Kings Hwy / E 55th St median real estate price is $832,592, which is more expensive than 64.7% of the neighborhoods in New York and 86.0% of the neighborhoods in the U.S.
The average rental price in Kings Hwy / E 55th St is currently $3,287, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.5% of New York neighborhoods.
Kings Hwy / E 55th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Kings Hwy / E 55th St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Kings Hwy / E 55th St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Kings Hwy / E 55th St has a 13.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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.
Of note is NeighborhoodScout's research finding that the Kings Hwy / E 55th St neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Kings Hwy / E 55th St community truly stands out from the rest in this regard.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 44.1% of the Kings Hwy / E 55th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.1% of America's neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 98.1% of U.S. neighborhoods.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Kings Hwy / E 55th St 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 Kings Hwy / E 55th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 15.1% 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 98.6% of all neighborhoods in America.
Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Kings Hwy / E 55th St neighborhood could be your paradise. With 33.5% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 2.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.
In addition, 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 Kings Hwy / E 55th St neighborhood is one of the most walkable neighborhoods in America.
Did you know that the Kings Hwy / E 55th St neighborhood has more Jamaican and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.8% of this neighborhood's residents have Jamaican ancestry and 12.8% have African ancestry.
Kings Hwy / E 55th St is also pretty special linguistically. Significantly, 4.6% 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 97.3% of the neighborhoods in America.
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 Kings Hwy / E 55th St neighborhood. More residents of the Kings Hwy / E 55th St neighborhood live here today that also were living in this same neighborhood five years ago than is found in 98.8% 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. What is interesting to note, is that the Kings Hwy / E 55th St neighborhood has a greater percentage of residents born in another country (43.6%) than are found in 95.6% of all U.S. neighborhoods.
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 Kings Hwy / E 55th St neighborhood in Brooklyn are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 69.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 Kings Hwy / E 55th St neighborhood, 36.8% 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 25.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.4%), and 18.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Kings Hwy / E 55th St neighborhood is English, spoken by 92.3% of households. Some people also speak French (4.6%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Kings Hwy / E 55th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (27.8%). There are also a number of people of Sub-Saharan African ancestry (13.1%), and residents who report African roots (12.8%), and some of the residents are also of Haitian ancestry (5.7%), along with some Dominican ancestry residents (2.7%), among others. In addition, 43.6% 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 Kings Hwy / E 55th St neighborhood spend between 45 minutes and one hour commuting one-way to work (56.3% of working residents), longer and tougher than most commutes in America.
Here most residents (44.1%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (32.5%) and 17.7% 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.