Ridgewood Ave / Shepherd Ave median real estate price is $807,928, which is more expensive than 60.0% of the neighborhoods in New York and 84.4% of the neighborhoods in the U.S.
The average rental price in Ridgewood Ave / Shepherd Ave is currently $3,367, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.1% of the neighborhoods in New York.
Ridgewood Ave / Shepherd Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
Ridgewood Ave / Shepherd Ave 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 Ridgewood Ave / Shepherd 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.
Real estate vacancies in Ridgewood Ave / Shepherd Ave are 5.1%, which is lower than one will find in 64.8% of American neighborhoods. Demand for real estate in Ridgewood Ave / Shepherd 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
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 72,775 people per square mile, it is more densely populated than 99.2% 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 Ridgewood Ave / Shepherd Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.
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 Ridgewood Ave / Shepherd Ave 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, 51.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.6% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Ridgewood Ave / Shepherd Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 63.7% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.5% of the neighborhoods in the United States.
American households most often have a car, and regularly they have two or three. But households in the Ridgewood Ave / Shepherd Ave neighborhood buck this trend. 63.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.3% of U.S. neighborhoods.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Ridgewood Ave / Shepherd Ave neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Ridgewood Ave / Shepherd Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.5% 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 99.3% of all neighborhoods in America.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 39.5% of the Ridgewood Ave / Shepherd Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's neighborhoods.
Also, in the Ridgewood Ave / Shepherd Ave neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 31.3% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.5% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Ridgewood Ave / Shepherd Ave neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.6% of all American neighborhoods.
Did you know that the Ridgewood Ave / Shepherd Ave neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.2% of this neighborhood's residents have Dominican ancestry and 16.4% have Puerto Rican ancestry.
Ridgewood Ave / Shepherd Ave is also pretty special linguistically. Significantly, 59.5% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.7% of all U.S. neighborhoods.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Ridgewood Ave / Shepherd Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.7% 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.
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 Ridgewood Ave / Shepherd Ave neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 52.5% of the neighborhoods in America. With 20.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.6% 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 Ridgewood Ave / Shepherd Ave neighborhood, 37.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 34.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.2%), and 13.1% in manufacturing and laborer occupations.
Languages
The most common language spoken in the Ridgewood Ave / Shepherd Ave neighborhood is Spanish, spoken by 59.5% of households. Some people also speak English (39.6%).
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 Ridgewood Ave / Shepherd Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (16.4%). There are also a number of people of Mexican ancestry (15.7%), and residents who report Dominican roots (15.2%), and some of the residents are also of South American ancestry (5.4%), along with some Jamaican ancestry residents (2.3%), among others. In addition, 36.6% 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 Ridgewood Ave / Shepherd Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (39.5% of working residents), longer and tougher than most commutes in America.
Here most residents (39.5%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (17.1%) . 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.
