Farragut Rd / Troy Ave median real estate price is $834,609, which is more expensive than 62.5% of the neighborhoods in New York and 85.6% of the neighborhoods in the U.S.
The average rental price in Farragut Rd / Troy Ave is currently $2,400, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 62.5% of New York neighborhoods.
Farragut Rd / Troy Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Farragut Rd / Troy Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Farragut Rd / Troy 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 1940 and 1969.
Vacant apartments or homes are a major fact of life in Farragut Rd / Troy Ave. The current real estate vacancy rate here is 17.9%. This is higher than the rate of vacancies in 84.7% 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.
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.
If you love row houses and attached homes, you will probably really like the Farragut Rd / Troy Ave neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 26.0% of the residential real estate here is classified as row houses and attached homes.
In addition, if you like crowded places, then you will probably enjoy the the Farragut Rd / Troy Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.4% of neighborhoods in the U.S., with 26,871 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 Farragut Rd / Troy Ave neighborhood is one of the most walkable neighborhoods in America.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 32.5% of the Farragut Rd / Troy Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.5% of America's neighborhoods.
Also, our research revealed that more commuters here take the bus to work (14.9% ride the bus) than 97.5% 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.
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 Farragut Rd / Troy Ave neighborhood have a highly unusual car ownership. 23.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.9% of U.S. neighborhoods.
Did you know that the Farragut Rd / Troy Ave neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.4% of this neighborhood's residents have Jamaican ancestry and 3.7% have Haitian ancestry.
Farragut Rd / Troy Ave is also pretty special linguistically. Significantly, 5.5% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.
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 Farragut Rd / Troy Ave neighborhood has a greater percentage of residents born in another country (46.9%) than are found in 96.6% 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 Farragut Rd / Troy Ave neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.2% of the neighborhoods in America. With 14.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.5% 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 Farragut Rd / Troy Ave neighborhood, 39.4% 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 27.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.7%), and 16.6% 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 Farragut Rd / Troy Ave neighborhood is English, spoken by 88.5% of households. Other important languages spoken here include French, Spanish and African languages.
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 Farragut Rd / Troy Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (23.4%). There are also a number of people of Sub-Saharan African ancestry (5.4%), and residents who report African roots (5.0%), and some of the residents are also of Haitian ancestry (3.7%), along with some South American ancestry residents (2.1%), among others. In addition, 46.9% 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 Farragut Rd / Troy Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (37.1% of working residents), longer and tougher than most commutes in America.
Here most residents (37.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (32.5%) and 14.9% of residents also ride the bus 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.