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Real Estate Prices & Overview

Sheepshead Bay West median real estate price is $1,002,217, which is more expensive than 70.5% of the neighborhoods in New York and 88.7% of the neighborhoods in the U.S.

The average rental price in Sheepshead Bay West is currently $3,102, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.0% of New York neighborhoods.

Sheepshead Bay West is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Sheepshead Bay West real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Sheepshead Bay West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Sheepshead Bay West. The current real estate vacancy rate here is 17.4%. This is higher than the rate of vacancies in 82.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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 Sheepshead Bay West neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Sheepshead Bay West neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,578 persons per square mile in the neighborhood, it is more packed with people than 97.5% 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 Sheepshead Bay West neighborhood is one of the most walkable neighborhoods in America.

In addition, if you love row houses and attached homes, you will probably really like the Sheepshead Bay West neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 29.9% of the residential real estate here is classified as row houses and attached homes.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 16.6% of the Sheepshead Bay West neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.7% of America's neighborhoods.

Also, our research shows that more people carpool to work here in the Sheepshead Bay West (23.5%) than in 96.2% of the neighborhoods in America.

Diversity

Did you know that the Sheepshead Bay West neighborhood has more Arab and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.2% of this neighborhood's residents have Arab ancestry and 4.4% have Russian ancestry.

Sheepshead Bay West is also pretty special linguistically. Significantly, 4.7% 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 99.7% of the neighborhoods in America.

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 West 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 57.3% of the neighborhoods in America. With 18.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.3% of U.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 Sheepshead Bay West neighborhood, 36.9% 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 31.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.5%), and 13.1% in manufacturing and laborer 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 West neighborhood is English, spoken by 64.7% of households. Other important languages spoken here include Arabic, Spanish, Russian and Chinese.

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 Sheepshead Bay West neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Arab (18.2%). There are also a number of people of Italian ancestry (8.6%), and residents who report Mexican roots (4.5%), and some of the residents are also of Russian ancestry (4.4%), along with some Asian ancestry residents (2.9%), among others. In addition, 37.3% 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 West neighborhood spend between 45 minutes and one hour commuting one-way to work (48.4% of working residents), longer and tougher than most commutes in America.

Here most residents (37.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (23.5%) and 16.6% of residents also take the train 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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