Central Ave / Cedar St median real estate price is $1,434,818, which is more expensive than 80.0% of the neighborhoods in New York and 90.2% of the neighborhoods in the U.S.
The average rental price in Central Ave / Cedar St is currently $5,212, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.0% of the neighborhoods in New York.
Central Ave / Cedar St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Central Ave / Cedar St 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 Central Ave / Cedar St 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 2000 and the present.
Home and apartment vacancy rates are 7.3% in Central Ave / Cedar St. NeighborhoodScout analysis shows that this rate is lower than 52.2% 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 Central Ave / Cedar St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 46.2% of the Central Ave / Cedar St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.2% of America's neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.6% of residents in the Central Ave / Cedar St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
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 64,895 people per square mile, it is more densely populated than 99.0% of America's neighborhoods. 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 Central Ave / Cedar St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, renter-occupied real estate is dominant in the Central Ave / Cedar St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.3%, which is higher than 97.4% 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.
Furthermore, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Central Ave / Cedar St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 37.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.5% of America's neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the Central Ave / Cedar St neighborhood buck this trend. 54.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.
Did you know that the Central Ave / Cedar St neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.9% of this neighborhood's residents have South American ancestry and 8.2% have Dominican ancestry.
Central Ave / Cedar St is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 95.3% 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 Central Ave / Cedar 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 73.0% of the neighborhoods in America. In addition, 4.8% 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 65.4% 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 Central Ave / Cedar St neighborhood, 44.5% 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 30.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.9%), and 9.8% in clerical, assistant, and tech support 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 Central Ave / Cedar St neighborhood is Spanish, spoken by 49.9% of households. Other important languages spoken here include English and Chinese.
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 Central Ave / Cedar St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Mexican (14.9%). There are also a number of people of South American ancestry (13.9%), and residents who report Puerto Rican roots (9.2%), and some of the residents are also of Dominican ancestry (8.2%), along with some Asian ancestry residents (7.3%), among others. In addition, 40.0% 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 Central Ave / Cedar St neighborhood spend between 45 minutes and one hour commuting one-way to work (39.4% of working residents), longer and tougher than most commutes in America.
Here most residents (46.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (10.9%) and 8.8% 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.