What do we mean by a neighborhood?
Ä¢¹½ÊÓƵ® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. Ä¢¹½ÊÓƵ contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
E 16th St / Gravesend Neck Rd median real estate price is $1,287,890, which is more expensive than 82.8% of the neighborhoods in New York and 94.5% of the neighborhoods in the U.S.
The average rental price in E 16th St / Gravesend Neck Rd is currently $3,623, based on Ä¢¹½ÊÓƵ's exclusive analysis. The average rental cost in this neighborhood is higher than 69.6% of the neighborhoods in New York.
E 16th St / Gravesend Neck Rd is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
E 16th St / Gravesend Neck Rd 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 16th St / Gravesend Neck Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Home and apartment vacancy rates are 8.5% in E 16th St / Gravesend Neck Rd. Ä¢¹½ÊÓƵ analysis shows that this rate is lower than 44.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Ä¢¹½ÊÓƵ's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Modes of Transportation
In the E 16th St / Gravesend Neck Rd neighborhood, 31.5% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, Ä¢¹½ÊÓƵ's analysis reveals that this is a higher level of train ridership than in 98.4% of the neighborhoods in America.
People
One of the really interesting characteristics about the E 16th St / Gravesend Neck Rd neighborhood is that, according to Ä¢¹½ÊÓƵ's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.7% of college-friendly places to live in the state of New York.
Real Estate
The E 16th St / Gravesend Neck Rd neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 42,077 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The E 16th St / Gravesend Neck Rd neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, if you love row houses and attached homes, you will probably really like the E 16th St / Gravesend Neck Rd neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 29.0% of the residential real estate here is classified as row houses and attached homes.
Diversity
Did you know that the E 16th St / Gravesend Neck Rd neighborhood has more Russian and Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.2% of this neighborhood's residents have Russian ancestry and 50.1% have Asian ancestry.
E 16th St / Gravesend Neck Rd is also pretty special linguistically. Significantly, 33.8% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.
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. Ä¢¹½ÊÓƵ's research has revealed some interesting things about the rootedness of people in the E 16th St / Gravesend Neck Rd neighborhood. What is interesting to note, is that the E 16th St / Gravesend Neck Rd neighborhood has a greater percentage of residents born in another country (56.9%) than are found in 98.8% 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. Ä¢¹½ÊÓƵ's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the E 16th St / Gravesend Neck Rd neighborhood in Brooklyn are upper-middle income, making it an above average income neighborhood. Ä¢¹½ÊÓƵ's exclusive analysis reveals that this neighborhood has a higher income than 60.1% of the neighborhoods in America. With 26.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.7% 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 E 16th St / Gravesend Neck Rd neighborhood, 45.9% 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 22.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.6%), and 13.5% 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 E 16th St / Gravesend Neck Rd neighborhood is Chinese, spoken by 33.8% of households. Other important languages spoken here include English and Russian.
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 E 16th St / Gravesend Neck Rd neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (50.1%). There are also a number of people of Russian ancestry (11.2%), and residents who report Ukrainian roots (2.3%), and some of the residents are also of Romanian ancestry (1.9%), along with some Polish ancestry residents (1.7%), among others. In addition, 56.9% 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 16th St / Gravesend Neck Rd neighborhood spend between 45 minutes and one hour commuting one-way to work (43.7% of working residents), longer and tougher than most commutes in America.
Here most residents (33.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (31.5%) and 5.5% of residents also hop out the door and walk to work 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.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
