8th St / 3rd Ave median real estate price is $2,573,207, which is more expensive than 97.0% of the neighborhoods in New York and 99.2% of the neighborhoods in the U.S.
The average rental price in 8th St / 3rd Ave is currently $5,396, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 92.2% of the neighborhoods in New York.
8th St / 3rd Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
8th St / 3rd Ave 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 renter occupied. Many of the residences in the 8th St / 3rd Ave 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 2000 and the present.
Home and apartment vacancy rates are 8.4% in 8th St / 3rd Ave. NeighborhoodScout analysis shows that this rate is lower than 46.0% 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.
Modes of Transportation
In the 8th St / 3rd Ave neighborhood, 59.3% 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 99.8% of the neighborhoods in America.
Also, more people in 8th St / 3rd Ave choose to walk to work each day (12.3%) 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
The 8th St / 3rd Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 33,517 persons per square mile in the neighborhood, it is more packed with people than 97.4% 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 8th St / 3rd Ave 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 8th St / 3rd Ave 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 56.7% of the real estate here is made up of such dwellings, which is higher than 99.0% of all U.S. neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The 8th St / 3rd Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 64.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.5% of the neighborhoods in the United States.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the 8th St / 3rd Ave neighborhood buck this trend. 53.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.
People
If you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the 8th St / 3rd Ave neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 95.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the 8th St / 3rd Ave neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Diversity
Did you know that the 8th St / 3rd Ave neighborhood has more Puerto Rican and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.1% of this neighborhood's residents have Puerto Rican ancestry and 4.6% have Russian 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 8th St / 3rd Ave 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 83.8% of the neighborhoods in America. In addition, 3.0% 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 71.4% 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 8th St / 3rd Ave neighborhood, 62.8% 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 18.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.3%), and 8.8% in manufacturing and laborer occupations.
Languages
The most common language spoken in the 8th St / 3rd Ave neighborhood is English, spoken by 70.6% of households. Some people also speak Spanish (22.2%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the 8th St / 3rd Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (15.1%). There are also a number of people of Irish ancestry (11.9%), and residents who report English roots (8.9%), and some of the residents are also of Italian ancestry (8.6%), along with some German ancestry residents (7.8%), among others. In addition, 17.7% 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 8th St / 3rd Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (40.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (59.3%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (12.3%) and 7.4% of residents also drive alone in a private automobile 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.
