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Real Estate Prices & Overview

Monastery Pl / New York Ave median real estate price is $1,038,497, which is more expensive than 88.9% of the neighborhoods in New Jersey and 91.0% of the neighborhoods in the U.S.

The average rental price in Monastery Pl / New York Ave is currently $2,682, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.4% of New Jersey neighborhoods.

Monastery Pl / New York Ave is a densely urban neighborhood (based on population density) located in Union City, New Jersey.

Monastery Pl / New York Ave 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 Monastery Pl / New York 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.

Home and apartment vacancy rates are 8.8% in Monastery Pl / New York Ave. NeighborhoodScout analysis shows that this rate is lower than 42.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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 Union City, the Monastery Pl / New York Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.4% of U.S. neighborhoods.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.3% of residents in the Monastery Pl / New York Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Finally, more people in Monastery Pl / New York Ave choose to walk to work each day (12.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 66,605 people per square mile, it is more densely populated than 99.1% of America's neighborhoods. 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 Monastery Pl / New York Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, 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 Monastery Pl / New York 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 34.2% of the real estate here is made up of such dwellings, which is higher than 95.9% of all U.S. neighborhoods.

Furthermore, renter-occupied real estate is dominant in the Monastery Pl / New York Ave neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.1%, which is higher than 95.4% 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.

Occupations

There are more people living in the Monastery Pl / New York Ave neighborhood employed as sales and service workers (54.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

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 Monastery Pl / New York Ave neighborhood have a highly unusual car ownership. 20.5% 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.

People

With a nice mix of college students, safety from crime, and decent walkability, the Monastery Pl / New York Ave neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.1% of the neighborhoods in NJ. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Monastery Pl / New York Ave neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.6% of this neighborhood's residents have South American ancestry and 20.6% have Dominican ancestry.

Monastery Pl / New York Ave is also pretty special linguistically. Significantly, 76.2% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 98.3% 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 Monastery Pl / New York Ave neighborhood. What is interesting to note, is that the Monastery Pl / New York Ave neighborhood has a greater percentage of residents born in another country (55.3%) than are found in 98.6% 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 Monastery Pl / New York Ave neighborhood in Union City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.1% of U.S. neighborhoods. With 22.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.6% 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 Monastery Pl / New York Ave neighborhood, 45.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (18.2%), and 10.2% in executive, management, and professional occupations.

Languages

The most common language spoken in the Monastery Pl / New York Ave neighborhood is Spanish, spoken by 76.2% of households. Some people also speak English (16.2%).

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 Monastery Pl / New York Ave neighborhood in Union City, NJ, residents most commonly identify their ethnicity or ancestry as South American (23.6%). There are also a number of people of Dominican ancestry (20.6%), and residents who report Puerto Rican roots (11.8%), and some of the residents are also of Mexican ancestry (7.5%), along with some Asian ancestry residents (6.5%), among others. In addition, 55.3% 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 Monastery Pl / New York Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (34.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (40.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (25.3%) and 12.8% of residents also carpool with coworkers, friends, or neighbors 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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