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Real Estate Prices & Overview

Sunset Park median real estate price is $1,767,087, which is more expensive than 91.5% of the neighborhoods in New York and 97.6% of the neighborhoods in the U.S.

The average rental price in Sunset Park is currently $4,121, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.4% of the neighborhoods in New York.

Sunset Park is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Sunset Park 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 Sunset Park 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.

Real estate vacancies in Sunset Park are 5.4%, which is lower than one will find in 64.0% of American neighborhoods. Demand for real estate in Sunset Park 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

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 46.0% of the Sunset Park neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.2% of America's neighborhoods.

Also, more people in Sunset Park choose to walk to work each day (13.6%) 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.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.1% of U.S. neighborhoods.

Real Estate

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 Sunset Park 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, 59.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.1% 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 Sunset Park neighborhood has a highly unusual pattern of car ownership. 57.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.

Diversity

Did you know that the Sunset Park neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Dominican ancestry and 10.4% have South American ancestry.

Sunset Park is also pretty special linguistically. Significantly, 6.4% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.0% 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 Sunset Park 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 58.2% of the neighborhoods in America. With 32.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.2% 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 Sunset Park neighborhood, 36.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. 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 executive, management, and professional occupations (23.5%), and 14.3% 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 Sunset Park neighborhood is Spanish, spoken by 58.7% of households. Other important languages spoken here include English, Arabic and Langs. of India.

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 Sunset Park neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Mexican (30.9%). There are also a number of people of Puerto Rican ancestry (12.5%), and residents who report South American roots (10.4%), and some of the residents are also of Dominican ancestry (7.5%), along with some Arab ancestry residents (4.8%), among others. In addition, 31.4% 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 Sunset Park neighborhood spend between 30 and 45 minutes commuting one-way to work (35.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (46.0%) 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 (13.6%) and 12.5% 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.


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