E 18th St / Albemarle Rd median real estate price is $1,170,788, which is more expensive than 79.9% of the neighborhoods in New York and 93.1% of the neighborhoods in the U.S.
The average rental price in E 18th St / Albemarle Rd is currently $3,295, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.4% of New York neighborhoods.
E 18th St / Albemarle Rd is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
E 18th St / Albemarle Rd 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the E 18th St / Albemarle Rd 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.
Real estate vacancies in E 18th St / Albemarle Rd are 3.5%, which is lower than one will find in 76.9% of American neighborhoods. Demand for real estate in E 18th St / Albemarle Rd 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.
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.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 70.3% of the E 18th St / Albemarle Rd neighborhood's commuters ride the train to and from work each day, which is more than we found in 100.0% of America's neighborhoods.
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 110,007 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 E 18th St / Albemarle Rd neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the E 18th St / Albemarle Rd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 97.4% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.5% of all neighborhoods in America.
Furthermore, the E 18th St / Albemarle Rd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 86.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Also of note, renter-occupied real estate is dominant in the E 18th St / Albemarle Rd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 86.0%, which is higher than 95.6% 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.
Finally, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The E 18th St / Albemarle Rd neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 71.5% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.8% of the neighborhoods in the United States.
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 E 18th St / Albemarle Rd neighborhood have a highly unusual car ownership. 65.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.4% of U.S. neighborhoods.
The E 18th St / Albemarle Rd neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.4% of college-friendly places to live in NY.
Did you know that the E 18th St / Albemarle Rd neighborhood has more Haitian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.9% of this neighborhood's residents have Haitian ancestry and 3.5% have Russian ancestry.
E 18th St / Albemarle Rd is also pretty special linguistically. Significantly, 9.0% 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 99.0% of the neighborhoods in America.
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 E 18th St / Albemarle Rd 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 72.8% of the neighborhoods in America. In addition, 9.9% 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 50.9% 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 E 18th St / Albemarle Rd neighborhood, 42.2% 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 25.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.7%), and 13.4% 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 E 18th St / Albemarle Rd neighborhood is English, spoken by 61.8% of households. Other important languages spoken here include Spanish and French.
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 E 18th St / Albemarle Rd neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Mexican (17.0%). There are also a number of people of Haitian ancestry (13.9%), and residents who report Sub-Saharan African roots (5.2%), and some of the residents are also of Italian ancestry (3.6%), along with some Russian ancestry residents (3.5%), among others. In addition, 38.0% 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 E 18th St / Albemarle Rd neighborhood spend between 45 minutes and one hour commuting one-way to work (50.9% of working residents), longer and tougher than most commutes in America.
Here most residents (70.3%) take the train to get to work. In addition, quite a number also ride the bus to get to work (8.8%) and 7.5% 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.