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Real Estate Prices & Overview

Empire Blvd / Albany Ave median real estate price is $1,351,034, which is more expensive than 83.1% of the neighborhoods in New York and 94.2% of the neighborhoods in the U.S.

The average rental price in Empire Blvd / Albany Ave is currently $3,197, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.3% of New York neighborhoods.

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

Empire Blvd / Albany 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 Empire Blvd / Albany 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 Empire Blvd / Albany Ave are 5.2%, which is lower than one will find in 65.3% of American neighborhoods. Demand for real estate in Empire Blvd / Albany 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.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

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 76,664 people per square mile, it is more densely populated than 99.3% 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 Empire Blvd / Albany Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the real estate in the Empire Blvd / Albany 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, 75.0% 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, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 70.3% of the residential real estate in the Empire Blvd / Albany Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

More people in Empire Blvd / Albany Ave choose to walk to work each day (27.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, in the Empire Blvd / Albany Ave neighborhood, 35.5% 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 98.5% of the neighborhoods in America.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.9% of 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 Empire Blvd / Albany Ave neighborhood has a highly unusual pattern of car ownership. 44.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.

Diversity

Did you know that the Empire Blvd / Albany Ave neighborhood has more Eastern European and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.9% of this neighborhood's residents have Eastern European ancestry and 7.1% have Haitian ancestry.

Empire Blvd / Albany Ave is also pretty special linguistically. Significantly, 11.2% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.6% 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 Empire Blvd / Albany Ave 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 81.8% of U.S. neighborhoods. With 46.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.4% 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 Empire Blvd / Albany Ave neighborhood, 51.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 20.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.2%), and 11.7% 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 Empire Blvd / Albany Ave neighborhood is English, spoken by 72.2% of households. Other important languages spoken here include German/Yiddish, French and Spanish.

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 Empire Blvd / Albany Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (7.1%). There are also a number of people of Polish ancestry (6.1%), and residents who report Eastern European roots (4.9%), and some of the residents are also of Russian ancestry (4.8%), along with some Sub-Saharan African ancestry residents (3.8%), among others. In addition, 26.4% 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 Empire Blvd / Albany Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (43.3% of working residents), longer and tougher than most commutes in America.

Here most residents (35.5%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.3%) and 12.0% 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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