E 7th St / Ave V median real estate price is $1,152,608, which is more expensive than 79.5% of the neighborhoods in New York and 92.9% of the neighborhoods in the U.S.
The average rental price in E 7th St / Ave V is currently $3,106, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.8% of New York neighborhoods.
E 7th St / Ave V is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
E 7th St / Ave V 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 occupied by a mixture of owners and renters. Many of the residences in the E 7th St / Ave V 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 E 7th St / Ave V. NeighborhoodScout analysis shows that this rate is lower than 58.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The E 7th St / Ave V neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the E 7th St / Ave V neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 20.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.6% of all neighborhoods in America.
Modes of Transportation
In the E 7th St / Ave V neighborhood, 47.0% 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 99.2% of the neighborhoods in America.
Real Estate
The E 7th St / Ave V neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 43,136 persons per square mile in the neighborhood, it is more packed with people than 98.1% 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 E 7th St / Ave V neighborhood is one of the most walkable neighborhoods in America.
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 E 7th St / Ave V 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 44.0% of the real estate here is made up of such dwellings, which is higher than 97.7% of all U.S. neighborhoods.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the E 7th St / Ave V neighborhood buck this trend. 25.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.4% of U.S. neighborhoods.
People
The E 7th St / Ave V neighborhood stands out within New York for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 7.3% of college-friendly places to live in NY.
Diversity
Did you know that the E 7th St / Ave V neighborhood has more Arab and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.4% of this neighborhood's residents have Arab ancestry and 3.4% have Ukrainian ancestry.
E 7th St / Ave V is also pretty special linguistically. Significantly, 5.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the E 7th St / Ave V neighborhood has a greater percentage of residents born in another country (43.4%) than are found in 95.5% of all U.S. neighborhoods.
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 E 7th St / Ave V 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 74.3% of U.S. neighborhoods. With 13.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.6% 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 E 7th St / Ave V neighborhood, 36.0% 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 34.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.9%), and 11.6% 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 7th St / Ave V neighborhood is English, spoken by 49.3% of households. Other important languages spoken here include Spanish, Arabic, Russian and French.
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 E 7th St / Ave V neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Arab (15.4%). There are also a number of people of Mexican ancestry (11.6%), and residents who report Italian roots (9.5%), and some of the residents are also of Russian ancestry (4.9%), along with some Jamaican ancestry residents (4.4%), among others. In addition, 43.4% 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 E 7th St / Ave V neighborhood spend between 45 minutes and one hour commuting one-way to work (31.6% of working residents), longer and tougher than most commutes in America.
Here most residents (47.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (33.9%) and 9.5% of residents also carpool with coworkers, friends, or neighbors 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.
