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Real Estate Prices & Overview

E 27th St / 17th Ave median real estate price is $473,040, which is less expensive than 69.7% of New Jersey neighborhoods and 38.5% of all U.S. neighborhoods.

The average rental price in E 27th St / 17th Ave is currently $3,264, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.1% of New Jersey neighborhoods.

E 27th St / 17th Ave is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.

E 27th St / 17th Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the E 27th St / 17th Ave 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 E 27th St / 17th Ave, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 84.9% of all neighborhoods in the U.S. This means that the housing supply in E 27th St / 17th Ave 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

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 E 27th St / 17th Ave 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, 71.3% 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, if you like crowded places, then you will probably enjoy the the E 27th St / 17th Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,769 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 E 27th St / 17th Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, 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 E 27th St / 17th Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 58.5% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.3% of the neighborhoods in the United States.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 95.7% of U.S. neighborhoods.

Car Ownership

Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the E 27th St / 17th Ave neighborhood have a highly unusual car ownership. 20.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.3% of U.S. neighborhoods.

Diversity

Did you know that the E 27th St / 17th Ave neighborhood has more Dominican and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 37.6% of this neighborhood's residents have Dominican ancestry and 15.9% have Jamaican ancestry.

E 27th St / 17th Ave is also pretty special linguistically. Significantly, 58.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.3% of all U.S. neighborhoods.

Migration / Stability

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 E 27th St / 17th Ave neighborhood has a greater percentage of residents born in another country (48.8%) than are found in 97.1% of all U.S. neighborhoods.

The Neighbors

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 E 27th St / 17th Ave neighborhood in Paterson are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 42.1% of the neighborhoods in America. With 22.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.0% 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 E 27th St / 17th Ave neighborhood, 38.5% 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 27.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.5%), and 16.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the E 27th St / 17th Ave neighborhood is Spanish, spoken by 58.0% of households. Some people also speak English (41.3%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the E 27th St / 17th Ave neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (37.6%). There are also a number of people of Jamaican ancestry (15.9%), and residents who report Puerto Rican roots (10.2%), and some of the residents are also of South American ancestry (8.4%), along with some Mexican ancestry residents (4.1%), among others. In addition, 48.8% 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 E 27th St / 17th Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (46.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (56.5%) 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 (17.1%) and 10.6% 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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