Flatlands Southwest median real estate price is $1,203,144, which is more expensive than 80.4% of the neighborhoods in New York and 93.6% of the neighborhoods in the U.S.
The average rental price in Flatlands Southwest is currently $2,547, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 59.5% of New York neighborhoods.
Flatlands Southwest is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Flatlands Southwest 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 townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Flatlands Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Flatlands Southwest are 5.3%, which is lower than one will find in 63.4% of American neighborhoods. Demand for real estate in Flatlands Southwest 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.
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 Flatlands Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Our research revealed that more commuters here take the bus to work (16.8% ride the bus) than 98.1% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, more people in Flatlands Southwest choose to walk to work each day (17.4%) 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.
Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 20.4% of the Flatlands Southwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.4% of America's neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Flatlands Southwest neighborhood buck this trend. 29.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.0% of U.S. neighborhoods.
If you like crowded places, then you will probably enjoy the the Flatlands Southwest neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.4% of neighborhoods in the U.S., with 26,920 people per square mile living here. 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 Flatlands Southwest neighborhood is one of the most walkable neighborhoods in America.
Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 35.6% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 95.0% of U.S. neighborhoods, where the average American neighborhood has 13.7% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Flatlands Southwest neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.6% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
Did you know that the Flatlands Southwest neighborhood has more Austrian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Austrian ancestry and 3.5% have Russian ancestry.
Flatlands Southwest is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.4% 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 Flatlands Southwest 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 61.5% of the neighborhoods in America. In addition, 9.8% 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 50.5% of America'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 Flatlands Southwest neighborhood, 43.1% 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 27.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.9%), and 12.2% in manufacturing and laborer occupations.
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 Flatlands Southwest neighborhood is English, spoken by 52.8% of households. Other important languages spoken here include Chinese and Russian.
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 Flatlands Southwest neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (3.9%). There are also a number of people of Russian ancestry (3.5%), and residents who report Italian roots (3.0%), and some of the residents are also of Puerto Rican ancestry (2.2%), along with some Irish ancestry residents (2.2%), among others. In addition, 28.9% of the residents of this neighborhood were born in another country.
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 Flatlands Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (32.8% of working residents), longer and tougher than most commutes in America.
Here most residents (31.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (20.4%) and 17.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.