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Real Estate Prices & Overview

Cortelyou Rd / Veronica Pl median real estate price is $1,408,360, which is more expensive than 86.0% of the neighborhoods in New York and 95.5% of the neighborhoods in the U.S.

The average rental price in Cortelyou Rd / Veronica Pl is currently $4,115, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.3% of the neighborhoods in New York.

Cortelyou Rd / Veronica Pl is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Cortelyou Rd / Veronica Pl 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 Cortelyou Rd / Veronica Pl 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.

Vacant apartments or homes are a major fact of life in Cortelyou Rd / Veronica Pl. The current real estate vacancy rate here is 26.8%. This is higher than the rate of vacancies in 94.0% 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

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.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 76,087 people per square mile, it is more densely populated than 99.3% of America'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 Cortelyou Rd / Veronica Pl neighborhood is one of the most walkable neighborhoods in America.

In addition, 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 Cortelyou Rd / Veronica Pl 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, 35.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.3% of America's neighborhoods.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Cortelyou Rd / Veronica Pl neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 67.2% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.2% of the neighborhoods in the United States.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Cortelyou Rd / Veronica Pl neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Cortelyou Rd / Veronica Pl neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 16.0% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.0% of all neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Cortelyou Rd / Veronica Pl neighborhood buck this trend. 54.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.9% of U.S. neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 34.0% of the Cortelyou Rd / Veronica Pl neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.7% of America's neighborhoods.

Occupations

The Cortelyou Rd / Veronica Pl neighborhood has a greater proportion of government workers living in it than 96.4% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Diversity

Did you know that the Cortelyou Rd / Veronica Pl neighborhood has more Haitian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.1% of this neighborhood's residents have Haitian ancestry and 5.6% have Jamaican ancestry.

Cortelyou Rd / Veronica Pl is also pretty special linguistically. Significantly, 16.1% 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 99.6% of the neighborhoods in America.

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 Cortelyou Rd / Veronica Pl 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 59.3% of the neighborhoods in America. With 20.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.2% 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 Cortelyou Rd / Veronica Pl neighborhood, 49.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.7% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (14.0%), and 13.8% 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 Cortelyou Rd / Veronica Pl neighborhood is English, spoken by 62.8% of households. Other important languages spoken here include Spanish, French and African languages.

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 Cortelyou Rd / Veronica Pl neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (14.1%). There are also a number of people of Jamaican ancestry (5.6%), and residents who report Dominican roots (5.0%), and some of the residents are also of Asian ancestry (4.3%), along with some Puerto Rican ancestry residents (4.1%), among others. In addition, 35.3% 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 Cortelyou Rd / Veronica Pl neighborhood spend between 45 minutes and one hour commuting one-way to work (56.0% of working residents), longer and tougher than most commutes in America.

Here most residents (34.0%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (14.0%) and 11.5% 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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