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Real Estate Prices & Overview

Hackensack Southeast median real estate price is $514,041, which is more expensive than 49.6% of the neighborhoods in New Jersey and 69.1% of the neighborhoods in the U.S.

The average rental price in Hackensack Southeast is currently $2,035, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.0% of New Jersey neighborhoods.

Hackensack Southeast is a densely urban neighborhood (based on population density) located in Hackensack, New Jersey.

Hackensack Southeast 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 Hackensack Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 9.2% in Hackensack Southeast. NeighborhoodScout analysis shows that this rate is lower than 42.2% 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 Hackensack, the Hackensack Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 13.8% of the people in the Hackensack Southeast neighborhood currently reside in a correction facility, held due to punishment for a crime.

Modes of Transportation

In the Hackensack Southeast neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 23.7% of residents here. This is a higher proportion of walking commuters than we found in 98.6% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, more people ride the bus in this neighborhood each day to get to work than 97.2% of U.S. neighborhoods.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Hackensack Southeast neighborhood has a highly unusual pattern of car ownership. 28.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.0% of U.S. neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Hackensack Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 86.1%, which is higher than 95.7% 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.

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 Hackensack Southeast 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 31.0% of the real estate here is made up of such dwellings, which is higher than 95.0% of all U.S. neighborhoods.

Occupations

There are more people living in the Hackensack Southeast neighborhood employed as sales and service workers (61.3%) 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.

Diversity

Did you know that the Hackensack Southeast neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.6% of this neighborhood's residents have South American ancestry and 26.0% have Dominican ancestry.

Hackensack Southeast is also pretty special linguistically. Significantly, 58.2% 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 Hackensack Southeast neighborhood has a greater percentage of residents born in another country (45.8%) than are found in 96.4% 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 Hackensack Southeast neighborhood in Hackensack are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 71.5% of U.S. neighborhoods. With 49.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.9% of U.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 Hackensack Southeast neighborhood, 38.7% 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 30.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.7%), and 15.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Hackensack Southeast neighborhood is Spanish, spoken by 58.2% of households. Some people also speak English (39.0%).

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 Hackensack Southeast neighborhood in Hackensack, NJ, residents most commonly identify their ethnicity or ancestry as South American (32.6%). There are also a number of people of Dominican ancestry (26.0%), and residents who report Italian roots (8.8%), and some of the residents are also of Puerto Rican ancestry (6.6%), along with some Polish ancestry residents (2.2%), among others. In addition, 45.8% 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 Hackensack Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (42.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (39.1%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (23.7%) and 15.5% 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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