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.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 4.3% of America's neighborhoods are wealthier than the
Hudson St / 5th St neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
Hudson St / 5th St also has one of the lowest ratings of child
poverty in the nation.
In addition, one of the really interesting characteristics about the
Hudson St / 5th St neighborhood is that, according to NeighborhoodScout's
exclusive research, it is an excellent choice in which to reside for
college students. Due to its popularity among college students who
already choose to live here, its walkability, and its above average
safety from crime, the neighborhood is ideal for prospective or
already-enrolled college students. Between semesters and during
school breaks, you'll notice that the excitement here fluctuates with
the college seasons. Despite the excitement however, parents of college-age
children can rest easy knowing that this
neighborhood has an above average safety rating. For each of these
reasons, the neighborhood is rated among the
top 0.4% of college-friendly places to live in
the state of New Jersey.
In addition to being an excellent choice for college students, this
neighborhood is also a very good choice for young, single professionals, urban sophisticates and highly educated executives.
Also, an extraordinary 47.0% of the residents of the
Hudson St / 5th St neighborhood are currently enrolled in college. This is
such a large part of life in this neighborhood that the neighborhood changes
a great deal with the change of semesters and is far quieter during
the summer when many students are away.
Notable & Unique: Modes of Transportation
In the Hudson St / 5th St neighborhood, 4.0% of people ride
a ferry to work each day. This is a very high percentage compared to most places.
In fact, NeighborhoodScout's analysis reveals that this is a higher level of ferry
ridership than in 99.8% of the neighborhoods in America.
Also, if you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 43.8% of the
Hudson St / 5th St neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.4% of America's
Finally, in the Hudson St / 5th St neighborhood, many people's commute means
walking from the bedroom to the home office. NeighborhoodScout's analysis
found that 11.5% of residents worked from home. This may not
seem like a large number, but Scout's research shows that this is a higher
percentage of people working from home than 95.7% of the
neighborhoods in America. Often people who work from home are engaged in
the creative or technological economy, such as is found in areas around Boston,
and in Silicon Valley. Other times, people may be engaged in other businesses
like trading stocks from home, or running a small beauty salon.
Notable & Unique: Real Estate
If you like crowded places, then you will probably enjoy the Hudson St / 5th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.5% of neighborhoods in the U.S., with 25,972 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Hudson St / 5th St neighborhood is one of the most walkable neighborhoods in America.
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 Hudson St / 5th St 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, 48.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.8% of America's neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Hudson St / 5th St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 85.7%, which is higher than 95.9% 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.
Also of note, 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 Hudson St / 5th St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 74.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.6% of the neighborhoods in the United States.
Notable & Unique: Occupations
The Hudson St / 5th St neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.0% of the neighborhoods in American. In fact, 70.1%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.
Notable & Unique: 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 Hudson St / 5th St neighborhood have a highly unusual car ownership.
39.9% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
97.9% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Hudson St / 5th St neighborhood has more
Portuguese and Greek ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 2.7% of
this neighborhood's residents have Portuguese ancestry and 2.3% have Greek ancestry.
Hudson St / 5th St is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 98.5% of the neighborhoods in America.