E 3rd St / Ave C median real estate price is $1,255,517, which is more expensive than 79.2% of the neighborhoods in New York and 92.8% of the neighborhoods in the U.S.
The average rental price in E 3rd St / Ave C is currently $3,638, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.9% of the neighborhoods in New York.
E 3rd St / Ave C is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
E 3rd St / Ave C 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 occupied by a mixture of owners and renters. Many of the residences in the E 3rd St / Ave C neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In E 3rd St / Ave C, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in E 3rd St / Ave C is very tight compared to the demand for property here.
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 E 3rd St / Ave C neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
With a real estate vacancy rate of only 0.0%, the E 3rd St / Ave C neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, 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 81,966 people per square mile, it is more densely populated than 99.4% 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 E 3rd St / Ave C neighborhood is one of the most walkable neighborhoods in America.
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 E 3rd St / Ave C neighborhood have a highly unusual car ownership. 52.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.8% of U.S. neighborhoods.
In the E 3rd St / Ave C neighborhood, 37.1% 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 98.8% 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 4.4% of residents in the E 3rd St / Ave C neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Did you know that the E 3rd St / Ave C neighborhood has more Eastern European and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.2% of this neighborhood's residents have Eastern European ancestry and 4.8% have Russian ancestry.
E 3rd St / Ave C is also pretty special linguistically. Significantly, 10.2% 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.
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 E 3rd St / Ave C 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 48.4% of the neighborhoods in America. With 27.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.1% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the E 3rd St / Ave C neighborhood, 56.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 17.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.0%), and 10.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 E 3rd St / Ave C neighborhood is English, spoken by 50.6% of households. Other important languages spoken here include German/Yiddish, Spanish and Polish.
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 E 3rd St / Ave C neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (18.9%). There are also a number of people of Eastern European ancestry (6.2%), and residents who report English roots (6.0%), and some of the residents are also of Russian ancestry (4.8%), along with some Irish ancestry residents (4.6%), among others. In addition, 30.2% of the residents of this neighborhood were born in another country.
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 E 3rd St / Ave C neighborhood spend between 45 minutes and one hour commuting one-way to work (47.7% of working residents), longer and tougher than most commutes in America.
Here most residents (37.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (22.5%) and 8.8% of residents also carpool with coworkers, friends, or neighbors 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.