Central Ave / Cedar St median real estate price is $1,319,881, which is more expensive than 77.3% of the neighborhoods in New York and 88.2% of the neighborhoods in the U.S.
The average rental price in Central Ave / Cedar St is currently $5,493, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.7% of the neighborhoods in New York.
Central Ave / Cedar St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Central Ave / Cedar St 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 Central Ave / Cedar St neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Home and apartment vacancy rates are 5.9% in Central Ave / Cedar St. NeighborhoodScout analysis shows that this rate is lower than 59.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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.
In the Central Ave / Cedar St neighborhood, 50.2% 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 99.5% of the neighborhoods in America.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.0% of residents in the Central Ave / Cedar St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
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 64,895 people per square mile, it is more densely populated than 99.0% of America'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 Central Ave / Cedar St neighborhood is one of the most walkable neighborhoods in America.
In addition, renter-occupied real estate is dominant in the Central Ave / Cedar St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.5%, which is higher than 96.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, 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 Central Ave / Cedar St 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, 35.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.1% of America's neighborhoods.
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 Central Ave / Cedar St neighborhood have a highly unusual car ownership. 49.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.
Did you know that the Central Ave / Cedar St neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.7% of this neighborhood's residents have South American ancestry and 8.3% have Dominican ancestry.
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 Central Ave / Cedar St neighborhood in Brooklyn are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.3% of the neighborhoods in America. In addition, 3.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 67.9% of America'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 Central Ave / Cedar St neighborhood, 52.6% 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 25.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.9%), and 9.7% in clerical, assistant, and tech support occupations.
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 Central Ave / Cedar St neighborhood is English, spoken by 46.2% of households. Other important languages spoken here include Spanish and Chinese.
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 Central Ave / Cedar St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as South American (13.7%). There are also a number of people of Mexican ancestry (13.6%), and residents who report Puerto Rican roots (10.3%), and some of the residents are also of Dominican ancestry (8.3%), along with some Asian ancestry residents (7.2%), among others. In addition, 32.1% 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 Central Ave / Cedar St neighborhood spend between 45 minutes and one hour commuting one-way to work (42.6% of working residents), longer and tougher than most commutes in America.
Here most residents (50.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (10.5%) and 7.2% 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.