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Real Estate Prices & Overview

E 38th St / Farragut Rd median real estate price is $918,922, which is more expensive than 68.2% of the neighborhoods in New York and 88.2% of the neighborhoods in the U.S.

The average rental price in E 38th St / Farragut Rd is currently $3,128, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.7% of New York neighborhoods.

E 38th St / Farragut Rd is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 38th St / Farragut Rd 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the E 38th St / Farragut Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in E 38th St / Farragut Rd are 5.4%, which is lower than one will find in 62.6% of American neighborhoods. Demand for real estate in E 38th St / Farragut Rd is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

The E 38th St / Farragut Rd neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 62,801 persons per square mile in the neighborhood, it is more packed with people than 98.9% of the nation'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 E 38th St / Farragut Rd neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the real estate in the E 38th St / Farragut Rd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 71.5% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.3% of American neighborhoods.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 98.9% of U.S. neighborhoods.

Also, in the E 38th St / Farragut Rd neighborhood, 36.3% 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 98.7% of the neighborhoods in America.

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 E 38th St / Farragut Rd neighborhood has a highly unusual pattern of car ownership. 31.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.3% of U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the E 38th St / Farragut Rd neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.2% of the neighborhoods in NY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the E 38th St / Farragut Rd neighborhood has more Haitian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.3% of this neighborhood's residents have Haitian ancestry and 13.3% have Jamaican ancestry.

E 38th St / Farragut Rd is also pretty special linguistically. Significantly, 15.4% 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 99.6% 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. What is interesting to note, is that the E 38th St / Farragut Rd neighborhood has a greater percentage of residents born in another country (49.7%) than are found in 97.5% of all U.S. neighborhoods.

The Neighbors

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 E 38th St / Farragut 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 71.0% of U.S. neighborhoods. With 35.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.6% 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 E 38th St / Farragut Rd neighborhood, 33.1% 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 25.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 20.3% 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 E 38th St / Farragut Rd neighborhood is English, spoken by 70.8% of households. Other important languages spoken here include French, Spanish and African languages.

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 E 38th St / Farragut Rd neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (17.3%). There are also a number of people of Jamaican ancestry (13.3%), and residents who report Puerto Rican roots (9.6%), and some of the residents are also of Dominican ancestry (3.7%), along with some Asian ancestry residents (3.1%), among others. In addition, 49.7% 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 E 38th St / Farragut Rd neighborhood spend between 45 minutes and one hour commuting one-way to work (50.2% of working residents), longer and tougher than most commutes in America.

Here most residents (36.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (27.2%) and 20.8% 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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