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Real Estate Prices & Overview

Journal Square East median real estate price is $588,753, which is more expensive than 49.0% of the neighborhoods in New Jersey and 73.4% of the neighborhoods in the U.S.

The average rental price in Journal Square East is currently $3,405, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.7% of New Jersey neighborhoods.

Journal Square East is a densely urban neighborhood (based on population density) located in Jersey City, New Jersey.

Journal Square East 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 East 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 1970 and 1999.

In Journal Square East, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.4% of all neighborhoods in the U.S. This means that the housing supply in Journal Square East is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Journal Square East neighborhood has a highly unusual pattern of car ownership. 69.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.6% of U.S. neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 30.0% of the Journal Square East neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.4% of America's neighborhoods.

Also, more people in Journal Square East choose to walk to work each day (11.0%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Finally, our research shows that more people carpool to work here in the Journal Square East (23.0%) than in 95.4% of the neighborhoods in America.

People

Single parenting is hard. But you don't have to tell the Journal Square East neighborhood about it; they already know. 19.0% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 96.4% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, the Journal Square East neighborhood has a greater percentage of children living in poverty (53.7%) than found in 95.4% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Real Estate

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 Journal Square East neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Diversity

Did you know that the Journal Square East neighborhood has more Brazilian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.7% of this neighborhood's residents have Brazilian ancestry and 17.5% have Jamaican ancestry.

Journal Square East is also pretty special linguistically. Significantly, 14.7% 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 99.7% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Journal Square East neighborhood. More residents of the Journal Square East neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.9% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

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 Journal Square East neighborhood in Jersey City are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.8% of U.S. neighborhoods. With 53.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.4% 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 Journal Square East neighborhood, 33.7% 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 28.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (20.4%), and 17.7% 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 Journal Square East neighborhood is English, spoken by 58.2% of households. Other important languages spoken here include Spanish, Langs. of India and Tagalog (the first language of the Philippine region).

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 Journal Square East neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Asian (17.6%). There are also a number of people of Jamaican ancestry (17.5%), and residents who report Puerto Rican roots (16.6%), and some of the residents are also of South American ancestry (8.1%), along with some Brazilian ancestry residents (6.7%), among others. In addition, 29.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Journal Square East neighborhood spend between 45 minutes and one hour commuting one-way to work (48.4% of working residents), longer and tougher than most commutes in America.

Here most residents (30.0%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (23.0%) and 16.3% 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.

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