58th St / 9th Ave median real estate price is $1,985,283, which is more expensive than 94.2% of the neighborhoods in New York and 98.4% of the neighborhoods in the U.S.
The average rental price in 58th St / 9th Ave is currently $2,661, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.7% of New York neighborhoods.
58th St / 9th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
58th St / 9th 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 58th St / 9th Ave 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in 58th St / 9th Ave. The current real estate vacancy rate here is 22.4%. This is higher than the rate of vacancies in 89.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
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.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the 58th St / 9th Ave neighborhood buck this trend. 73.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. neighborhoods.
Real Estate
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 100,818 people per square mile, it is more densely populated than 99.7% 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 58th St / 9th 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 58th St / 9th 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 45.6% of the real estate here is made up of such dwellings, which is higher than 97.9% of all U.S. neighborhoods.
Furthermore, renter-occupied real estate is dominant in the 58th St / 9th Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.7%, which is higher than 95.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, 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 58.0% of the residential real estate in the 58th St / 9th Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the 58th St / 9th Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.6% of all American neighborhoods.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 33.6% of the 58th St / 9th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.4% of America's neighborhoods.
Also, our research shows that more people carpool to work here in the 58th St / 9th Ave (27.1%) than in 98.0% of the neighborhoods in America.
Finally, more people in 58th St / 9th Ave choose to walk to work each day (17.7%) 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.
People
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 58th St / 9th Ave neighborhood may actually hold the key. 71.0% of its residents are married, which is a higher percentage than is found in 97.0% of the neighborhoods in America.
In addition, the 58th St / 9th Ave neighborhood stands out for having an average per capita income lower than 96.0% of the neighborhoods in the United States.
Diversity
Did you know that the 58th St / 9th Ave neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 81.5% of this neighborhood's residents have Asian ancestry.
58th St / 9th Ave is also pretty special linguistically. Significantly, 80.2% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 100.0% of all U.S. neighborhoods.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the 58th St / 9th Ave neighborhood. What is interesting to note, is that the 58th St / 9th Ave neighborhood has a greater percentage of residents born in another country (69.4%) than are found in 99.7% 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 58th St / 9th 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 96.0% of U.S. neighborhoods. With 48.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.5% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the 58th St / 9th Ave neighborhood, 52.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.0%), and 10.8% in executive, management, and professional 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 58th St / 9th Ave neighborhood is Chinese, spoken by 80.2% of households. Other important languages spoken here include English and Spanish.
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 58th St / 9th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (81.5%). There are also a number of people of Mexican ancestry (3.1%), and residents who report Haitian roots (1.2%). In addition, 69.4% 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 58th St / 9th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (49.2% of working residents), longer and tougher than most commutes in America.
Here most residents (33.6%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (27.1%) and 17.7% of residents also hop out the door and walk to work 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.
