North Ironbound median real estate price is $790,437, which is more expensive than 73.3% of the neighborhoods in New Jersey and 83.9% of the neighborhoods in the U.S.
The average rental price in North Ironbound is currently $3,366, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 49.7% of New Jersey neighborhoods.
North Ironbound is a densely urban neighborhood (based on population density) located in Newark, New Jersey.
North Ironbound real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the North Ironbound neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In North Ironbound, the current vacancy rate is 2.4%, which is a lower rate of vacancies than 82.2% of all neighborhoods in the U.S. This means that the housing supply in North Ironbound 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.
In the North Ironbound neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 46.9% of commuters carpool here, which is more than in 99.9% of all U.S. neighborhoods.
Also, in the North Ironbound neighborhood, 9.8% 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 95.6% of the neighborhoods in America.
Finally, more people ride the bus in this neighborhood each day to get to work than 95.1% of U.S. neighborhoods.
Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The North Ironbound neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 73.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.8% of America's neighborhoods.
In addition, the North Ironbound neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,655 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the North Ironbound neighborhood is one of the most walkable neighborhoods in America.
Furthermore, 87.3% of the real estate in the North Ironbound neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
More people work in manufacturing and as laborers here in the North Ironbound neighborhood than in 99.7% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
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 North Ironbound neighborhood has a highly unusual pattern of car ownership. 44.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the North Ironbound neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.4% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.1% of all neighborhoods in America.
Did you know that the North Ironbound neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 20.9% of this neighborhood's residents have Brazilian ancestry and 35.1% have South American ancestry.
North Ironbound is also pretty special linguistically. Significantly, 35.0% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the North Ironbound neighborhood has a greater percentage of residents born in another country (67.7%) than are found in 99.7% of all U.S. neighborhoods.
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 North Ironbound neighborhood in Newark are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.2% of the neighborhoods in America. In addition, 9.4% 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 51.0% 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 North Ironbound neighborhood, 56.8% of the working population is employed in manufacturing and laborer 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 20.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.8%), and 7.7% 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 North Ironbound neighborhood is Spanish, spoken by 51.2% of households. Other important languages spoken here include Portuguese, English and Polish.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the North Ironbound neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as South American (35.1%). There are also a number of people of Brazilian ancestry (20.9%), and residents who report Portuguese roots (15.4%), and some of the residents are also of Mexican ancestry (9.4%), along with some Italian ancestry residents (2.9%), among others. In addition, 67.7% 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 North Ironbound neighborhood spend between 45 minutes and one hour commuting one-way to work (26.2% of working residents), longer and tougher than most commutes in America.
Here most residents (46.9%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.4%) and 9.8% of residents also take the train for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.
