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Real Estate Prices & Overview

Kings Hwy / E 95th St median real estate price is $548,399, which is more expensive than 41.8% of the neighborhoods in New York and 68.5% of the neighborhoods in the U.S.

The average rental price in Kings Hwy / E 95th St is currently $2,782, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.9% of New York neighborhoods.

Kings Hwy / E 95th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Kings Hwy / E 95th 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 Kings Hwy / E 95th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Kings Hwy / E 95th St are 4.6%, which is lower than one will find in 68.0% of American neighborhoods. Demand for real estate in Kings Hwy / E 95th St 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.

People

Of note is NeighborhoodScout's research finding that the Kings Hwy / E 95th St 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 Kings Hwy / E 95th St community truly stands out from the rest in this regard.

Real Estate

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 65,526 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 Kings Hwy / E 95th St neighborhood is one of the most walkable neighborhoods in America.

In addition, 93.4% of the real estate in the Kings Hwy / E 95th St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, the Kings Hwy / E 95th St neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 86.6% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.0% of U.S. neighborhoods.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 40.5% of the Kings Hwy / E 95th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.0% of America's neighborhoods.

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 Kings Hwy / E 95th St neighborhood has a highly unusual pattern of car ownership. 51.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.8% of U.S. neighborhoods.

Diversity

Did you know that the Kings Hwy / E 95th St neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.7% of this neighborhood's residents have Jamaican ancestry and 7.5% have Haitian ancestry.

Kings Hwy / E 95th St is also pretty special linguistically. Significantly, 8.4% 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 98.9% of the neighborhoods in America.

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 Kings Hwy / E 95th St 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 77.8% 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 Kings Hwy / E 95th St neighborhood, 32.2% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.1%), and 18.9% in executive, management, and professional 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 Kings Hwy / E 95th St neighborhood is English, spoken by 86.9% of households. Other important languages spoken here include French, Spanish 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 Kings Hwy / E 95th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (18.7%). There are also a number of people of Sub-Saharan African ancestry (8.9%), and residents who report African roots (8.9%), and some of the residents are also of Haitian ancestry (7.5%), along with some Puerto Rican ancestry residents (2.3%), among others. In addition, 34.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Kings Hwy / E 95th St neighborhood spend between 45 minutes and one hour commuting one-way to work (50.5% of working residents), longer and tougher than most commutes in America.

Here most residents (40.5%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.6%) and 21.6% 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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