81st St / 17th Ave median real estate price is $1,438,361, which is more expensive than 86.5% of the neighborhoods in New York and 96.0% of the neighborhoods in the U.S.
The average rental price in 81st St / 17th Ave is currently $3,310, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.2% of the neighborhoods in New York.
81st St / 17th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
81st St / 17th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 81st St / 17th 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 1940 and 1969.
Real estate vacancies in 81st St / 17th Ave are 5.3%, which is lower than one will find in 63.1% of American neighborhoods. Demand for real estate in 81st St / 17th Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 81st St / 17th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The 81st St / 17th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 58,620 persons per square mile in the neighborhood, it is more packed with people than 98.8% 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 81st St / 17th Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The 81st St / 17th Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 66.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.6% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The 81st St / 17th Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 65.9% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.9% of the neighborhoods in the United States.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 40.0% of the 81st St / 17th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's neighborhoods.
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the 81st St / 17th Ave neighborhood is a fantastic option for bicycle commuters, as 2.8% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.5% of the neighborhoods in America.
American households most often have a car, and regularly they have two or three. But households in the 81st St / 17th Ave neighborhood buck this trend. 27.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.8% of U.S. neighborhoods.
The 81st St / 17th Ave neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.9% of college-friendly places to live in NY.
Did you know that the 81st St / 17th Ave neighborhood has more Asian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 50.2% of this neighborhood's residents have Asian ancestry and 1.7% have Ukrainian ancestry.
81st St / 17th Ave is also pretty special linguistically. Significantly, 38.5% 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 99.8% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the 81st St / 17th Ave neighborhood has a greater percentage of residents born in another country (55.9%) than are found in 98.7% of all U.S. neighborhoods.
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 81st St / 17th Ave 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 47.4% of the neighborhoods in America. In addition, 3.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 70.6% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the 81st St / 17th Ave neighborhood, 31.9% 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 26.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (25.2%), and 16.6% 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 81st St / 17th Ave neighborhood is Chinese, spoken by 38.5% of households. Other important languages spoken here include English, Spanish and Italian.
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 81st St / 17th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (50.2%). There are also a number of people of Italian ancestry (13.7%), and residents who report Irish roots (8.0%), and some of the residents are also of German ancestry (2.9%), along with some Ukrainian ancestry residents (1.7%), among others. In addition, 55.9% of the residents of this neighborhood were born in another country.
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 81st St / 17th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (45.7% of working residents), longer and tougher than most commutes in America.
Here most residents (40.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (20.9%) and 8.9% 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.
