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Real Estate Prices & Overview

E 53rd St / Ave D median real estate price is $851,040, which is more expensive than 64.9% of the neighborhoods in New York and 86.5% of the neighborhoods in the U.S.

The average rental price in E 53rd St / Ave D is currently $3,239, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.7% of New York neighborhoods.

E 53rd St / Ave D is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 53rd St / Ave D 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 E 53rd St / Ave D neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

E 53rd St / Ave D has a 13.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.4% 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

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 99.7% 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 30.4% of the E 53rd St / Ave D neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.4% of America's neighborhoods.

Real Estate

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the E 53rd St / Ave D neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 60.5% of the real estate here is made up of such dwellings, which is higher than 99.3% of all U.S. neighborhoods.

In addition, the E 53rd St / Ave D neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 30,888 persons per square mile in the neighborhood, it is more packed with people than 97.1% 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 E 53rd St / Ave D neighborhood is one of the most walkable neighborhoods in America.

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 53rd St / Ave D neighborhood have a highly unusual car ownership. 28.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.9% of U.S. neighborhoods.

Diversity

Did you know that the E 53rd St / Ave D neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.5% of this neighborhood's residents have Jamaican ancestry and 11.1% have Haitian ancestry.

E 53rd St / Ave D is also pretty special linguistically. Significantly, 7.7% 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 98.7% 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 53rd St / Ave D neighborhood has a greater percentage of residents born in another country (55.1%) than are found in 98.5% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the E 53rd 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 51.0% of the neighborhoods in America. In addition, 2.3% 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 73.4% 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 53rd St / Ave D neighborhood, 32.1% 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 27.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.2%), and 16.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the E 53rd St / Ave D neighborhood is English, spoken by 91.7% of households. Some people also speak French (7.7%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the E 53rd St / Ave D neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (24.5%). There are also a number of people of Haitian ancestry (11.1%), and residents who report Sub-Saharan African roots (3.6%), and some of the residents are also of African ancestry (3.6%), along with some Arab ancestry residents (1.1%), among others. In addition, 55.1% 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 E 53rd St / Ave D neighborhood spend between 45 minutes and one hour commuting one-way to work (43.0% of working residents), longer and tougher than most commutes in America.

Here most residents (30.7%) ride the bus to get to work. In addition, quite a number also take the train to get to work (30.4%) and 25.7% of residents also drive alone in a private automobile for their daily commute. The bus provides a valuable service in the E 53rd St / Ave D neighborhood of Brooklyn by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.

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Economics & Demographics include:
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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
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Crime includes:
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Schools include:
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