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Real Estate Prices & Overview

Borough Park Southwest median real estate price is $1,815,880, which is more expensive than 88.8% of the neighborhoods in New York and 96.4% of the neighborhoods in the U.S.

The average rental price in Borough Park Southwest is currently $2,978, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.5% of New York neighborhoods.

Borough Park Southwest is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Borough Park Southwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Borough Park Southwest 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.

Borough Park Southwest has a 12.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

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 71,633 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 Borough Park Southwest neighborhood is one of the most walkable neighborhoods in America.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Borough Park Southwest neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 59.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.2% of America's neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 39.4% of the Borough Park Southwest neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.8% of America's neighborhoods.

Also, more people in Borough Park Southwest choose to walk to work each day (12.3%) 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.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Borough Park Southwest neighborhood buck this trend. 42.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.

Diversity

Did you know that the Borough Park Southwest neighborhood has more Asian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 70.3% of this neighborhood's residents have Asian ancestry and 2.1% have Ukrainian ancestry.

Borough Park Southwest is also pretty special linguistically. Significantly, 65.3% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 100.0% of all U.S. neighborhoods.

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 Borough Park Southwest neighborhood. What is interesting to note, is that the Borough Park Southwest neighborhood has a greater percentage of residents born in another country (62.0%) than are found in 99.4% of all U.S. neighborhoods.

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 Borough Park Southwest 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 62.7% of U.S. neighborhoods. With 34.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.4% 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 Borough Park Southwest neighborhood, 30.3% 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 29.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (27.9%), and 12.3% in manufacturing and laborer 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 Borough Park Southwest neighborhood is Chinese, spoken by 65.3% of households. Other important languages spoken here include English, Arabic, Spanish and Russian.

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 Borough Park Southwest neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (70.3%). There are also a number of people of Italian ancestry (4.5%), and residents who report Mexican roots (4.0%), and some of the residents are also of Arab ancestry (3.9%), along with some Puerto Rican ancestry residents (3.1%), among others. In addition, 62.0% of the residents of this neighborhood were born in another country.

Getting to Work

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 Borough Park Southwest neighborhood spend between 45 minutes and one hour commuting one-way to work (54.7% of working residents), longer and tougher than most commutes in America.

Here most residents (39.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (14.2%) and 13.2% of residents also carpool with coworkers, friends, or neighbors 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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