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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

Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the E 27th St / 17th Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 71.3% of the real estate here is made up of such dwellings, which is higher than 99.8% of all U.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

Our research revealed that more commuters here take the bus to work (10.6% ride the bus) than 95.7% 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 E 27th St / 17th Ave neighborhood buck this trend. 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

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 E 27th St / 17th Ave neighborhood. 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

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 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

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 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

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 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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