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Real Estate Prices & Overview

Sheepshead Bay Southeast median real estate price is $933,497, which is more expensive than 63.1% of the neighborhoods in New York and 84.0% of the neighborhoods in the U.S.

The average rental price in Sheepshead Bay Southeast is currently $3,405, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.1% of the neighborhoods in New York.

Sheepshead Bay Southeast is a densely urban neighborhood (based on population density) located in Brooklyn, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Sheepshead Bay Southeast 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 Sheepshead Bay Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 9.6% in Sheepshead Bay Southeast. NeighborhoodScout analysis shows that this rate is lower than 40.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Sheepshead Bay Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Sheepshead Bay Southeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,800 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation's neighborhoods. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Sheepshead Bay Southeast neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Sheepshead Bay Southeast is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, the Sheepshead Bay Southeast 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 90.7% 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 95.3% 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 10.1% of the Sheepshead Bay Southeast neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.1% of America's neighborhoods.

People

With more than 1.6% of residents living with a same sex partner, Sheepshead Bay Southeast is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.1% of U.S. neighborhoods.

Diversity

Did you know that the Sheepshead Bay Southeast neighborhood has more Ukrainian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.0% of this neighborhood's residents have Ukrainian ancestry and 9.3% have Russian ancestry.

Sheepshead Bay Southeast is also pretty special linguistically. Significantly, 12.9% 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

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 Sheepshead Bay Southeast neighborhood has a greater percentage of residents born in another country (44.0%) than are found in 95.7% of all U.S. neighborhoods.

The Neighbors

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 Sheepshead Bay Southeast neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.3% of the neighborhoods in America. In addition, 8.2% 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 55.3% of America'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 Sheepshead Bay Southeast neighborhood, 48.1% 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 20.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.1%), and 14.0% in clerical, assistant, and tech support 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 Sheepshead Bay Southeast neighborhood is English, spoken by 45.8% of households. Other important languages spoken here include Russian, Spanish, Arabic and Chinese.

Ethnicity / Ancestry

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 Sheepshead Bay Southeast neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (12.7%). There are also a number of people of Ukrainian ancestry (11.0%), and residents who report Russian roots (9.3%), and some of the residents are also of Puerto Rican ancestry (6.3%), along with some Italian ancestry residents (5.1%), among others. In addition, 44.0% 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 Sheepshead Bay Southeast neighborhood spend between 45 minutes and one hour commuting one-way to work (37.5% of working residents), longer and tougher than most commutes in America.

Here most residents (51.9%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (10.8%) and 10.4% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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