Riverside Southeast median real estate price is $260,421, which is less expensive than 93.9% of New Jersey neighborhoods and 69.9% of all U.S. neighborhoods.
The average rental price in Riverside Southeast is currently $2,348, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.3% of New Jersey neighborhoods.
Riverside Southeast is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.
Riverside Southeast real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Riverside Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Riverside Southeast has a 10.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
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 Paterson, the Riverside Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Riverside Southeast neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Riverside Southeast community truly stands out from the rest in this regard.
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 Riverside Southeast 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, 57.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.1% of America's neighborhoods.
In addition, 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 Riverside Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Did you know that the Riverside Southeast neighborhood has more Dominican 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 Dominican ancestry and 11.8% have South American ancestry.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Riverside Southeast neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.9% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.
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 Riverside Southeast neighborhood in Paterson are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.7% of U.S. neighborhoods. In addition, 0.0% 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 100.0% 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 Riverside Southeast neighborhood, 28.6% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (22.7%), and 21.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Riverside Southeast neighborhood is English, spoken by 54.3% of households. Some people also speak Spanish (45.1%).
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 Riverside Southeast neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (32.7%). There are also a number of people of South American ancestry (11.8%), and residents who report Puerto Rican roots (10.7%), and some of the residents are also of Spanish ancestry (7.4%), along with some Jamaican ancestry residents (3.8%), among others. In addition, 38.7% of the residents of this neighborhood were born in another country.
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 Riverside Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (49.9% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (74.8%) 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%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.