North Ironbound median real estate price is $794,204, which is more expensive than 73.8% of the neighborhoods in New Jersey and 83.7% of the neighborhoods in the U.S.
The average rental price in North Ironbound is currently $2,915, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.8% of New Jersey neighborhoods.
North Ironbound is a densely urban neighborhood (based on population density) located in Newark, New Jersey.
North Ironbound real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the North Ironbound neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
In North Ironbound, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.5% of all neighborhoods in the U.S. This means that the housing supply in North Ironbound is very tight compared to the demand for property here.
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 Newark, the North Ironbound neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
In the North Ironbound neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 45.0% of commuters carpool here, which is more than in 99.9% of all U.S. neighborhoods.
Also, in the North Ironbound neighborhood, 12.2% 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 96.0% of the neighborhoods in America.
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 North Ironbound 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 71.5% of the real estate here is made up of such dwellings, which is higher than 99.8% of all U.S. neighborhoods.
In addition, the North Ironbound neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 34,655 persons per square mile in the neighborhood, it is more packed with people than 97.5% of the nation'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 North Ironbound neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, 89.1% of the real estate in the North Ironbound neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
NeighborhoodScout's exclusive research identifies the North Ironbound neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 54.7% of its working residents employed in such fields, which is a higher proportion than 99.5% of American neighborhoods.
American households most often have a car, and regularly they have two or three. But households in the North Ironbound neighborhood buck this trend. 51.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.8% of U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the North Ironbound neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.4% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.0% of all neighborhoods in America.
Did you know that the North Ironbound neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 21.3% of this neighborhood's residents have Brazilian ancestry and 38.0% have South American ancestry.
North Ironbound is also pretty special linguistically. Significantly, 35.0% 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 100.0% of the neighborhoods in America.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. What is interesting to note, is that the North Ironbound neighborhood has a greater percentage of residents born in another country (68.0%) than are found in 99.7% of all U.S. neighborhoods.
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 North Ironbound neighborhood in Newark are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.6% of the neighborhoods in America. With 16.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.3% 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 North Ironbound neighborhood, 54.7% 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 22.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.6%), and 8.9% in clerical, assistant, and tech support occupations.
Languages
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 North Ironbound neighborhood is Spanish, spoken by 51.3% of households. Other important languages spoken here include Portuguese, English and Polish.
Ethnicity / Ancestry
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 North Ironbound neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as South American (38.0%). There are also a number of people of Brazilian ancestry (21.3%), and residents who report Portuguese roots (14.4%), and some of the residents are also of Mexican ancestry (7.7%), along with some Spanish ancestry residents (3.3%), among others. In addition, 68.0% 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 North Ironbound neighborhood spend between 30 and 45 minutes commuting one-way to work (29.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods. However, there is also a significant group of residents (13.4%) who commute over an hour in each direction.
Here most residents (45.0%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.1%) and 12.2% of residents also take the train for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.
