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Real Estate Prices & Overview

Vailsburg Southwest median real estate price is $463,613, which is more expensive than 32.3% of the neighborhoods in New Jersey and 62.1% of the neighborhoods in the U.S.

The average rental price in Vailsburg Southwest is currently $3,120, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.2% of New Jersey neighborhoods.

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

Vailsburg Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Vailsburg Southwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Vailsburg Southwest are 5.8%, which is lower than one will find in 61.0% of American neighborhoods. Demand for real estate in Vailsburg Southwest 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.

Real Estate

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 Vailsburg Southwest 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 49.6% of the real estate here is made up of such dwellings, which is higher than 98.3% of all U.S. neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the Vailsburg Southwest neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.6% of neighborhoods in the U.S., with 22,976 people per square mile living here. 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 Vailsburg Southwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Vailsburg Southwest neighborhood has more single mother households than 96.1% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Vailsburg Southwest neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.7% of the neighborhoods in NJ. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Vailsburg Southwest neighborhood has more Haitian and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.8% of this neighborhood's residents have Haitian ancestry and 12.8% have Puerto Rican ancestry.

Vailsburg Southwest is also pretty special linguistically. Significantly, 17.6% 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 99.7% 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 Vailsburg Southwest 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 43.0% of the neighborhoods in America. With 23.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.6% 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 Vailsburg Southwest neighborhood, 33.6% 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 27.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (25.2%), and 13.7% 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 Vailsburg Southwest neighborhood is English, spoken by 68.4% of households. Other important languages spoken here include French, Spanish 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 Vailsburg Southwest neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Haitian (23.8%). There are also a number of people of Puerto Rican ancestry (12.8%), and residents who report Sub-Saharan African roots (10.4%), and some of the residents are also of African ancestry (2.5%), along with some Jamaican ancestry residents (1.5%), among others. In addition, 28.2% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Vailsburg Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (38.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (73.8%) 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 (11.0%) and 9.1% of residents also ride the bus for their daily commute. 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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