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Real Estate Prices & Overview

Gates Ave / Tompkins Ave median real estate price is $2,574,080, which is more expensive than 97.7% of the neighborhoods in New York and 99.4% of the neighborhoods in the U.S.

The average rental price in Gates Ave / Tompkins Ave is currently $3,228, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.3% of New York neighborhoods.

Gates Ave / Tompkins Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Gates Ave / Tompkins Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Gates Ave / Tompkins 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 2000 and the present.

Home and apartment vacancy rates are 8.7% in Gates Ave / Tompkins Ave. NeighborhoodScout analysis shows that this rate is lower than 44.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

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 71,156 people per square mile, it is more densely populated than 99.2% 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 Gates Ave / Tompkins Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Gates Ave / Tompkins Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 54.6% of the real estate here is made up of such dwellings, which is higher than 98.8% of all U.S. neighborhoods.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 61.7% of the residential real estate in the Gates Ave / Tompkins Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.9% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Gates Ave / Tompkins Ave neighborhood has a highly unusual pattern of car ownership. 63.6% 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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 43.0% of the Gates Ave / Tompkins Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.0% of America's neighborhoods.

Also, in the Gates Ave / Tompkins Ave neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 27.4% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.2% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the Gates Ave / Tompkins Ave neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.8% of this neighborhood's residents have Dominican ancestry.

Gates Ave / Tompkins Ave is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 95.2% of the neighborhoods in America.

The Neighbors

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 Gates Ave / Tompkins 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 56.6% of the neighborhoods in America. With 38.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.0% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Gates Ave / Tompkins Ave neighborhood, 60.7% 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 17.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.3%), and 8.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Gates Ave / Tompkins Ave neighborhood is English, spoken by 72.3% of households. Some people also speak Spanish (16.4%).

Ethnicity / Ancestry

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 Gates Ave / Tompkins Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (11.8%). There are also a number of people of Sub-Saharan African ancestry (9.2%), and residents who report Asian roots (6.4%), and some of the residents are also of Mexican ancestry (3.6%), along with some Puerto Rican ancestry residents (3.5%), among others. In addition, 24.8% of the residents of this neighborhood were born in another country.

Getting to Work

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 Gates Ave / Tompkins Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (54.9% of working residents), longer and tougher than most commutes in America.

Here most residents (43.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (12.6%) and 9.2% of residents also ride the bus 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.


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