Kings Hwy / E 55th St median real estate price is $832,131, which is more expensive than 62.2% of the neighborhoods in New York and 85.4% of the neighborhoods in the U.S.
The average rental price in Kings Hwy / E 55th St is currently $3,301, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.0% of the neighborhoods in New York.
Kings Hwy / E 55th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Kings Hwy / E 55th St 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 Kings Hwy / E 55th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Kings Hwy / E 55th St. The current real estate vacancy rate here is 17.3%. This is higher than the rate of vacancies in 83.7% 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.
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.
In a nation where 1 out of every 4 children lives in poverty, the Kings Hwy / E 55th St neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Kings Hwy / E 55th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 24.1% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.8% of all neighborhoods in America.
In the Kings Hwy / E 55th St neighborhood, 49.0% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 99.5% of the neighborhoods in America.
Also, our research revealed that more commuters here take the bus to work (22.6% ride the bus) than 99.1% 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.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Kings Hwy / E 55th St neighborhood could be your paradise. With 30.0% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 3.3% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, 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 Kings Hwy / E 55th St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Did you know that the Kings Hwy / E 55th St neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.4% of this neighborhood's residents have Jamaican ancestry and 6.0% have Haitian ancestry.
Kings Hwy / E 55th St 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.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Kings Hwy / E 55th St neighborhood has a greater percentage of residents born in another country (44.3%) than are found in 95.7% of all U.S. neighborhoods.
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 Kings Hwy / E 55th St 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 68.6% of the neighborhoods in America. In addition, 0.0% 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 100.0% of America'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 Kings Hwy / E 55th St 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 clerical, assistant, and tech support occupations, with 21.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.3%), and 16.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Kings Hwy / E 55th St neighborhood is English, spoken by 87.9% of households. Other important languages spoken here include French and Spanish.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Kings Hwy / E 55th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (29.4%). There are also a number of people of Sub-Saharan African ancestry (6.0%), and residents who report Haitian roots (6.0%), and some of the residents are also of African ancestry (5.3%), along with some Dominican ancestry residents (1.9%), among others. In addition, 44.3% 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 Kings Hwy / E 55th St neighborhood spend between 45 minutes and one hour commuting one-way to work (57.8% of working residents), longer and tougher than most commutes in America.
Here most residents (49.0%) take the train to get to work. In addition, quite a number also ride the bus to get to work (22.6%) and 21.6% 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.