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Real Estate Prices & Overview

Bushwick East median real estate price is $1,422,109, which is more expensive than 85.0% of the neighborhoods in New York and 94.9% of the neighborhoods in the U.S.

The average rental price in Bushwick East is currently $3,997, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.5% of the neighborhoods in New York.

Bushwick East is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Bushwick East 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 Bushwick East 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.

In Bushwick East, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 81.1% of all neighborhoods in the U.S. This means that the housing supply in Bushwick East is very tight compared to the demand for property here.

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 Bushwick East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Bushwick East neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,118 persons per square mile in the neighborhood, it is more packed with people than 98.7% of the nation'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 Bushwick East neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 89.5% of the real estate in the Bushwick East neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Bushwick East neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 36.3% of the real estate here is made up of such dwellings, which is higher than 96.3% of all U.S. neighborhoods.

Also of note, 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 62.3% of the residential real estate in the Bushwick East neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.1% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 45.3% of the Bushwick East neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.1% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 96.2% of U.S. neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Bushwick East neighborhood buck this trend. 53.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.

People

The Bushwick East neighborhood has a greater percentage of children living in poverty (67.1%) than found in 98.1% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Diversity

Did you know that the Bushwick East neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.9% of this neighborhood's residents have Dominican ancestry and 23.8% have Puerto Rican ancestry.

The Neighbors

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 Bushwick East 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 61.2% of U.S. neighborhoods. With 67.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.1% 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 Bushwick East neighborhood, 26.3% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.5%), and 23.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Bushwick East neighborhood is Spanish, spoken by 47.3% of households. Some people also speak English (38.5%).

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 Bushwick East neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (23.8%). There are also a number of people of Dominican ancestry (16.9%), and residents who report Mexican roots (12.4%), and some of the residents are also of South American ancestry (5.2%), along with some Russian ancestry residents (3.1%), among others. In addition, 31.9% 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 Bushwick East neighborhood spend between 45 minutes and one hour commuting one-way to work (51.8% of working residents), longer and tougher than most commutes in America.

Here most residents (45.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.7%) and 12.5% 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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