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Real Estate Prices & Overview

22nd Ave / E 5th St median real estate price is $1,782,927, which is more expensive than 91.9% of the neighborhoods in New York and 97.6% of the neighborhoods in the U.S.

The average rental price in 22nd Ave / E 5th St is currently $3,429, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.9% of the neighborhoods in New York.

22nd Ave / E 5th St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

22nd Ave / E 5th St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 22nd Ave / E 5th St 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 9.1% in 22nd Ave / E 5th St. NeighborhoodScout analysis shows that this rate is lower than 41.1% 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 NeighborhoodScout'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

More people in 22nd Ave / E 5th St choose to walk to work each day (24.4%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.1% of residents in the 22nd Ave / E 5th St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.3% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Finally, in the 22nd Ave / E 5th St neighborhood, 12.3% 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 96.1% of the neighborhoods in America.

Real Estate

If you like crowded places, then you will probably enjoy the the 22nd Ave / E 5th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 28,336 people per square mile living here. 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 22nd Ave / E 5th St 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 22nd Ave / E 5th St 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, 23.7% of the residential real estate here is classified as row houses and attached homes.

Furthermore, 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 22nd Ave / E 5th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 55.9% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.6% of the neighborhoods in the United States.

Diversity

Did you know that the 22nd Ave / E 5th St neighborhood has more Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.4% of this neighborhood's residents have Arab ancestry.

22nd Ave / E 5th St is also pretty special linguistically. Significantly, 14.9% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 99.7% of the neighborhoods in America.

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 22nd Ave / E 5th 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 66.6% of the neighborhoods in America. In addition, 8.3% 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 54.5% of America'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 22nd Ave / E 5th St neighborhood, 60.9% 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 17.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.4%), and 8.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the 22nd Ave / E 5th St neighborhood is English, spoken by 59.3% of households. Some people also speak German/Yiddish (14.9%).

Ethnicity / Ancestry

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 22nd Ave / E 5th St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (15.1%). There are also a number of people of Arab ancestry (8.4%), and residents who report Italian roots (4.1%), and some of the residents are also of Polish ancestry (2.3%), along with some Hungarian ancestry residents (1.5%), among others. In addition, 20.0% 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 22nd Ave / E 5th St neighborhood spend between 15 and 30 minutes commuting one-way to work (28.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (27.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (24.4%) and 13.4% of residents also carpool with coworkers, friends, or neighbors 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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