Montgomery St / Prince St median real estate price is $545,575, which is more expensive than 44.4% of the neighborhoods in New Jersey and 63.6% of the neighborhoods in the U.S.
The average rental price in Montgomery St / Prince St is currently $1,823, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.6% of New Jersey neighborhoods.
Montgomery St / Prince St is a densely urban neighborhood (based on population density) located in Newark, New Jersey.
Montgomery St / Prince 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Montgomery St / Prince St neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
In Montgomery St / Prince St, the current vacancy rate is 1.2%, which is a lower rate of vacancies than 89.7% of all neighborhoods in the U.S. This means that the housing supply in Montgomery St / Prince St is very tight compared to the demand for property here.
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.
One of the unique characteristics of the Montgomery St / Prince St neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.6% of the neighborhoods in America.
In addition, one of the most interesting things about the Montgomery St / Prince St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 52.1% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.3% of the neighborhoods in America.
90.6% of the real estate in the Montgomery St / Prince St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, if you like crowded places, then you will probably enjoy the the Montgomery St / Prince St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.0% of neighborhoods in the U.S., with 20,593 people per square mile living here.
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 Montgomery St / Prince St neighborhood has a highly unusual pattern of car ownership. 26.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.6% of U.S. neighborhoods.
Did you know that the Montgomery St / Prince St neighborhood has more Sub-Saharan African and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 33.1% of this neighborhood's residents have Sub-Saharan African ancestry and 10.1% have Dominican ancestry.
Montgomery St / Prince St is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.1% 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 Montgomery St / Prince St neighborhood in Newark are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.6% of U.S. neighborhoods. With 34.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.7% 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 Montgomery St / Prince St 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 clerical, assistant, and tech support occupations, with 26.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.5%), and 16.7% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Montgomery St / Prince St neighborhood is English, spoken by 74.3% of households. Other important languages spoken here include Spanish and African languages.
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 Montgomery St / Prince St neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (33.1%). There are also a number of people of Puerto Rican ancestry (10.7%), and residents who report Dominican roots (10.1%), and some of the residents are also of South American ancestry (4.1%), along with some African ancestry residents (2.5%), among others. In addition, 25.0% 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 Montgomery St / Prince St neighborhood spend between 30 and 45 minutes commuting one-way to work (31.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (66.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.