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Real Estate Prices & Overview

Ocean Ave / Quentin Rd median real estate price is $1,359,860, which is more expensive than 83.0% of the neighborhoods in New York and 94.3% of the neighborhoods in the U.S.

The average rental price in Ocean Ave / Quentin Rd is currently $3,096, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.2% of New York neighborhoods.

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

Ocean Ave / Quentin Rd 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 single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Ocean Ave / Quentin Rd 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 Ocean Ave / Quentin Rd are 4.0%, which is lower than one will find in 73.7% of American neighborhoods. Demand for real estate in Ocean Ave / Quentin Rd 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.

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 Ocean Ave / Quentin Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Ocean Ave / Quentin Rd neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 56,981 persons per square mile in the neighborhood, it is more packed with people than 98.7% 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 Ocean Ave / Quentin Rd neighborhood is one of the most walkable neighborhoods in America.

In addition, the real estate in the Ocean Ave / Quentin Rd 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, 78.5% 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.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 28.9% of the Ocean Ave / Quentin Rd neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.1% of America's neighborhoods.

Also, more people ride the bus in this neighborhood each day to get to work than 97.9% of U.S. neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Ocean Ave / Quentin Rd neighborhood buck this trend. 31.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.3% of U.S. neighborhoods.

People

With a nice mix of college students, safety from crime, and decent walkability, the Ocean Ave / Quentin Rd neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.1% of the neighborhoods in NY. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Ocean Ave / Quentin Rd neighborhood has more Russian and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.8% of this neighborhood's residents have Russian ancestry and 4.2% have Iranian ancestry.

Ocean Ave / Quentin Rd is also pretty special linguistically. Significantly, 16.2% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the Ocean Ave / Quentin Rd neighborhood has a greater percentage of residents born in another country (58.3%) than are found in 99.0% 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 Ocean Ave / Quentin Rd 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 68.4% of U.S. neighborhoods. With 21.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.3% 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 Ocean Ave / Quentin Rd neighborhood, 49.3% 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 17.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (17.3%), and 15.8% 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 Ocean Ave / Quentin Rd neighborhood is English, spoken by 35.7% of households. Other important languages spoken here include Russian, Spanish, Chinese and German/Yiddish.

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 Ocean Ave / Quentin Rd neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Russian (9.8%). There are also a number of people of Asian ancestry (9.5%), and residents who report Mexican roots (5.9%), and some of the residents are also of Irania ancestry (4.2%), along with some Haitian ancestry residents (3.4%), among others. In addition, 58.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Ocean Ave / Quentin Rd neighborhood spend between 45 minutes and one hour commuting one-way to work (40.9% of working residents), longer and tougher than most commutes in America.

Here most residents (29.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (28.9%) and 17.0% of residents also ride the bus 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.


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