Watsessing median real estate price is $548,554, which is more expensive than 42.0% of the neighborhoods in New Jersey and 69.9% of the neighborhoods in the U.S.
The average rental price in Watsessing is currently $4,561, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.9% of the neighborhoods in New Jersey.
Watsessing is a densely urban neighborhood (based on population density) located in Bloomfield, New Jersey.
Watsessing 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 occupied by a mixture of owners and renters. Many of the residences in the Watsessing neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
In Watsessing, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 88.2% of all neighborhoods in the U.S. This means that the housing supply in Watsessing is very tight compared to the demand for property here.
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 Bloomfield, the Watsessing neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
One of the really interesting characteristics about the Watsessing neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.9% of college-friendly places to live in the state of New Jersey.
In addition, neighborhoodScout's analysis shows that the Watsessing neighborhood has a greater concentration of residents currently enrolled in college than 95.0% of the neighborhoods in the U.S. With 10.3% of the population here attending college, this is very much a college-focused neighborhood.
Did you know that the Watsessing neighborhood has more South American and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.6% of this neighborhood's residents have South American ancestry and 4.6% have Haitian ancestry.
Watsessing is also pretty special linguistically. Significantly, 4.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 97.8% of the neighborhoods in America.
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 Watsessing neighborhood in Bloomfield are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 76.8% of the neighborhoods in America. With 12.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 55.5% 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 Watsessing neighborhood, 44.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.2%), and 14.5% in clerical, assistant, and tech support occupations.
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 Watsessing neighborhood is English, spoken by 63.3% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and Polish.
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 Watsessing neighborhood in Bloomfield, NJ, residents most commonly identify their ethnicity or ancestry as Asian (15.7%). There are also a number of people of South American ancestry (11.6%), and residents who report Italian roots (7.2%), and some of the residents are also of Puerto Rican ancestry (6.1%), along with some Sub-Saharan African ancestry residents (5.2%), among others. In addition, 34.6% of the residents of this neighborhood were born in another country.
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 Watsessing neighborhood spend between 30 and 45 minutes commuting one-way to work (47.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (51.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (7.3%) and 6.7% 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.