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Real Estate Prices & Overview

Alabama Ave / Riverdale Ave median real estate price is $728,547, which is more expensive than 53.6% of the neighborhoods in New York and 80.5% of the neighborhoods in the U.S.

The average rental price in Alabama Ave / Riverdale Ave is currently $2,831, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.7% of New York neighborhoods.

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

Alabama Ave / Riverdale 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 Alabama Ave / Riverdale 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.

Home and apartment vacancy rates are 6.2% in Alabama Ave / Riverdale Ave. NeighborhoodScout analysis shows that this rate is lower than 57.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 51.1% of the Alabama Ave / Riverdale Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.6% of America's neighborhoods.

Real Estate

The Alabama Ave / Riverdale Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 59,595 persons per square mile in the neighborhood, it is more packed with people than 98.8% 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 Alabama Ave / Riverdale Ave neighborhood is one of the most walkable 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 Alabama Ave / Riverdale Ave neighborhood has a highly unusual pattern of car ownership. 46.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.

Diversity

Did you know that the Alabama Ave / Riverdale Ave neighborhood has more West Indian and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 0.9% of this neighborhood's residents have West Indian ancestry and 11.4% have Dominican ancestry.

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 Alabama Ave / Riverdale Ave neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 72.3% of U.S. neighborhoods. With 21.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.1% 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 Alabama Ave / Riverdale Ave neighborhood, 33.8% 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 27.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.7%), and 19.2% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Alabama Ave / Riverdale Ave neighborhood is English, spoken by 80.7% of households. Some people also speak Spanish (16.5%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Alabama Ave / Riverdale Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Dominican (11.4%). There are also a number of people of Jamaican ancestry (9.4%), and residents who report Sub-Saharan African roots (6.9%), and some of the residents are also of Puerto Rican ancestry (6.5%), along with some South American ancestry residents (2.6%), among others. In addition, 38.1% 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 Alabama Ave / Riverdale Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (34.3% of working residents), longer and tougher than most commutes in America.

Here most residents (51.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (39.6%) and 6.4% of residents also ride the bus 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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