About Hoboken, NJ (Park Ave / 11Th St)


Real Estate Prices and Overview

Park Ave / 11Th St median real estate price is $1,046,837, which is more expensive than 92.6% of the neighborhoods in New Jersey and 93.3% of the neighborhoods in the U.S.

The average rental price in Park Ave / 11Th St is currently $4,744, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.3% of the neighborhoods in New Jersey.

Park Ave / 11Th St is a densely urban neighborhood (based on population density) located in Hoboken, New Jersey.

Park Ave / 11Th St 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 Park Ave / 11Th St neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.

Home and apartment vacancy rates are 7.1% in Park Ave / 11Th St. NeighborhoodScout analysis shows that this rate is lower than 59.8% 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.

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 1.6% of America's neighborhoods are wealthier than the Park Ave / 11Th 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, Park Ave / 11Th St also has one of the lowest ratings of child poverty in the nation.

In addition, the rate of college educated adults in the Park Ave / 11Th St neighborhood is a unique characteristic of the neighborhood. 79.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 32.1% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.2% of all U.S. neighborhoods.

Also, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Park Ave / 11Th St neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 96.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Park Ave / 11Th St neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals and college students.

Notable & Unique: Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 7.3% of the Park Ave / 11Th St neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.9% of America's neighborhoods.

Also, our research revealed that more commuters here take the bus to work (37.2% ride the bus) than 99.6% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Finally, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 19.0% of the Park Ave / 11Th St neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.9% of America's neighborhoods.

Notable & Unique: Occupations

The Park Ave / 11Th St neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.1% of the neighborhoods in America. In fact, 72.8% 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: Real Estate

The real estate in the Park Ave / 11Th St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 80.4% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 97.2% of American neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the Park Ave / 11Th St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.7% of neighborhoods in the U.S., with 22,414 people per square mile living here.

Furthermore, the Park Ave / 11Th St 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 81.8% 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.

Notable & Unique: Diversity

Did you know that the Park Ave / 11Th St neighborhood has more Eastern European and Armenian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Eastern European ancestry and 0.9% have Armenian ancestry.

Park Ave / 11Th St is also pretty special linguistically. Significantly, 6.2% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.3% of the neighborhoods in America.


The Neighbors

The Neighbors: Income

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 Park Ave / 11Th St neighborhood in Hoboken 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 98.4% 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.

The Neighbors: Occupations

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Park Ave / 11Th St neighborhood, 72.8% 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 14.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.3%), and 5.5% in manufacturing and laborer occupations.

The Neighbors: 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 Park Ave / 11Th St neighborhood is English, spoken by 77.0% of households. Other important languages spoken here include Spanish and Chinese.

The Neighbors: 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 Park Ave / 11Th St neighborhood in Hoboken, NJ, residents most commonly identify their ethnicity or ancestry as Italian (20.8%). There are also a number of people of Irish ancestry (18.0%), and residents who report German roots (11.1%), and some of the residents are also of Puerto Rican ancestry (10.1%), along with some Asian ancestry residents (8.2%), among others. In addition, 17.6% 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 Park Ave / 11Th St neighborhood spend between 30 and 45 minutes commuting one-way to work (41.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (37.2%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (25.8%) and 19.0% of residents also take the train for their daily commute. The bus provides a valuable service in the Park Ave / 11Th St neighborhood of Hoboken by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.


Neighborhood Real Estate Data

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

 

Median Home Value:
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Median Real Estate Taxes:
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Neighborhood Home Prices

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Rental Market

 

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GROSS RENTAL YIELD:
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MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

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Setting

 
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Neighborhood Look and Feel

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Housing Market Details

 

AGE OF Hoboken, NJ (Park Ave / 11Th St) HOMES

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TYPE OF Hoboken, NJ (Park Ave / 11Th St) HOMES

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SIZE OF Hoboken, NJ (Park Ave / 11Th St) HOMES

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SIZE OF Hoboken, NJ (Park Ave / 11Th St) HOMES

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homeownership

 
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Neighborhood Demographics Data

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:   2019 (latest available). Updated annually. Please note: Unemployment data updated August 2021.

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

Lifestyle

 
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Special character

 
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Age / Marital Status

 

Gender Ratio

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Military & College Status

 
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Employment Industries in Park Ave / 11Th St

 
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Commute to work

 

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Vehicles Per Household

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Migration & Mobility

 

Race & Ethnic Diversity

 

Diversity Index

(100 is the most diverse)


More diverse than of U.S. neighborhoods.

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Occupations

 

Ancestries & Languages Spoken

 

Ancestry (top 20)

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Languages Spoken (top 20)

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Unemployment Rate

 
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Average Income

 

Per Capita Income

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Median Household Income

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Education

 

Percent with College Degree

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Percent with Advanced Degree

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Income & Education

 
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Neighborhood Crime 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

Neighborhood Crime Data

 

total Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Neighborhood Annual Crimes
  Violent Property Total
Number of Crimes
Crime Rate
(per 1,000 residents)

Neighborhood Violent Crime

violent Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Violent Crime Index By Type

Murder
Index
Rape
Index
Robbery
Index
Assault
Index

100 is safest

100 is safest

100 is safest

100 is safest

Violent Crime Comparison (per 1,000 residents)

20 15 10 5 0
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2.07
National Median: 4
    Park Ave / 11Th St
    Hoboken
    New Jersey

My Chances of Becoming a Victim of a Violent Crime

1 in

in Park Ave / 11Th St

1 in

in Hoboken

1 in 483

in New Jersey

Hoboken VIOLENT CRIMES

Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

United States VIOLENT CRIMES

Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

Neighborhood Property Crime

property Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Property Crime Index By Type
Burglary
Index
Theft
Index
Motor Vehicle
Theft

100 is safest

100 is safest

100 is safest

Property Crime Comparison (per 1,000 residents)

100 75 50 25 0
LOCKED
LOCKED
13.36
National Median: 21
    Park Ave / 11Th St
    Hoboken
    New Jersey

My Chances of Becoming a Victim of a Property Crime

1 in

in Park Ave / 11Th St

1 in

in Hoboken

1 in 75

in New Jersey

Hoboken Property CRIMES

Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

United States Property CRIMES

Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

Crimes Per Square Mile

200 150 100 50 0
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56
National Median: 28.3
    Park Ave / 11Th St
    Hoboken
    New Jersey

Neighborhood Public School Data

Analytics built by:   Location, Inc.

Raw data sources:
  • Test Scores: Edfacts (U.S. Department of Education), State departments of education.
  • Expenditures: National Center for Education Statistics.
  • Educational Environment: American Community Survey (U.S. Census Bureau).
Date(s) & Update Frequency:
  • Due to Covid-19, standardized testing did not take place during the 2019-2020 academic school year. Test data: Reflects 2018 – 2019 school year.
  • Expenditures: 2018
  • Educational Environment: 2019 (latest available). Updated annually.
  • All data updated June 2021

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

School Rating Information

 

School Quality

(100 is best)

Better than of U.S. schools.

Neighborhood School Quality Rating

Rates the quality of all K-12 public schools that your children would be exposed to if you lived in this neighborhood. Info

There are no schools physically located in this neighborhood.

Neighborhood Educational Environment

Adults In Neighborhood With College Degree Or Higher
Children In The Neighborhood Living In Poverty

This neighborhood is served by 1 district:

HOBOKEN PUBLIC SCHOOL DISTRICT


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to New Jersey

(10 is best)

Better than of NJ school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

Schools In This District

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
Student
Staff
General Administration
School Administration
Operation
Transportation
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Total Support
Non-instructional Expenditures
Total Expenditures

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