Cortelyou Rd / E 37th St median real estate price is $813,885, which is more expensive than 63.2% of the neighborhoods in New York and 85.3% of the neighborhoods in the U.S.
Average rental prices in the Cortelyou Rd / E 37th St neighborhood are currently unreported, based on NeighborhoodScout's exclusive analysis.
Cortelyou Rd / E 37th St is a rural neighborhood (based on population density) located in Brooklyn, New York.
Cortelyou Rd / E 37th St real estate is primarily made up of medium sized (three or four bedroom) single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Cortelyou Rd / E 37th St 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 2000 and the present.
In Cortelyou Rd / E 37th St, 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 Cortelyou Rd / E 37th St is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Real Estate
Real estate in the Cortelyou Rd / E 37th St neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 99.8% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood. This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Cortelyou Rd / E 37th St neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the Cortelyou Rd / E 37th St neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all 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 100.0% of the residential real estate in the Cortelyou Rd / E 37th St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 100.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
People
In a nation where 1 out of every 4 children lives in poverty, the Cortelyou Rd / E 37th St neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, the rate of college educated adults in the Cortelyou Rd / E 37th St neighborhood is a unique characteristic of the neighborhood. 100.0% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 100.0% of all U.S. neighborhoods.
Also, if you're looking for a great spot to raise a family, then look no further than the Cortelyou Rd / E 37th St neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 13.4% of family-friendly neighborhoods across the state of New York. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
Modes of Transportation
In the Cortelyou Rd / E 37th St neighborhood, 75.0% 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 100.0% of the neighborhoods in America.
Also, our research shows that more people carpool to work here in the Cortelyou Rd / E 37th St (25.0%) than in 97.1% of the neighborhoods in America.
Occupations
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Cortelyou Rd / E 37th St neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 41.7% of its workforce, this neighborhood has a greater concentration of government workers than 100.0% of U.S. neighborhoods.
Diversity
Significantly, 68.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 97.2% 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 Cortelyou Rd / E 37th St neighborhood in Brooklyn are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America'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 Cortelyou Rd / E 37th St neighborhood, 41.7% of the working population is employed in government jobs, whether they are in local, state, or federal positions. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 41.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (33.3%), and 25.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Cortelyou Rd / E 37th St neighborhood is Spanish, spoken by 68.8% of households. Some people also speak English (31.3%).
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 Cortelyou Rd / E 37th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Spanish (0.0%).
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 Cortelyou Rd / E 37th St neighborhood spend between 30 and 45 minutes commuting one-way to work (100.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (75.0%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (25.0%) . 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.
