Journal Square median real estate price is $1,012,815, which is more expensive than 83.0% of the neighborhoods in New Jersey and 88.9% of the neighborhoods in the U.S.
The average rental price in Journal Square is currently $4,975, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.6% of the neighborhoods in New Jersey.
Journal Square is a densely urban neighborhood (based on population density) located in Jersey City, New Jersey.
Journal Square 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 renter occupied. Many of the residences in the Journal Square neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.
Journal Square has a 12.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.4% 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 Jersey City, the Journal Square neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 41.3% of the Journal Square neighborhood's commuters ride the train to and from work each day, which is more than we found in 99.1% of America's neighborhoods.
Also, a unique way of commuting is simply not to. And in the Journal Square neighborhood, analysis shows that 35.8% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 96.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
American households most often have a car, and regularly they have two or three. But households in the Journal Square neighborhood buck this trend. 46.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.
93.6% of the real estate in the Journal Square neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the Journal Square neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 89.3% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, the real estate in the Journal Square neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 82.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.0% of American neighborhoods.
Also of note, if you like crowded places, then you will probably enjoy the the Journal Square neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 30,095 people per square mile living here.
Finally, homes built from 2000 through today make up a higher proportion of the Journal Square neighborhood's real estate landscape than 95.4% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 71.3% of the residential real estate here is classified as newer.
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Journal Square neighborhood, where 42.2% have earned an advanced degree. Compare that to the average neighborhood in America, where just 14.1% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 97.5% of the neighborhoods in America.
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 Journal Square neighborhood has a greater percentage of residents born in another country (66.0%) than are found in 99.5% of all U.S. neighborhoods.
Did you know that the Journal Square neighborhood has more Asian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 57.3% of this neighborhood's residents have Asian ancestry and 5.4% have Haitian ancestry.
Journal Square is also pretty special linguistically. Significantly, 27.7% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
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 Journal Square neighborhood in Jersey City are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 58.6% of the neighborhoods in America. With 18.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 67.5% of U.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 Journal Square neighborhood, 64.2% 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 26.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.8%).
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 Journal Square neighborhood is Langs. of India, spoken by 27.7% of households. Other important languages spoken here include English, Chinese, Spanish and French.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Journal Square neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Asian (57.3%). There are also a number of people of Haitian ancestry (5.4%), and residents who report Dominican roots (4.6%), and some of the residents are also of Arab ancestry (3.2%), along with some Mexican ancestry residents (3.0%), among others. In addition, 66.0% 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 Journal Square neighborhood spend between 45 minutes and one hour commuting one-way to work (36.1% of working residents), longer and tougher than most commutes in America.
Here most residents (41.3%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (14.2%) and 5.5% of residents also ride the bus 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.
