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Real Estate Prices & Overview

E 58th St / Ave H median real estate price is $931,628, which is more expensive than 69.5% of the neighborhoods in New York and 88.6% of the neighborhoods in the U.S.

The average rental price in E 58th St / Ave H is currently $3,409, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.7% of New York neighborhoods.

E 58th St / Ave H is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

E 58th St / Ave H 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 58th St / Ave H 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 E 58th St / Ave H. The current real estate vacancy rate here is 21.5%. This is higher than the rate of vacancies in 90.1% 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 E 58th St / Ave H neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 E 58th St / Ave H 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, 76.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.9% of America's neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the E 58th St / Ave H neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 29,136 people per square mile living here.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 98.8% of U.S. neighborhoods.

Also, in the E 58th St / Ave H neighborhood, 14.7% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.8% of the neighborhoods in America.

Occupations

With 2.5% of employed workers living in the E 58th St / Ave H neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Diversity

Did you know that the E 58th St / Ave H neighborhood has more Jamaican and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.4% of this neighborhood's residents have Jamaican ancestry and 10.0% have Haitian ancestry.

E 58th St / Ave H is also pretty special linguistically. Significantly, 12.2% 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 99.4% 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 58th St / Ave H neighborhood has a greater percentage of residents born in another country (59.0%) than are found in 99.0% 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 58th St / Ave H neighborhood in Brooklyn are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. 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 73.3% of America'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 58th St / Ave H neighborhood, 30.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 29.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.9%), and 15.6% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the E 58th St / Ave H neighborhood is English, spoken by 75.9% of households. Some people also speak French (12.2%).

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 58th St / Ave H neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (25.4%). There are also a number of people of Haitian ancestry (10.0%). In addition, 59.0% 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 58th St / Ave H neighborhood spend between 30 and 45 minutes commuting one-way to work (55.2% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (53.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (19.5%) and 14.7% 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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