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Real Estate Prices & Overview

Prospect Lefferts Gardens West median real estate price is $1,646,869, which is more expensive than 91.0% of the neighborhoods in New York and 97.4% of the neighborhoods in the U.S.

The average rental price in Prospect Lefferts Gardens West is currently $3,657, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.2% of the neighborhoods in New York.

Prospect Lefferts Gardens West is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Prospect Lefferts Gardens West 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Prospect Lefferts Gardens West 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 Prospect Lefferts Gardens West are 4.3%, which is lower than one will find in 71.5% of American neighborhoods. Demand for real estate in Prospect Lefferts Gardens West 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

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 Prospect Lefferts Gardens West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Prospect Lefferts Gardens West neighborhood, 63.7% 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 99.9% of the neighborhoods in America.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.8% of residents in the Prospect Lefferts Gardens West neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.4% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive 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 137,503 people per square mile, it is more densely populated than 99.9% 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 Prospect Lefferts Gardens West neighborhood is one of the most walkable neighborhoods in America.

In addition, one of the really unique and interesting things about the look and setting of the Prospect Lefferts Gardens West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 95.5% 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 99.1% of all neighborhoods in America.

Furthermore, the Prospect Lefferts Gardens West neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 95.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Also of note, renter-occupied real estate is dominant in the Prospect Lefferts Gardens West neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.0%, which is higher than 98.5% 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.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Prospect Lefferts Gardens West neighborhood have a highly unusual car ownership. 64.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.4% of U.S. neighborhoods.

Diversity

Did you know that the Prospect Lefferts Gardens West neighborhood has more West Indian and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have West Indian ancestry and 2.0% have Finnish ancestry.

Prospect Lefferts Gardens West is also pretty special linguistically. Significantly, 3.3% 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 95.9% 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 Prospect Lefferts Gardens West neighborhood in Brooklyn are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.9% of the neighborhoods in America. With 42.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.7% of U.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 Prospect Lefferts Gardens West neighborhood, 60.6% 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 16.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.2%), and 10.2% 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 Prospect Lefferts Gardens West neighborhood is English, spoken by 73.4% 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 Prospect Lefferts Gardens West neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (10.5%). There are also a number of people of Mexican ancestry (8.6%), and residents who report Asian roots (7.2%), and some of the residents are also of German ancestry (7.0%), along with some Irish ancestry residents (6.2%), among others. In addition, 29.3% 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 Prospect Lefferts Gardens West neighborhood spend between 30 and 45 minutes commuting one-way to work (41.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (63.7%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (10.9%) . 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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