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Real Estate Prices & Overview

Lorimer St / Union Ave median real estate price is $1,271,612, which is more expensive than 84.0% of the neighborhoods in New York and 94.9% of the neighborhoods in the U.S.

The average rental price in Lorimer St / Union Ave is currently $4,251, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.0% of the neighborhoods in New York.

Lorimer St / Union Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Lorimer St / Union 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 Lorimer St / Union Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Lorimer St / Union Ave, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 82.9% of all neighborhoods in the U.S. This means that the housing supply in Lorimer St / Union Ave is very tight compared to the demand for property here.

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 Lorimer St / Union Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 93,379 people per square mile, it is more densely populated than 99.6% of America's neighborhoods.

Modes of Transportation

More people in Lorimer St / Union Ave choose to walk to work each day (36.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, in the Lorimer St / Union Ave neighborhood, 21.6% 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 97.7% of the neighborhoods in America.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Lorimer St / Union Ave neighborhood has a highly unusual pattern of car ownership. 32.7% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.4% of U.S. neighborhoods.

People

Of note, 56.2% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

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 Lorimer St / Union Ave neighborhood. More residents of the Lorimer St / Union Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 100.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

Diversity

Did you know that the Lorimer St / Union Ave neighborhood has more Hungarian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.9% of this neighborhood's residents have Hungarian ancestry and 4.5% have Eastern European ancestry.

Lorimer St / Union Ave is also pretty special linguistically. Significantly, 59.3% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 99.9% 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 Lorimer St / Union Ave 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 91.2% of U.S. neighborhoods. With 56.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.1% 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 Lorimer St / Union Ave neighborhood, 40.1% 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 23.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.5%), and 16.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

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 Lorimer St / Union Ave neighborhood is German/Yiddish, spoken by 59.3% of households. Other important languages spoken here include English and Spanish.

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 Lorimer St / Union Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Hungarian (13.9%). There are also a number of people of Mexican ancestry (11.5%), and residents who report Polish roots (8.3%), and some of the residents are also of Eastern European ancestry (4.5%), along with some Dominican ancestry residents (2.1%), among others.

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 Lorimer St / Union Ave neighborhood spend under 15 minutes commuting one-way to work (31.4% of working residents), one of the shortest commutes across America.

Here most residents (36.0%) hop out the door and walk to work to get to work. In addition, quite a number also take the train to get to work (21.6%) and 15.2% of residents also drive alone in a private automobile for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.

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