Ironbound Southeast median real estate price is $690,989, which is more expensive than 68.6% of the neighborhoods in New Jersey and 80.0% of the neighborhoods in the U.S.
The average rental price in Ironbound Southeast is currently $3,155, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.9% of New Jersey neighborhoods.
Ironbound Southeast is a suburban neighborhood (based on population density) located in Newark, New Jersey. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Ironbound Southeast 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 Ironbound Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Ironbound Southeast are 3.5%, which is lower than one will find in 76.8% of American neighborhoods. Demand for real estate in Ironbound Southeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 Ironbound Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Real Estate
Ironbound Southeast is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, Ironbound Southeast is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, 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 Ironbound Southeast 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, 78.9% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.9% of America's neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Ironbound Southeast neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 87.1%, which is higher than 96.0% 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.
People
An interesting characteristic about the Ironbound Southeast neighborhood is that there are more incarcerated people living here than 99.6% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
Modes of Transportation
Our research shows that more people carpool to work here in the Ironbound Southeast (27.6%) than in 98.2% of the neighborhoods in America.
Occupations
NeighborhoodScout's exclusive research identifies the Ironbound Southeast 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 46.5% of its working residents employed in such fields, which is a higher proportion than 97.9% of American neighborhoods.
Furthermore, it used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Ironbound Southeast neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.0% of the workforce so employed, this neighborhood has a greater concentration of such workers than 95.7% of U.S. neighborhoods.
Diversity
Did you know that the Ironbound Southeast neighborhood has more Brazilian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.2% of this neighborhood's residents have Brazilian ancestry and 7.8% have Portuguese ancestry.
Ironbound Southeast is also pretty special linguistically. Significantly, 24.2% 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.
Migration / Stability
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Ironbound Southeast neighborhood. What is interesting to note, is that the Ironbound Southeast neighborhood has a greater percentage of residents born in another country (46.5%) than are found in 96.6% 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 Ironbound Southeast neighborhood in Newark are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 64.8% of U.S. neighborhoods. With 13.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.5% 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 Ironbound Southeast neighborhood, 46.5% 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 31.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (13.2%), and 5.0% 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 Ironbound Southeast neighborhood is English, spoken by 47.3% of households. Other important languages spoken here include Spanish and Portuguese.
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 Ironbound Southeast neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Brazilian (17.2%). There are also a number of people of South American ancestry (11.9%), and residents who report Portuguese roots (7.8%), and some of the residents are also of Sub-Saharan African ancestry (6.2%), along with some Asian ancestry residents (2.3%), among others. In addition, 46.5% of the residents of this neighborhood were born in another country.
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 Ironbound Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (33.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (55.4%) 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 (27.6%) and 8.3% of residents also take the train 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.
