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Real Estate Prices & Overview

Bedford Ave / Avenue S median real estate price is $1,306,990, which is more expensive than 85.4% of the neighborhoods in New York and 95.3% of the neighborhoods in the U.S.

The average rental price in Bedford Ave / Avenue S is currently $6,027, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.5% of the neighborhoods in New York.

Bedford Ave / Avenue S is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Bedford Ave / Avenue S real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Bedford Ave / Avenue S 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 9.3% in Bedford Ave / Avenue S. NeighborhoodScout analysis shows that this rate is lower than 41.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Bedford Ave / Avenue S neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of note is NeighborhoodScout's research finding that the Bedford Ave / Avenue S 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 Bedford Ave / Avenue S community truly stands out from the rest in this regard.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Bedford Ave / Avenue S neighborhood: a neighborhood in which more "urban sophisticates" live than 98.5% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for college students.

Real Estate

If you like crowded places, then you will probably enjoy the the Bedford Ave / Avenue S neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,701 people per square mile living here. 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 Bedford Ave / Avenue S neighborhood is one of the most walkable neighborhoods in America.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 60.6% of the residential real estate in the Bedford Ave / Avenue S neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.6% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.8% of residents in the Bedford Ave / Avenue S neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 14.6% of the Bedford Ave / Avenue S neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.4% of America's neighborhoods.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.5% of U.S. neighborhoods.

Diversity

Did you know that the Bedford Ave / Avenue S neighborhood has more Arab and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.9% of this neighborhood's residents have Arab ancestry and 2.9% have Eastern European ancestry.

Bedford Ave / Avenue S is also pretty special linguistically. Significantly, 3.5% 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 99.5% 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 Bedford Ave / Avenue S neighborhood. More residents of the Bedford Ave / Avenue S neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.8% 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.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Bedford Ave / Avenue S neighborhood in Brooklyn are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.9% 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.

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 Bedford Ave / Avenue S neighborhood, 46.6% 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 29.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.2%), and 9.6% in government jobs, whether they are in local, state, or federal positions.

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 Bedford Ave / Avenue S neighborhood is English, spoken by 68.7% of households. Other important languages spoken here include Spanish, Chinese, African languages and Russian.

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 Bedford Ave / Avenue S neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Arab (17.9%). There are also a number of people of Asian ancestry (9.6%), and residents who report Polish roots (3.1%), and some of the residents are also of Eastern European ancestry (2.9%), along with some Ukrainian ancestry residents (2.7%), among others. In addition, 22.2% 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 Bedford Ave / Avenue S neighborhood spend between 45 minutes and one hour commuting one-way to work (35.5% of working residents), longer and tougher than most commutes in America.

Here most residents (45.5%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.6%) and 13.3% 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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