Park Ave / Tompkins Ave median real estate price is $1,467,086, which is more expensive than 86.7% of the neighborhoods in New York and 96.2% of the neighborhoods in the U.S.
The average rental price in Park Ave / Tompkins Ave is currently $1,516, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.9% of New York neighborhoods.
Park Ave / Tompkins Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Park Ave / Tompkins Ave 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 Park Ave / Tompkins Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.
In Park Ave / Tompkins Ave, 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 Park Ave / Tompkins Ave 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 Park Ave / Tompkins Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
96.7% of the real estate in the Park Ave / Tompkins Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America. With a real estate vacancy rate of only 0.0%, the Park Ave / Tompkins Ave 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 154,675 people per square mile, it is more densely populated than 99.9% of America's neighborhoods.
Furthermore, the real estate in the Park Ave / Tompkins Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 95.6% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Park Ave / Tompkins Ave neighborhood has more single mother households than 99.9% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.
In addition, one of the unique characteristics of the Park Ave / Tompkins Ave neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 99.2% of the neighborhoods in America. Also of note, 57.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
More people ride the bus in this neighborhood each day to get to work than 99.6% of U.S. neighborhoods.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 43.3% of the Park Ave / Tompkins Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.2% of America's neighborhoods.
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 Park Ave / Tompkins Ave neighborhood have a highly unusual car ownership. 65.9% 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.
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 Park Ave / Tompkins Ave neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 15.5% of its workforce, this neighborhood has a greater concentration of government workers than 97.5% of U.S. neighborhoods.
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 Park Ave / Tompkins Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% 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 Park Ave / Tompkins Ave neighborhood has more Dominican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.7% of this neighborhood's residents have Dominican ancestry and 5.5% have Haitian ancestry.
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 Park Ave / Tompkins Ave 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 99.2% of U.S. neighborhoods. With 57.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.5% 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 Park Ave / Tompkins Ave neighborhood, 47.6% of the working population is employed in clerical, assistant, and tech support 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 28.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.5%), and 15.5% in government jobs, whether they are in local, state, or federal positions.
Languages
The most common language spoken in the Park Ave / Tompkins Ave neighborhood is English, spoken by 59.0% of households. Some people also speak Spanish (34.6%).
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Park Ave / Tompkins Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (19.7%). There are also a number of people of Puerto Rican ancestry (13.8%), and residents who report Mexican roots (9.1%), and some of the residents are also of Haitian ancestry (5.5%), along with some French ancestry residents (1.7%), among others. In addition, 13.8% 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 Park Ave / Tompkins Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (41.3% of working residents), longer and tougher than most commutes in America.
Here most residents (43.3%) take the train to get to work. In addition, quite a number also ride the bus to get to work (27.6%) and 12.4% of residents also drive alone in a private automobile 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.
