74th St / 12th Ave median real estate price is $1,472,578, which is more expensive than 88.4% of the neighborhoods in New York and 96.4% of the neighborhoods in the U.S.
The average rental price in 74th St / 12th Ave is currently $3,497, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.4% of the neighborhoods in New York.
74th St / 12th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
74th St / 12th 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 74th St / 12th 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.
Home and apartment vacancy rates are 9.1% in 74th St / 12th Ave. NeighborhoodScout analysis shows that this rate is lower than 42.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Brooklyn, the 74th St / 12th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The 74th St / 12th Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 41,243 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation'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 74th St / 12th Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, if you love row houses and attached homes, you will probably really like the 74th St / 12th 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, 36.7% of the residential real estate here is classified as row houses and attached homes.
Our research revealed that more commuters here take the bus to work (14.2% ride the bus) than 97.0% 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.
Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 14.6% of the 74th St / 12th Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.4% of America's neighborhoods.
Did you know that the 74th St / 12th Ave neighborhood has more Italian and Greek ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.2% of this neighborhood's residents have Italian ancestry and 3.8% have Greek ancestry.
74th St / 12th Ave is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 74th St / 12th 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 66.8% of the neighborhoods in America. In addition, 2.0% 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 75.1% 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 74th St / 12th Ave neighborhood, 63.9% 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 16.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.9%), and 7.8% 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 74th St / 12th Ave neighborhood is English, spoken by 51.0% of households. Other important languages spoken here include Chinese, Italian, Spanish and Greek.
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 74th St / 12th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Italian (34.2%). There are also a number of people of Asian ancestry (33.0%), and residents who report Irish roots (7.6%), and some of the residents are also of Dominican ancestry (6.5%), along with some Puerto Rican ancestry residents (4.1%), among others. In addition, 31.6% 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 74th St / 12th Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (30.8% of working residents), longer and tougher than most commutes in America.
Here most residents (40.9%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.6%) and 14.2% 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.