Montgomery St / Schenectady Ave median real estate price is $1,461,132, which is more expensive than 86.7% of the neighborhoods in New York and 95.8% of the neighborhoods in the U.S.
The average rental price in Montgomery St / Schenectady Ave is currently $3,079, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.6% of New York neighborhoods.
Montgomery St / Schenectady Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Montgomery St / Schenectady 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 Montgomery St / Schenectady 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.
Real estate vacancies in Montgomery St / Schenectady Ave are 3.8%, which is lower than one will find in 74.6% of American neighborhoods. Demand for real estate in Montgomery St / Schenectady Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Montgomery St / Schenectady 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 97,158 people per square mile, it is more densely populated than 99.6% of America'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 Montgomery St / Schenectady Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, 98.1% of the real estate in the Montgomery St / Schenectady Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
Furthermore, the Montgomery St / Schenectady 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 88.1% 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.
Also of note, the real estate in the Montgomery St / Schenectady 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, 78.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.5% of American neighborhoods.
Finally, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Montgomery St / Schenectady Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 74.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.1% of the neighborhoods in the United States.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Montgomery St / Schenectady Ave neighborhood buck this trend. 50.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.7% of U.S. neighborhoods.
Modes of Transportation
In the Montgomery St / Schenectady Ave neighborhood, 38.6% 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 98.7% of the neighborhoods in America.
Also, our research revealed that more commuters here take the bus to work (15.5% ride the bus) than 97.5% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Finally, in the Montgomery St / Schenectady Ave neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 12.1% of residents here. This is a higher proportion of walking commuters than we found in 96.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Diversity
Did you know that the Montgomery St / Schenectady Ave neighborhood has more Eastern European and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.6% of this neighborhood's residents have Eastern European ancestry and 12.7% have Haitian ancestry.
Montgomery St / Schenectady Ave is also pretty special linguistically. Significantly, 13.3% 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 99.5% of the neighborhoods in America.
Migration / Stability
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Montgomery St / Schenectady Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.6% 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 Montgomery St / Schenectady Ave neighborhood has a greater percentage of residents born in another country (48.6%) than are found in 97.3% 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 Montgomery St / Schenectady 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 74.6% of U.S. neighborhoods. In addition, 9.1% 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 52.9% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Montgomery St / Schenectady Ave neighborhood, 30.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.5%), and 19.4% in clerical, assistant, and tech support occupations.
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 Montgomery St / Schenectady Ave neighborhood is English, spoken by 68.3% of households. Other important languages spoken here include French 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 Montgomery St / Schenectady Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Jamaican (14.2%). There are also a number of people of Haitian ancestry (12.7%), and residents who report Dominican roots (7.6%), and some of the residents are also of Eastern European ancestry (6.6%), along with some Puerto Rican ancestry residents (3.5%), among others. In addition, 48.6% of the residents of this neighborhood were born in another country.
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 Montgomery St / Schenectady Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (37.9% of working residents), longer and tougher than most commutes in America.
Here most residents (38.6%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (21.7%) and 15.5% 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.
