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Real Estate Prices & Overview

Bay 32nd St / Benson Ave median real estate price is $995,530, which is more expensive than 69.5% of the neighborhoods in New York and 87.1% of the neighborhoods in the U.S.

The average rental price in Bay 32nd St / Benson Ave is currently $3,391, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 40.4% of New York neighborhoods.

Bay 32nd St / Benson Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Bay 32nd St / Benson 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 Bay 32nd St / Benson 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.

In Bay 32nd St / Benson Ave, the current vacancy rate is 3.0%, which is a lower rate of vacancies than 80.5% of all neighborhoods in the U.S. This means that the housing supply in Bay 32nd St / Benson Ave is very tight compared to the demand for property here.

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.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Bay 32nd St / Benson Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 21.7% 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 99.7% of all neighborhoods in America.

Modes of Transportation

In the Bay 32nd St / Benson Ave neighborhood, 51.2% 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 99.5% of the neighborhoods in America.

Also, in the Bay 32nd St / Benson 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 14.0% of residents here. This is a higher proportion of walking commuters than we found in 96.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Finally, our research revealed that more commuters here take the bus to work (13.1% ride the bus) than 96.6% 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.

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 72,491 people per square mile, it is more densely populated than 99.2% 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 Bay 32nd St / Benson Ave neighborhood is one of the most walkable neighborhoods in America.

In addition, the Bay 32nd St / Benson 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 84.2% 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Bay 32nd St / Benson Ave neighborhood buck this trend. 59.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.2% of U.S. neighborhoods.

People

Of note, 71.0% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Diversity

Did you know that the Bay 32nd St / Benson Ave neighborhood has more Ukrainian and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.3% of this neighborhood's residents have Ukrainian ancestry and 2.7% have Armenian ancestry.

Bay 32nd St / Benson Ave is also pretty special linguistically. Significantly, 7.7% 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 99.9% of the neighborhoods in America.

Migration / Stability

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 Bay 32nd St / Benson Ave neighborhood. What is interesting to note, is that the Bay 32nd St / Benson Ave neighborhood has a greater percentage of residents born in another country (59.4%) than are found in 99.1% 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 Bay 32nd St / Benson 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 68.4% of U.S. neighborhoods. With 71.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 98.6% of U.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 Bay 32nd St / Benson Ave neighborhood, 30.4% of the working population is employed in clerical, assistant, and tech support 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 28.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.2%), and 18.4% in executive, management, and professional 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 Bay 32nd St / Benson Ave neighborhood is Spanish, spoken by 19.3% of households. Other important languages spoken here include Chinese, English, Russian and Italian.

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 Bay 32nd St / Benson Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (23.3%). There are also a number of people of Mexican ancestry (9.1%), and residents who report Puerto Rican roots (6.5%), and some of the residents are also of Ukrainian ancestry (6.3%), along with some Russian ancestry residents (5.6%), among others. In addition, 59.4% 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 Bay 32nd St / Benson Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (34.8% of working residents), longer and tougher than most commutes in America.

Here most residents (51.2%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (14.0%) and 13.1% 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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