Williamsburg Brg / Wythe Ave median real estate price is $1,655,583, which is more expensive than 91.3% of the neighborhoods in New York and 97.4% of the neighborhoods in the U.S.
The average rental price in Williamsburg Brg / Wythe Ave is currently $6,252, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.4% of the neighborhoods in New York.
Williamsburg Brg / Wythe Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Williamsburg Brg / Wythe 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 Williamsburg Brg / Wythe Ave neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Home and apartment vacancy rates are 7.5% in Williamsburg Brg / Wythe Ave. NeighborhoodScout analysis shows that this rate is lower than 51.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
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 Williamsburg Brg / Wythe Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
The Williamsburg Brg / Wythe Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 62,920 persons per square mile in the neighborhood, it is more packed with people than 98.9% of the nation'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 Williamsburg Brg / Wythe Ave neighborhood is one of the most walkable neighborhoods in America. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Williamsburg Brg / Wythe Ave neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Williamsburg Brg / Wythe Ave is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, the real estate in the Williamsburg Brg / Wythe Ave neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 89.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.1% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Williamsburg Brg / Wythe Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.1%, which is higher than 96.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the Williamsburg Brg / Wythe 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 84.1% 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.
Modes of Transportation
If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 5.5% of the Williamsburg Brg / Wythe Ave neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.8% of America's neighborhoods.
Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 6.8% of residents in the Williamsburg Brg / Wythe Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Finally, in the Williamsburg Brg / Wythe Ave neighborhood, 34.0% 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 98.4% of the neighborhoods in America.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Williamsburg Brg / Wythe Ave neighborhood have a highly unusual car ownership. 60.3% 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
Williamsburg Brg / Wythe Ave has the amazing distinction of housing more same sex couples living together than 97.9% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
In addition, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 4.3% of America's neighborhoods are wealthier than the Williamsburg Brg / Wythe Ave neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe. Despite that Williamsburg Brg / Wythe Ave is among the wealthiest of neighborhoods in America, it is simultaneously home to a higher percentage of children living in poverty than most U.S. neighborhoods. This underscores the income gap that is found here in this neighborhood.
Also, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Williamsburg Brg / Wythe Ave neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.2% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Williamsburg Brg / Wythe Ave neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Diversity
Did you know that the Williamsburg Brg / Wythe Ave neighborhood has more Eastern European and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.6% of this neighborhood's residents have Eastern European ancestry and 9.8% have Dominican ancestry.
Williamsburg Brg / Wythe Ave is also pretty special linguistically. Significantly, 20.6% 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 99.8% of the neighborhoods in America.
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 Williamsburg Brg / Wythe Ave 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 95.7% of the neighborhoods in America. With 59.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 96.6% 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 Williamsburg Brg / Wythe Ave neighborhood, 58.9% 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 23.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.7%), and 6.7% 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 Williamsburg Brg / Wythe Ave neighborhood is English, spoken by 55.4% of households. Other important languages spoken here include German/Yiddish and Spanish.
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 Williamsburg Brg / Wythe Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Eastern European (10.6%). There are also a number of people of Dominican ancestry (9.8%), and residents who report German roots (8.0%), and some of the residents are also of Puerto Rican ancestry (6.7%), along with some Italian ancestry residents (6.7%), among others. In addition, 17.3% of the residents of this neighborhood were born in another country.
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 Williamsburg Brg / Wythe Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (46.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (34.0%) 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 (11.7%) and 9.9% 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.
