Wallabout St / Wythe Ave median real estate price is $1,779,291, which is more expensive than 89.5% of the neighborhoods in New York and 96.6% of the neighborhoods in the U.S.
The average rental price in Wallabout St / Wythe Ave is currently $3,869, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.7% of the neighborhoods in New York.
Wallabout St / Wythe Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Wallabout St / Wythe Ave real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Wallabout St / Wythe Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in Wallabout St / Wythe Ave are 3.0%, which is lower than one will find in 79.1% of American neighborhoods. Demand for real estate in Wallabout St / Wythe Ave 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
More people in Wallabout St / Wythe Ave choose to walk to work each day (55.3%) 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.
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 66,569 people per square mile, it is more densely populated than 99.1% 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 Wallabout St / Wythe Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, 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 Wallabout St / Wythe Ave 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 40.0% of the real estate here is made up of such dwellings, which is higher than 97.1% of all U.S. neighborhoods.
Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Wallabout St / Wythe Ave neighborhood may actually hold the key. 75.0% of its residents are married, which is a higher percentage than is found in 99.0% of the neighborhoods in America.
In addition, the Wallabout St / Wythe Ave neighborhood has a greater percentage of children living in poverty (54.2%) than found in 95.6% 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.
Also, the Wallabout St / Wythe Ave neighborhood is unique for having just 7.4% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.2% of America's neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Wallabout St / Wythe Ave neighborhood buck this trend. 50.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.
Did you know that the Wallabout St / Wythe Ave neighborhood has more Hungarian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.4% of this neighborhood's residents have Hungarian ancestry and 7.6% have Eastern European ancestry.
Wallabout St / Wythe Ave is also pretty special linguistically. Significantly, 88.9% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 100.0% 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 Wallabout St / Wythe 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 90.0% of U.S. neighborhoods. With 54.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.6% 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 Wallabout St / Wythe Ave neighborhood, 46.6% 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 33.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (9.2%), and 7.6% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Wallabout St / Wythe Ave neighborhood is German/Yiddish, spoken by 88.9% of households. Some people also speak English (6.6%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Wallabout St / Wythe Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Hungarian (21.4%). There are also a number of people of Eastern European ancestry (7.6%), and residents who report Romanian roots (2.8%), and some of the residents are also of Polish ancestry (1.8%), along with some English ancestry residents (1.1%), among others.
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 Wallabout St / Wythe Ave neighborhood spend under 15 minutes commuting one-way to work (49.9% of working residents), one of the shortest commutes across America.
Here most residents (55.3%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (19.4%) and 8.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
