Prospect Pl / Eastern Pkwy median real estate price is $953,225, which is more expensive than 64.6% of the neighborhoods in New York and 84.9% of the neighborhoods in the U.S.
The average rental price in Prospect Pl / Eastern Pkwy is currently $2,908, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.1% of New York neighborhoods.
Prospect Pl / Eastern Pkwy is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Prospect Pl / Eastern Pkwy 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 Prospect Pl / Eastern Pkwy 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 1970 and 1999.
In Prospect Pl / Eastern Pkwy, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 84.6% of all neighborhoods in the U.S. This means that the housing supply in Prospect Pl / Eastern Pkwy is very tight compared to the demand for property here.
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 Prospect Pl / Eastern Pkwy neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Modes of Transportation
In the Prospect Pl / Eastern Pkwy neighborhood, 49.7% 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 99.4% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work than 95.7% of U.S. neighborhoods.
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 Prospect Pl / Eastern Pkwy neighborhood have a highly unusual car ownership. 60.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.
Real Estate
The Prospect Pl / Eastern Pkwy neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 53,699 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 Prospect Pl / Eastern Pkwy 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 Prospect Pl / Eastern Pkwy 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, 45.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.8% of America's neighborhoods.
People
Single parenting is hard. But you don't have to tell the Prospect Pl / Eastern Pkwy neighborhood about it; they already know. 17.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Diversity
Did you know that the Prospect Pl / Eastern Pkwy neighborhood has more Dominican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.4% of this neighborhood's residents have Dominican ancestry and 5.4% have Haitian ancestry.
Prospect Pl / Eastern Pkwy is also pretty special linguistically. Significantly, 5.8% 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 98.0% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Prospect Pl / Eastern Pkwy neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.3% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Prospect Pl / Eastern Pkwy neighborhood in Brooklyn are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 94.1% of U.S. neighborhoods. With 38.3% 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.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Prospect Pl / Eastern Pkwy neighborhood, 33.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 24.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.0%), and 18.3% in clerical, assistant, and tech support 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 Prospect Pl / Eastern Pkwy neighborhood is English, spoken by 76.4% of households. Other important languages spoken here include Spanish, French and African languages.
Ethnicity / Ancestry
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 Prospect Pl / Eastern Pkwy neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (10.4%). There are also a number of people of Sub-Saharan African ancestry (10.4%), and residents who report Puerto Rican roots (6.5%), and some of the residents are also of Haitian ancestry (5.4%), along with some Jamaican ancestry residents (3.9%), among others. In addition, 31.0% of the residents of this neighborhood were born in another country.
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 Prospect Pl / Eastern Pkwy neighborhood spend between 30 and 45 minutes commuting one-way to work (45.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (49.7%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.7%) and 11.5% 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.
