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Real Estate Prices & Overview

Greene Ave / Nostrand Ave median real estate price is $2,271,612, which is more expensive than 95.8% of the neighborhoods in New York and 98.8% of the neighborhoods in the U.S.

The average rental price in Greene Ave / Nostrand Ave is currently $3,484, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.1% of the neighborhoods in New York.

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

Greene Ave / Nostrand 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 Greene Ave / Nostrand 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 1970 and 1999.

Real estate vacancies in Greene Ave / Nostrand Ave are 5.1%, which is lower than one will find in 65.5% of American neighborhoods. Demand for real estate in Greene Ave / Nostrand Ave 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

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.

Modes of Transportation

In the Greene Ave / Nostrand Ave neighborhood, 62.3% 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 99.9% of the neighborhoods in America.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.0% of residents in the Greene Ave / Nostrand Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Greene Ave / Nostrand Ave neighborhood buck this trend. 72.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. neighborhoods.

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 78,716 people per square mile, it is more densely populated than 99.3% of America's neighborhoods. 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 Greene Ave / Nostrand Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the Greene Ave / Nostrand Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 36.1% of the real estate here is made up of such dwellings, which is higher than 96.3% of all U.S. neighborhoods.

Diversity

Did you know that the Greene Ave / Nostrand Ave neighborhood has more Haitian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.3% of this neighborhood's residents have Haitian ancestry and 13.0% have Puerto Rican ancestry.

Greene Ave / Nostrand Ave is also pretty special linguistically. Significantly, 13.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.5% 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 Greene Ave / Nostrand 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 71.8% of U.S. neighborhoods. With 48.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.3% 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 Greene Ave / Nostrand Ave neighborhood, 42.3% 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 25.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.6%), 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 Greene Ave / Nostrand Ave neighborhood is English, spoken by 66.7% of households. Other important languages spoken here include Spanish, French, African languages and Italian.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Greene Ave / Nostrand Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Haitian (15.3%). There are also a number of people of Puerto Rican ancestry (13.0%), and residents who report German roots (6.0%), and some of the residents are also of Jamaican ancestry (4.5%), along with some Irish ancestry residents (4.5%), among others. In addition, 21.9% 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 Greene Ave / Nostrand Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (45.4% of working residents), longer and tougher than most commutes in America.

Here most residents (62.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (11.5%) and 6.0% of residents also bicycle 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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