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Real Estate Prices & Overview

Knickerbocker Ave / Hancock St median real estate price is $1,378,532, which is more expensive than 85.4% of the neighborhoods in New York and 95.3% of the neighborhoods in the U.S.

The average rental price in Knickerbocker Ave / Hancock St is currently $3,987, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.2% of the neighborhoods in New York.

Knickerbocker Ave / Hancock St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Knickerbocker Ave / Hancock 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 Knickerbocker Ave / Hancock St 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 1940 and 1969.

Knickerbocker Ave / Hancock St has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 Knickerbocker Ave / Hancock St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Knickerbocker Ave / Hancock St neighborhood, 58.5% 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.

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 81,369 people per square mile, it is more densely populated than 99.4% of America's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Knickerbocker Ave / Hancock St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, renter-occupied real estate is dominant in the Knickerbocker Ave / Hancock St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.0%, which is higher than 96.8% 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 Knickerbocker Ave / Hancock 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, 35.3% 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.

Also of note, 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 Knickerbocker Ave / Hancock St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 67.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.1% of the neighborhoods in the United States.

Car Ownership

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 Knickerbocker Ave / Hancock St neighborhood have a highly unusual car ownership. 65.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.

Diversity

Did you know that the Knickerbocker Ave / Hancock St neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 28.7% of this neighborhood's residents have Dominican ancestry and 17.0% have Puerto Rican ancestry.

Knickerbocker Ave / Hancock St is also pretty special linguistically. Significantly, 59.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 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 Knickerbocker Ave / Hancock 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 66.6% of U.S. neighborhoods. With 37.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.2% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Knickerbocker Ave / Hancock St neighborhood, 38.2% 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 26.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.4%), and 13.2% 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 Knickerbocker Ave / Hancock St neighborhood is Spanish, spoken by 59.7% of households. Other important languages spoken here include English and Italian.

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 Knickerbocker Ave / Hancock St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (28.7%). There are also a number of people of Puerto Rican ancestry (17.0%), and residents who report Sub-Saharan African roots (7.6%), and some of the residents are also of African ancestry (7.2%), along with some Mexican ancestry residents (6.0%), among others. In addition, 33.0% 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 Knickerbocker Ave / Hancock St neighborhood spend between 45 minutes and one hour commuting one-way to work (47.2% of working residents), longer and tougher than most commutes in America.

Here most residents (58.5%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (11.5%) . 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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