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Real Estate Prices & Overview

E 48th St / Ave D median real estate price is $859,070, which is more expensive than 65.9% of the neighborhoods in New York and 86.9% of the neighborhoods in the U.S.

The average rental price in E 48th St / Ave D is currently $2,850, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 57.0% of New York neighborhoods.

E 48th St / Ave D is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 48th St / Ave D real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the E 48th St / Ave D 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.

Home and apartment vacancy rates are 5.8% in E 48th St / Ave D. NeighborhoodScout analysis shows that this rate is lower than 58.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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

More people ride the bus in this neighborhood each day to get to work than 99.3% of U.S. neighborhoods.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 32.7% of the E 48th St / Ave D neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.6% of America's neighborhoods.

Real Estate

The E 48th St / Ave D neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 35,395 persons per square mile in the neighborhood, it is more packed with people than 97.5% 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 48th St / Ave D neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the E 48th St / Ave D neighborhood could be your paradise. With 41.9% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the E 48th St / Ave D neighborhood buck this trend. 33.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.5% of U.S. neighborhoods.

Diversity

Did you know that the E 48th St / Ave D neighborhood has more West Indian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.8% of this neighborhood's residents have West Indian ancestry and 14.0% have Haitian ancestry.

E 48th St / Ave D is also pretty special linguistically. Significantly, 14.1% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the E 48th St / Ave D neighborhood. What is interesting to note, is that the E 48th St / Ave D neighborhood has a greater percentage of residents born in another country (46.8%) than are found in 96.5% 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 48th St / Ave D 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 54.2% of the neighborhoods in America. In addition, 9.5% 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 50.5% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the E 48th St / Ave D neighborhood, 31.3% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 26.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (26.2%), and 16.1% in manufacturing and laborer occupations.

Languages

The most common language spoken in the E 48th St / Ave D neighborhood is English, spoken by 82.5% of households. Some people also speak French (14.1%).

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 E 48th St / Ave D neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (14.0%). There are also a number of people of Jamaican ancestry (11.0%), and residents who report Sub-Saharan African roots (6.4%), and some of the residents are also of African ancestry (4.4%), along with some Dominican ancestry residents (2.5%), among others. In addition, 46.8% 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 48th St / Ave D neighborhood spend between 30 and 45 minutes commuting one-way to work (45.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (32.7%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (30.6%) and 23.5% of residents also ride the bus 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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