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Real Estate Prices & Overview

South Ironbound median real estate price is $664,941, which is more expensive than 61.2% of the neighborhoods in New Jersey and 77.2% of the neighborhoods in the U.S.

The average rental price in South Ironbound is currently $2,831, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.2% of New Jersey neighborhoods.

South Ironbound is a densely urban neighborhood (based on population density) located in Newark, New Jersey.

South Ironbound 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 South Ironbound neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In South Ironbound, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 83.4% of all neighborhoods in the U.S. This means that the housing supply in South Ironbound is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

In the South Ironbound neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 40.5% of commuters carpool here, which is more than in 99.8% of all U.S. neighborhoods.

Occupations

NeighborhoodScout's exclusive research identifies the South Ironbound neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 52.1% of its working residents employed in such fields, which is a higher proportion than 99.2% of American neighborhoods.

Real Estate

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 South Ironbound 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, 54.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.9% of America's neighborhoods.

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 South Ironbound neighborhood have a highly unusual car ownership. 23.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.0% of U.S. neighborhoods.

People

The South Ironbound neighborhood stands out within New Jersey for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 6.3% of college-friendly places to live in NJ.

Diversity

Did you know that the South Ironbound neighborhood has more Brazilian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.7% of this neighborhood's residents have Brazilian ancestry and 9.8% have Portuguese ancestry.

South Ironbound is also pretty special linguistically. Significantly, 19.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the South Ironbound neighborhood has a greater percentage of residents born in another country (59.0%) than are found in 99.1% 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 South Ironbound neighborhood in Newark are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.0% of the neighborhoods in America. With 22.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.6% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the South Ironbound neighborhood, 52.1% of the working population is employed in manufacturing and laborer 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 21.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.6%), and 5.9% in clerical, assistant, and tech support 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 South Ironbound neighborhood is Spanish, spoken by 42.8% of households. Other important languages spoken here include Portuguese, English and African languages.

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 South Ironbound neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Brazilian (23.7%). There are also a number of people of South American ancestry (23.2%), and residents who report Portuguese roots (9.8%), and some of the residents are also of Mexican ancestry (3.0%), along with some Italian ancestry residents (2.8%), among others. In addition, 59.0% 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 South Ironbound neighborhood spend between 30 and 45 minutes commuting one-way to work (40.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (48.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (40.5%) . 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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