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Real Estate Prices & Overview

South Broad Street West median real estate price is $286,794, which is less expensive than 87.6% of New Jersey neighborhoods and 60.5% of all U.S. neighborhoods.

The average rental price in South Broad Street West is currently $1,655, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 97.1% of New Jersey neighborhoods.

South Broad Street West is a densely urban neighborhood (based on population density) located in Newark, New Jersey.

South Broad Street West 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 townhomes. Most of the residential real estate is renter occupied. Many of the residences in the South Broad Street West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 8.4% in South Broad Street West. NeighborhoodScout analysis shows that this rate is lower than 45.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 99.5% 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 South Broad Street West neighborhood has a highly unusual pattern of car ownership. 43.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.4% of U.S. neighborhoods.

People

One of the most interesting things about the South Broad Street West neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 57.2% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.3% of the neighborhoods in America.

In addition, the South Broad Street West neighborhood stands out for having an average per capita income lower than 96.6% of the neighborhoods in the United States.

Real Estate

Renter-occupied real estate is dominant in the South Broad Street West neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 89.0%, which is higher than 96.5% 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, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the South Broad Street West neighborhood could be your paradise. With 23.7% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.9% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Diversity

Did you know that the South Broad Street West neighborhood has more Brazilian and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Brazilian ancestry and 8.8% have Jamaican ancestry.

South Broad Street West is also pretty special linguistically. Significantly, 5.4% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods in America.

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 South Broad Street West neighborhood in Newark are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 96.6% of U.S. neighborhoods. With 29.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.0% 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 South Broad Street West neighborhood, 35.7% 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 32.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.9%), and 10.3% in executive, management, and professional 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 South Broad Street West neighborhood is English, spoken by 62.3% of households. Other important languages spoken here include Spanish and African languages.

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 South Broad Street West neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (15.5%). There are also a number of people of African ancestry (9.4%), and residents who report Dominican roots (8.8%), and some of the residents are also of Jamaican ancestry (8.8%), along with some Puerto Rican ancestry residents (8.6%), among others. In addition, 13.4% 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 South Broad Street West neighborhood spend between 15 and 30 minutes commuting one-way to work (26.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (35.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (26.8%) and 14.8% 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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