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Real Estate Prices & Overview

8th Ave / E 17th St median real estate price is $494,515, which is less expensive than 68.1% of New Jersey neighborhoods and 35.6% of all U.S. neighborhoods.

The average rental price in 8th Ave / E 17th St is currently $3,167, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.3% of New Jersey neighborhoods.

8th Ave / E 17th St is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.

8th Ave / E 17th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the 8th Ave / E 17th St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 6.4% in 8th Ave / E 17th St. NeighborhoodScout analysis shows that this rate is lower than 55.8% 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 Paterson, the 8th Ave / E 17th St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

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 8th Ave / E 17th 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, 70.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.8% of America's neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the 8th Ave / E 17th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.6% of neighborhoods in the U.S., with 27,992 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 8th Ave / E 17th St neighborhood is one of the most walkable neighborhoods in America.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 56.7% of the residential real estate in the 8th Ave / E 17th St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 95.8% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

Our research shows that more people carpool to work here in the 8th Ave / E 17th St (26.6%) than in 97.7% of the neighborhoods in America.

Occupations

More people work in manufacturing and as laborers here in the 8th Ave / E 17th St neighborhood than in 96.7% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Length of Commute

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 8th Ave / E 17th St neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.1% 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 95.7% of all neighborhoods in America.

Diversity

Did you know that the 8th Ave / E 17th St neighborhood has more Dominican and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.9% of this neighborhood's residents have Dominican ancestry and 15.0% have Jamaican ancestry.

8th Ave / E 17th St is also pretty special linguistically. Significantly, 59.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.7% of all U.S. neighborhoods.

Migration / Stability

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 8th Ave / E 17th St neighborhood has a greater percentage of residents born in another country (45.2%) than are found in 96.1% of all U.S. neighborhoods.

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 8th Ave / E 17th St neighborhood in Paterson are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 53.0% of the neighborhoods in America. In addition, 6.8% 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 58.5% 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 8th Ave / E 17th St neighborhood, 43.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.3%), and 10.6% in executive, management, and professional occupations.

Languages

The most common language spoken in the 8th Ave / E 17th St neighborhood is Spanish, spoken by 59.4% of households. Some people also speak English (37.8%).

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 8th Ave / E 17th St neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (32.9%). There are also a number of people of South American ancestry (18.8%), and residents who report Jamaican roots (15.0%), and some of the residents are also of Puerto Rican ancestry (2.9%). In addition, 45.2% of the residents of this neighborhood were born in another country.

Getting to Work

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 8th Ave / E 17th St neighborhood spend between 15 and 30 minutes commuting one-way to work (38.5% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (10.1%) who commute over an hour in each direction.

Here most residents (62.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (26.6%) . 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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