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Real Estate Prices & Overview

Downtown Passaic Southeast median real estate price is $522,278, which is more expensive than 37.3% of the neighborhoods in New Jersey and 67.8% of the neighborhoods in the U.S.

The average rental price in Downtown Passaic Southeast is currently $2,793, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.1% of New Jersey neighborhoods.

Downtown Passaic Southeast is a densely urban neighborhood (based on population density) located in Passaic, New Jersey.

Downtown Passaic Southeast 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 Downtown Passaic Southeast 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 1940 and 1969.

In Downtown Passaic Southeast, the current vacancy rate is 1.4%, which is a lower rate of vacancies than 88.6% of all neighborhoods in the U.S. This means that the housing supply in Downtown Passaic Southeast is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

If you like crowded places, then you will probably enjoy the the Downtown Passaic Southeast neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.7% of neighborhoods in the U.S., with 28,365 people per square mile living here. 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 Downtown Passaic Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, renter-occupied real estate is dominant in the Downtown Passaic Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 97.1%, which is higher than 98.5% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Furthermore, the Downtown Passaic Southeast 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 90.4% 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.

Also of note, the real estate in the Downtown Passaic Southeast 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, 78.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.4% of American neighborhoods.

Finally, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Downtown Passaic Southeast neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 55.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.5% of the neighborhoods in the United States.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (11.8% ride the bus) than 96.4% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Downtown Passaic Southeast neighborhood buck this trend. 25.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.3% of U.S. neighborhoods.

Diversity

Did you know that the Downtown Passaic Southeast neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.8% of this neighborhood's residents have Dominican ancestry and 8.3% have South American ancestry.

Downtown Passaic Southeast is also pretty special linguistically. Significantly, 7.8% 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 98.7% 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 Downtown Passaic Southeast neighborhood. What is interesting to note, is that the Downtown Passaic Southeast neighborhood has a greater percentage of residents born in another country (61.3%) than are found in 99.2% of all U.S. neighborhoods.

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 Downtown Passaic Southeast neighborhood in Passaic are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 93.8% of U.S. neighborhoods. With 25.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.7% 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 Downtown Passaic Southeast neighborhood, 36.2% 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 23.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.7%), and 18.3% 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 Downtown Passaic Southeast neighborhood is Spanish, spoken by 63.0% of households. Other important languages spoken here include English and Langs. of India.

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 Downtown Passaic Southeast neighborhood in Passaic, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (30.8%). There are also a number of people of Asian ancestry (24.1%), and residents who report Mexican roots (17.2%), and some of the residents are also of Puerto Rican ancestry (9.9%), along with some South American ancestry residents (8.3%), among others. In addition, 61.3% of the residents of this neighborhood were born in another country.

Getting to Work

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 Downtown Passaic Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (53.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.2%) 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 (16.6%) and 11.8% of residents also ride the bus 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.

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