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Real Estate Prices & Overview

24th Ave / Benson Ave median real estate price is $1,460,386, which is more expensive than 87.7% of the neighborhoods in New York and 96.2% of the neighborhoods in the U.S.

The average rental price in 24th Ave / Benson Ave is currently $2,923, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.7% of New York neighborhoods.

24th Ave / Benson Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

24th Ave / Benson Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 24th Ave / Benson Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.6% in 24th Ave / Benson Ave. NeighborhoodScout analysis shows that this rate is lower than 45.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The 24th Ave / Benson Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 59.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.2% of America's neighborhoods.

In addition, the 24th Ave / Benson Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 53,848 persons per square mile in the neighborhood, it is more packed with people than 98.6% 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 24th Ave / Benson Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 32.1% of the 24th Ave / Benson Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.3% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 97.2% of U.S. neighborhoods.

Diversity

Did you know that the 24th Ave / Benson Ave neighborhood has more Ukrainian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Ukrainian ancestry and 59.6% have Asian ancestry.

24th Ave / Benson Ave is also pretty special linguistically. Significantly, 49.0% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 99.9% of all U.S. neighborhoods.

Migration / Stability

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. What is interesting to note, is that the 24th Ave / Benson Ave neighborhood has a greater percentage of residents born in another country (57.8%) than are found in 99.0% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the 24th Ave / Benson Ave 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 62.5% of the neighborhoods in America. In addition, 8.2% 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 55.4% 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 24th Ave / Benson Ave neighborhood, 43.2% 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 20.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.2%), and 17.3% in manufacturing and laborer occupations.

Languages

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 24th Ave / Benson Ave neighborhood is Chinese, spoken by 49.0% of households. Other important languages spoken here include English, Spanish, Russian and Italian.

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 24th Ave / Benson Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (59.6%). There are also a number of people of Italian ancestry (7.7%), and residents who report Ukrainian roots (7.5%), and some of the residents are also of South American ancestry (2.8%), along with some Irish ancestry residents (2.2%), among others. In addition, 57.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 24th Ave / Benson Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (38.0% of working residents), longer and tougher than most commutes in America.

Here most residents (32.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (26.4%) and 14.7% 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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