8th St / Adams St median real estate price is $909,464, which is more expensive than 76.6% of the neighborhoods in New Jersey and 85.1% of the neighborhoods in the U.S.
The average rental price in 8th St / Adams St is currently $4,103, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.9% of the neighborhoods in New Jersey.
8th St / Adams St is a densely urban neighborhood (based on population density) located in Hoboken, New Jersey.
8th St / Adams St 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 8th St / Adams St neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
8th St / Adams St has a 10.6% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Hoboken, the 8th St / Adams St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Of note is NeighborhoodScout's research finding that the 8th St / Adams St neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the 8th St / Adams St community truly stands out from the rest in this regard.
In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the 8th St / Adams St neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.2% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the 8th St / Adams St neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Also, the rate of college educated adults in the 8th St / Adams St neighborhood is a unique characteristic of the neighborhood. 84.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.9% of all U.S. neighborhoods.
Modes of Transportation
In the 8th St / Adams St neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 40.6% 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 99.6% 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.
Also, more people ride the bus in this neighborhood each day to get to work than 99.1% of U.S. neighborhoods.
Finally, in the 8th St / Adams St neighborhood, 23.6% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 97.6% of the neighborhoods in America.
Real Estate
One of the really unique and interesting things about the look and setting of the 8th St / Adams St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.0% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.5% of all neighborhoods in America.
In addition, the 8th St / Adams St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 51,743 persons per square mile in the neighborhood, it is more packed with people than 98.5% 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 8th St / Adams St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Occupations
Executives, managers and professionals make up 72.0% of the workforce in the 8th St / Adams St neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.5% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the 8th St / Adams St neighborhood has more South American and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.4% of this neighborhood's residents have South American ancestry and 1.8% have Romanian ancestry.
8th St / Adams St is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 95.4% 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 8th St / Adams St neighborhood in Hoboken are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 94.9% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 8th St / Adams St neighborhood, 72.0% 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 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (6.5%).
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 8th St / Adams St neighborhood is English, spoken by 61.4% of households. Other important languages spoken here include Spanish and Chinese.
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 8th St / Adams St neighborhood in Hoboken, NJ, residents most commonly identify their ethnicity or ancestry as Irish (19.1%). There are also a number of people of Italian ancestry (17.4%), and residents who report South American roots (15.4%), and some of the residents are also of Polish ancestry (6.7%), along with some German ancestry residents (6.6%), among others. In addition, 17.2% 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 8th St / Adams St neighborhood spend between 45 minutes and one hour commuting one-way to work (55.4% of working residents), longer and tougher than most commutes in America.
Here most residents (23.6%) take the train to get to work. In addition, quite a number also ride the bus to get to work (22.8%) and 11.4% of residents also drive alone in a private automobile for their daily commute. 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.
