Homecrest West median real estate price is $468,508, which is more expensive than 37.2% of the neighborhoods in New York and 57.4% of the neighborhoods in the U.S.
The average rental price in Homecrest West is currently $2,174, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 67.3% of New York neighborhoods.
Homecrest West is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Homecrest West 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 occupied by a mixture of owners and renters. Many of the residences in the Homecrest West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.1% in Homecrest West. NeighborhoodScout analysis shows that this rate is lower than 53.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Homecrest West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Of note is NeighborhoodScout's research finding that the Homecrest West neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Homecrest West community truly stands out from the rest in this regard.
In addition, if you're nearing retirement age, or in retirement, the Homecrest West is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.2% of retiree-friendly neighborhoods in New York, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in New York.
Modes of Transportation
In the Homecrest West neighborhood, 40.3% 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 98.8% of the neighborhoods in America.
Also, more people in Homecrest West choose to walk to work each day (15.4%) 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.
Real Estate
Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Homecrest West neighborhood, is that an incredible 82.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
In addition, one of the really unique and interesting things about the look and setting of the Homecrest West neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 93.6% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.7% of all neighborhoods in America.
Furthermore, the Homecrest West neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,629 persons per square mile in the neighborhood, it is more packed with people than 97.7% of the nation's neighborhoods.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Homecrest West neighborhood buck this trend. 29.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.0% of U.S. neighborhoods.
Diversity
Did you know that the Homecrest West neighborhood has more Russian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.2% of this neighborhood's residents have Russian ancestry and 12.3% have Ukrainian ancestry.
Homecrest West is also pretty special linguistically. Significantly, 26.7% 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 100.0% 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. More residents of the Homecrest West neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.0% 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. What is interesting to note, is that the Homecrest West neighborhood has a greater percentage of residents born in another country (54.9%) than are found in 98.6% of all U.S. neighborhoods.
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 Homecrest West 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 70.5% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Homecrest West neighborhood, 51.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 19.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.9%), and 13.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the Homecrest West neighborhood is English, spoken by 37.2% of households. Some people also speak Russian (26.7%).
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 Homecrest West neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Russian (19.2%). There are also a number of people of Ukrainian ancestry (12.3%), and residents who report Polish roots (2.4%), and some of the residents are also of Puerto Rican ancestry (2.0%), along with some Greek ancestry residents (1.8%), among others. In addition, 54.9% 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 Homecrest West neighborhood spend between 45 minutes and one hour commuting one-way to work (52.4% of working residents), longer and tougher than most commutes in America.
Here most residents (40.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.9%) and 15.4% 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.
