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Real Estate Prices & Overview

W 4th St / Monroe Ave median real estate price is $589,245, which is more expensive than 49.1% of the neighborhoods in New Jersey and 73.5% of the neighborhoods in the U.S.

The average rental price in W 4th St / Monroe Ave is currently $3,480, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.9% of New Jersey neighborhoods.

W 4th St / Monroe Ave is a densely urban neighborhood (based on population density) located in Plainfield, New Jersey.

W 4th St / Monroe Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W 4th St / Monroe 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 W 4th St / Monroe Ave, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in W 4th St / Monroe Ave is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

With a real estate vacancy rate of only 0.0%, the W 4th St / Monroe Ave neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.

In addition, 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 W 4th St / Monroe 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, 40.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.3% of America's neighborhoods.

Furthermore, 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 W 4th St / Monroe Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

In the W 4th St / Monroe Ave neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 34.7% of commuters carpool here, which is more than in 99.4% of all U.S. neighborhoods.

Diversity

Did you know that the W 4th St / Monroe Ave neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.7% of this neighborhood's residents have Dominican ancestry.

W 4th St / Monroe Ave is also pretty special linguistically. Significantly, 61.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.1% 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 W 4th St / Monroe Ave neighborhood in Plainfield are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.1% of the neighborhoods in America. With 28.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the W 4th St / Monroe Ave neighborhood, 38.1% 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 31.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.4%), and 14.4% in executive, management, and professional occupations.

Languages

The most common language spoken in the W 4th St / Monroe Ave neighborhood is Spanish, spoken by 61.7% of households. Some people also speak English (34.6%).

Ethnicity / Ancestry

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 W 4th St / Monroe Ave neighborhood in Plainfield, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (9.3%). There are also a number of people of Dominican ancestry (8.7%), and residents who report South American roots (5.4%), and some of the residents are also of African ancestry (3.3%), along with some Mexican ancestry residents (2.4%), among others. In addition, 40.5% 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 W 4th St / Monroe Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (32.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.4%) 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 (34.7%) . 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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