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Real Estate Prices & Overview

Seventh Avenue Southeast median real estate price is $343,201, which is less expensive than 79.9% of New Jersey neighborhoods and 51.0% of all U.S. neighborhoods.

The average rental price in Seventh Avenue Southeast is currently $2,756, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.2% of New Jersey neighborhoods.

Seventh Avenue Southeast is a densely urban neighborhood (based on population density) located in Newark, New Jersey.

Seventh Avenue 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 Seventh Avenue Southeast neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.

Seventh Avenue Southeast has a 15.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 78.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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 98.9% of U.S. neighborhoods.

Also, in the Seventh Avenue Southeast neighborhood, 10.8% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 95.3% of the neighborhoods in America.

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 Seventh Avenue Southeast 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 51.2% of the real estate here is made up of such dwellings, which is higher than 98.5% of all U.S. neighborhoods.

In addition, the Seventh Avenue Southeast neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 33,687 persons per square mile in the neighborhood, it is more packed with people than 97.4% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Seventh Avenue Southeast neighborhood is among the top 5% of American neighborhoods in terms of walkability.

People

One of the really interesting characteristics about the Seventh Avenue Southeast neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.2% of college-friendly places to live in the state of New Jersey.

Diversity

Did you know that the Seventh Avenue Southeast neighborhood has more Puerto Rican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 29.5% of this neighborhood's residents have Puerto Rican ancestry and 16.4% have South American ancestry.

Seventh Avenue Southeast is also pretty special linguistically. Significantly, 5.7% 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 98.9% 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 Seventh Avenue Southeast neighborhood in Newark are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.7% of the neighborhoods in America. With 21.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.3% of U.S. neighborhoods.

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 Seventh Avenue Southeast neighborhood, 40.2% 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 23.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.0%), and 15.1% 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 Seventh Avenue Southeast neighborhood is Spanish, spoken by 54.5% of households. Other important languages spoken here include English and African languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Seventh Avenue Southeast neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Puerto Rican (29.5%). There are also a number of people of South American ancestry (16.4%), and residents who report Mexican roots (10.6%), and some of the residents are also of Italian ancestry (5.1%), along with some Sub-Saharan African ancestry residents (4.2%), among others. In addition, 27.6% 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 Seventh Avenue Southeast neighborhood spend between 15 and 30 minutes commuting one-way to work (28.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (44.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (22.0%) and 15.2% 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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