Oliver St / Jefferson St median real estate price is $750,762, which is more expensive than 68.3% of the neighborhoods in New Jersey and 81.5% of the neighborhoods in the U.S.
The average rental price in Oliver St / Jefferson St is currently $3,267, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.5% of New Jersey neighborhoods.
Oliver St / Jefferson St is a densely urban neighborhood (based on population density) located in Newark, New Jersey.
Oliver St / Jefferson St 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 Oliver St / Jefferson St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In Oliver St / Jefferson St, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 92.9% of all neighborhoods in the U.S. This means that the housing supply in Oliver St / Jefferson St is very tight compared to the demand for property here.
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 Newark, the Oliver St / Jefferson St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In the Oliver St / Jefferson St neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 37.1% of commuters carpool here, which is more than in 99.6% of all 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 Oliver St / Jefferson St 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, 67.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.6% of America's neighborhoods.
In addition, the Oliver St / Jefferson St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 33,230 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods.
More people work in manufacturing and as laborers here in the Oliver St / Jefferson St neighborhood than in 99.5% 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 Oliver St / Jefferson St neighborhood has a highly unusual pattern of car ownership. 25.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.4% of U.S. neighborhoods.
Did you know that the Oliver St / Jefferson St neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.7% of this neighborhood's residents have Brazilian ancestry and 29.9% have South American ancestry.
Oliver St / Jefferson St is also pretty special linguistically. Significantly, 28.8% 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 Oliver St / Jefferson St neighborhood has a greater percentage of residents born in another country (66.3%) than are found in 99.6% 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 Oliver St / Jefferson St neighborhood in Newark are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.7% of U.S. neighborhoods. With 49.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.8% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Oliver St / Jefferson St neighborhood, 54.5% 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 24.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.2%), and 7.2% in executive, management, and professional occupations.
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 Oliver St / Jefferson St neighborhood is Spanish, spoken by 41.3% of households. Other important languages spoken here include Portuguese and English.
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 Oliver St / Jefferson St neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Brazilian (32.7%). There are also a number of people of South American ancestry (29.9%), and residents who report Portuguese roots (11.3%), and some of the residents are also of Italian ancestry (4.1%), along with some Spanish ancestry residents (3.4%), among others. In addition, 66.3% 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 Oliver St / Jefferson St neighborhood spend between 30 and 45 minutes commuting one-way to work (32.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (40.4%) 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 (37.1%) and 7.3% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.