Grand St / Luis Munoz Marin Blvd median real estate price is $807,199, which is more expensive than 94.3% of the neighborhoods in New Jersey and 93.8% of the neighborhoods in the U.S.
The average rental price in Grand St / Luis Munoz Marin Blvd is currently $4,000, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.1% of the neighborhoods in New Jersey.
Grand St / Luis Munoz Marin Blvd is a suburban neighborhood (based on population density) located in Jersey City, New Jersey.
Grand St / Luis Munoz Marin Blvd 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 occupied by a mixture of owners and renters. Many of the residences in the Grand St / Luis Munoz Marin Blvd neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Grand St / Luis Munoz Marin Blvd has a 16.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.9% 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 Jersey City, the Grand St / Luis Munoz Marin Blvd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Grand St / Luis Munoz Marin Blvd neighborhood is wealthier than 98.3% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, Grand St / Luis Munoz Marin Blvd also has one of the lowest ratings of child poverty in the nation.
In addition, the rate of college educated adults in the Grand St / Luis Munoz Marin Blvd neighborhood is a unique characteristic of the neighborhood. 92.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 22.6% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.9% of all U.S. neighborhoods.
Also, grand St / Luis Munoz Marin Blvd has the amazing distinction of housing more same sex couples living together than 98.1% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.
Finally, the Grand St / Luis Munoz Marin Blvd neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.7% of New Jersey neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for young, single professionals and urban sophisticates.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the Grand St / Luis Munoz Marin Blvd neighborhood. A whopping 95.8% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 99.9% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In addition, the Grand St / Luis Munoz Marin Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, one of the really unique and interesting things about the look and setting of the Grand St / Luis Munoz Marin Blvd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.8% of all neighborhoods in America.
The Grand St / Luis Munoz Marin Blvd neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 99.8% of the neighborhoods in America. In fact, 83.3% 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.
In the Grand St / Luis Munoz Marin Blvd neighborhood, 63.2% of people ride the train 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 train ridership than in 99.4% of the neighborhoods in America.
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 Grand St / Luis Munoz Marin Blvd neighborhood has a highly unusual pattern of car ownership. 24.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.0% of U.S. neighborhoods.
Did you know that the Grand St / Luis Munoz Marin Blvd neighborhood has more Austrian and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Austrian ancestry and 2.9% have Lebanese ancestry.
Grand St / Luis Munoz Marin Blvd is also pretty special linguistically. Significantly, 12.2% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.5% of the neighborhoods in America.
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. In the Grand St / Luis Munoz Marin Blvd neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
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 Grand St / Luis Munoz Marin Blvd neighborhood in Jersey City are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 98.3% of the neighborhoods in America. 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.
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 Grand St / Luis Munoz Marin Blvd neighborhood, 83.3% of the working population is employed in executive, management, and professional 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 8.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.6%), and 3.2% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Grand St / Luis Munoz Marin Blvd neighborhood is English, spoken by 60.2% of households. Other important languages spoken here include Langs. of India, Chinese and Spanish.
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 Grand St / Luis Munoz Marin Blvd neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Asian (37.9%). There are also a number of people of Italian ancestry (13.3%), and residents who report Irish roots (8.0%), and some of the residents are also of German ancestry (6.1%), along with some Polish ancestry residents (4.2%), among others. In addition, 39.8% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Grand St / Luis Munoz Marin Blvd neighborhood spend between 30 and 45 minutes commuting one-way to work (39.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (63.2%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (16.6%) and 9.9% of residents also hop out the door and walk to work for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2018 (latest available). Updated annually. Please note: Unemployment data updated November 2020.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2019 calendar year; released from FBI in Sept. 2020 (latest available). Updated annually. Where is 2020 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data
There are no schools physically located in this neighborhood.
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Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
|Time Period||Total Appreciation||Avg. Annual Rate||
3 Year Forecast:
2020 Q4 - 2023 Q4
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|