Passaic Northwest median real estate price is $376,090, which is more expensive than 25.1% of the neighborhoods in New Jersey and 46.2% of the neighborhoods in the U.S.
The average rental price in Passaic Northwest is currently $2,790, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.2% of New Jersey neighborhoods.
Passaic Northwest is a densely urban neighborhood (based on population density) located in Passaic, New Jersey.
Passaic Northwest 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 Passaic Northwest 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 Passaic Northwest are 4.8%, which is lower than one will find in 67.7% of American neighborhoods. Demand for real estate in Passaic Northwest 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.
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 Passaic, the Passaic Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
More people work in manufacturing and as laborers here in the Passaic Northwest neighborhood than in 99.4% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
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 Passaic Northwest 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 49.3% of the real estate here is made up of such dwellings, which is higher than 98.3% of all U.S. neighborhoods.
In addition, the Passaic Northwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,222 persons per square mile in the neighborhood, it is more packed with people than 97.2% of the nation'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 Passaic Northwest neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, renter-occupied real estate is dominant in the Passaic Northwest neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.8%, which is higher than 96.2% 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.
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 Passaic Northwest neighborhood has more single mother households than 98.3% 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.
Modes of Transportation
Our research revealed that more commuters here take the bus to work (17.0% ride the bus) than 97.9% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.
Also, in the Passaic Northwest neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 16.4% of residents here. This is a higher proportion of walking commuters than we found in 97.5% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Passaic Northwest neighborhood buck this trend. 21.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.6% of U.S. neighborhoods.
Diversity
Did you know that the Passaic Northwest neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.9% of this neighborhood's residents have Dominican ancestry and 7.9% have South American ancestry.
Passaic Northwest is also pretty special linguistically. Significantly, 80.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.6% of all U.S. neighborhoods.
Migration / Stability
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. What is interesting to note, is that the Passaic Northwest neighborhood has a greater percentage of residents born in another country (55.2%) than are found in 98.6% of all U.S. neighborhoods.
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 Passaic Northwest neighborhood in Passaic are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.7% of U.S. neighborhoods. With 48.2% 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.
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 Passaic Northwest neighborhood, 53.2% 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 20.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.7%), and 9.9% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the Passaic Northwest neighborhood is Spanish, spoken by 80.3% of households. Some people also speak English (19.3%).
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 Passaic Northwest neighborhood in Passaic, NJ, residents most commonly identify their ethnicity or ancestry as Mexican (45.2%). There are also a number of people of Dominican ancestry (25.9%), and residents who report South American roots (7.9%), and some of the residents are also of Puerto Rican ancestry (5.6%), along with some Jamaican ancestry residents (1.9%), among others. In addition, 55.2% 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 Passaic Northwest neighborhood spend between 15 and 30 minutes commuting one-way to work (56.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (50.0%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (17.0%) and 16.4% of residents also hop out the door and walk to work 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.
