Lafayette median real estate price is $601,562, which is more expensive than 55.5% of the neighborhoods in New Jersey and 74.7% of the neighborhoods in the U.S.
The average rental price in Lafayette is currently $3,332, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.7% of New Jersey neighborhoods.
Lafayette is a densely urban neighborhood (based on population density) located in Jersey City, New Jersey.
Lafayette real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Lafayette neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Home and apartment vacancy rates are 9.3% in Lafayette. NeighborhoodScout analysis shows that this rate is lower than 41.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Real Estate
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 Lafayette 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 60.9% of the real estate here is made up of such dwellings, which is higher than 99.3% of all U.S. neighborhoods.
In addition, if you like crowded places, then you will probably enjoy the the Lafayette neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.8% of neighborhoods in the U.S., with 29,245 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 Lafayette neighborhood is one of the most walkable neighborhoods in America.
People
Single parenting is hard. But you don't have to tell the Lafayette neighborhood about it; they already know. 26.1% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 27.2% of the Lafayette neighborhood's commuters ride the train to and from work each day, which is more than we found in 97.9% of America's neighborhoods.
Also, more people in Lafayette choose to walk to work each day (12.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Car Ownership
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Lafayette neighborhood have a highly unusual car ownership. 21.0% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.5% of U.S. neighborhoods.
Diversity
Did you know that the Lafayette neighborhood has more Arab and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 15.0% of this neighborhood's residents have Arab ancestry and 25.1% have Sub-Saharan African ancestry.
Lafayette is also pretty special linguistically. Significantly, 17.8% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
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 Lafayette neighborhood in Jersey City are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 67.3% of U.S. neighborhoods. With 23.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 73.3% of U.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 Lafayette neighborhood, 38.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.3%), and 16.5% 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 Lafayette neighborhood is English, spoken by 49.6% of households. Other important languages spoken here include Spanish, Arabic, German/Yiddish and African languages.
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 Lafayette neighborhood in Jersey City, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (25.1%). There are also a number of people of Arab ancestry (15.0%), and residents who report Dominican roots (13.2%), and some of the residents are also of Haitian ancestry (6.5%), along with some Puerto Rican ancestry residents (6.0%), among others. In addition, 24.6% 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 Lafayette neighborhood spend between 15 and 30 minutes commuting one-way to work (36.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (48.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (27.2%) and 12.3% of residents also hop out the door and walk to work 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.
