estate is dominant in the Park Pl / Rochester Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.8%, which is higher than 95.6% 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.

People

One of the most interesting things about the Park Pl / Rochester Ave neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 54.3% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 97.5% of the neighborhoods in America.

Diversity

Did you know that the Park Pl / Rochester Ave neighborhood has more Jamaican and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.7% of this neighborhood's residents have Jamaican ancestry and 1.6% have Belgian ancestry.

Park Pl / Rochester Ave is also pretty special linguistically. Significantly, 7.8% 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 98.7% 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 Park Pl / Rochester 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 93.4% of U.S. neighborhoods. With 32.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.3% 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 Park Pl / Rochester Ave neighborhood, 31.2% 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 27.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.4%), and 19.8% in clerical, assistant, and tech support 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 Park Pl / Rochester Ave neighborhood is English, spoken by 67.9% 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 Park Pl / Rochester Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (12.3%). There are also a number of people of Jamaican ancestry (11.7%), and residents who report Haitian roots (7.9%), and some of the residents are also of South American ancestry (7.6%), along with some Sub-Saharan African ancestry residents (4.6%), among others. In addition, 34.1% 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 Park Pl / Rochester Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (51.0% of working residents), longer and tougher than most commutes in America.

Here most residents (58.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.2%) and 15.1% of residents also ride the bus 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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