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Real Estate Prices & Overview

E 17th St / Kings Hwy median real estate price is $773,964, which is more expensive than 58.6% of the neighborhoods in New York and 80.4% of the neighborhoods in the U.S.

The average rental price in E 17th St / Kings Hwy is currently $3,090, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.3% of New York neighborhoods.

E 17th St / Kings Hwy is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 17th St / Kings Hwy 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 E 17th St / Kings Hwy neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

E 17th St / Kings Hwy has a 14.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.2% 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 E 17th St / Kings Hwy neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The E 17th St / Kings Hwy 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 94.6% 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.

In addition, the E 17th St / Kings Hwy neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 57,695 persons per square mile in the neighborhood, it is more packed with people than 98.8% of the nation'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 E 17th St / Kings Hwy neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, one of the really unique and interesting things about the look and setting of the E 17th St / Kings Hwy neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 84.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.4% of all neighborhoods in America.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 26.8% of the E 17th St / Kings Hwy neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.1% of America's neighborhoods.

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 E 17th St / Kings Hwy neighborhood have a highly unusual car ownership. 34.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.6% of U.S. neighborhoods.

Diversity

Did you know that the E 17th St / Kings Hwy neighborhood has more Russian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.5% of this neighborhood's residents have Russian ancestry and 15.5% have Ukrainian ancestry.

E 17th St / Kings Hwy is also pretty special linguistically. Significantly, 15.3% 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 E 17th St / Kings Hwy neighborhood has a greater percentage of residents born in another country (52.7%) than are found in 98.0% 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 E 17th St / Kings Hwy 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 40.3% of the neighborhoods in America. With 10.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.1% 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 E 17th St / Kings Hwy neighborhood, 43.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.4%), and 17.1% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 E 17th St / Kings Hwy neighborhood is English, spoken by 28.6% of households. Other important languages spoken here include Russian, Chinese and Spanish.

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 E 17th St / Kings Hwy neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (19.6%). There are also a number of people of Russian ancestry (16.5%), and residents who report Ukrainian roots (15.5%), and some of the residents are also of German ancestry (4.2%), along with some Norwegian ancestry residents (2.7%), among others. In addition, 52.7% 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 E 17th St / Kings Hwy neighborhood spend between 30 and 45 minutes commuting one-way to work (34.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (26.8%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (20.8%) and 16.1% of residents also carpool with coworkers, friends, or neighbors 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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