Eastern Pkwy / Classon Ave median real estate price is $564,250, which is more expensive than 41.9% of the neighborhoods in New York and 71.0% of the neighborhoods in the U.S.
The average rental price in Eastern Pkwy / Classon Ave is currently $3,143, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.1% of New York neighborhoods.
Eastern Pkwy / Classon Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Eastern Pkwy / Classon Ave 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 Eastern Pkwy / Classon Ave 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.
In Eastern Pkwy / Classon Ave, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Eastern Pkwy / Classon Ave is very tight compared to the demand for property here.
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.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 55.3% of the Eastern Pkwy / Classon Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.7% of America's neighborhoods.
The Eastern Pkwy / Classon Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 54,569 persons per square mile in the neighborhood, it is more packed with people than 98.6% 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 Eastern Pkwy / Classon Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, the real estate in the Eastern Pkwy / Classon Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 96.9% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.4% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Eastern Pkwy / Classon Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 91.4%, which is higher than 97.2% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the Eastern Pkwy / Classon Ave 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 84.9% 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.
Finally, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.2% of the residential real estate in the Eastern Pkwy / Classon Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
American households most often have a car, and regularly they have two or three. But households in the Eastern Pkwy / Classon Ave neighborhood buck this trend. 60.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.
Did you know that the Eastern Pkwy / Classon Ave neighborhood has more Haitian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Haitian ancestry and 4.0% have Jamaican ancestry.
Eastern Pkwy / Classon Ave is also pretty special linguistically. Significantly, 8.0% 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.
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 Eastern Pkwy / Classon Ave 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 43.2% of the neighborhoods in America. With 36.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.1% of U.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 Eastern Pkwy / Classon Ave neighborhood, 56.2% 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 20.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.0%), and 12.4% in government jobs, whether they are in local, state, or federal positions.
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 Eastern Pkwy / Classon Ave neighborhood is English, spoken by 80.6% of households. Other important languages spoken here include Spanish and French.
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 Eastern Pkwy / Classon Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.4%). There are also a number of people of Haitian ancestry (7.5%), and residents who report English roots (6.3%), and some of the residents are also of Irish ancestry (4.9%), along with some Jamaican ancestry residents (4.0%), among others. In addition, 39.0% of the residents of this neighborhood were born in another country.
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 Eastern Pkwy / Classon Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (52.0% of working residents), longer and tougher than most commutes in America.
Here most residents (55.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (9.9%) and 6.2% 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.
