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Real Estate Prices & Overview

McDonald Ave / Cortelyou Rd median real estate price is $1,640,502, which is more expensive than 88.8% of the neighborhoods in New York and 96.5% of the neighborhoods in the U.S.

The average rental price in McDonald Ave / Cortelyou Rd is currently $4,203, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.1% of the neighborhoods in New York.

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

McDonald Ave / Cortelyou Rd 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 McDonald Ave / Cortelyou 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.

Home and apartment vacancy rates are 6.2% in McDonald Ave / Cortelyou Rd. NeighborhoodScout analysis shows that this rate is lower than 58.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 McDonald Ave / Cortelyou Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The McDonald Ave / Cortelyou Rd neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 53,102 persons per square mile in the neighborhood, it is more packed with people than 98.6% 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 McDonald Ave / Cortelyou Rd neighborhood is one of the most walkable neighborhoods in America.

In addition, 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 McDonald Ave / Cortelyou Rd 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, 43.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.6% of America's neighborhoods.

Furthermore, 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 McDonald Ave / Cortelyou Rd neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 70.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.6% of the neighborhoods in the United States.

Modes of Transportation

In the McDonald Ave / Cortelyou Rd neighborhood, 43.1% 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 99.0% of the neighborhoods in America.

Also, more people in McDonald Ave / Cortelyou Rd choose to walk to work each day (16.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Car Ownership

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 McDonald Ave / Cortelyou Rd neighborhood have a highly unusual car ownership. 44.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.

Diversity

Did you know that the McDonald Ave / Cortelyou Rd neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 38.2% of this neighborhood's residents have Asian ancestry.

McDonald Ave / Cortelyou Rd is also pretty special linguistically. Significantly, 4.2% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.7% 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 McDonald Ave / Cortelyou Rd neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.9% of U.S. neighborhoods. With 24.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 74.4% of U.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 McDonald Ave / Cortelyou Rd neighborhood, 28.7% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.4%), and 21.1% in manufacturing and laborer occupations.

Languages

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 McDonald Ave / Cortelyou Rd neighborhood is English, spoken by 38.0% of households. Other important languages spoken here include Spanish, Arabic, Chinese and Urdu (the national language of Pakistan).

Ethnicity / Ancestry

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 McDonald Ave / Cortelyou Rd neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (38.2%). There are also a number of people of Mexican ancestry (8.7%), and residents who report Puerto Rican roots (3.3%), and some of the residents are also of Sub-Saharan African ancestry (2.9%), along with some Polish ancestry residents (2.6%), among others. In addition, 41.5% 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 McDonald Ave / Cortelyou Rd neighborhood spend between 30 and 45 minutes commuting one-way to work (33.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (43.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.4%) and 16.2% 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.


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