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Real Estate Prices & Overview

1st Ave / Roseville Ave median real estate price is $220,330, which is less expensive than 91.4% of New Jersey neighborhoods and 73.2% of all U.S. neighborhoods.

The average rental price in 1st Ave / Roseville Ave is currently $2,353, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.1% of New Jersey neighborhoods.

1st Ave / Roseville Ave is a densely urban neighborhood (based on population density) located in Newark, New Jersey.

1st Ave / Roseville Ave 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 1st Ave / Roseville Ave 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.

In 1st Ave / Roseville Ave, the current vacancy rate is 2.8%, which is a lower rate of vacancies than 81.7% of all neighborhoods in the U.S. This means that the housing supply in 1st Ave / Roseville Ave is very tight compared to the demand for property here.

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 Newark, the 1st Ave / Roseville Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the 1st Ave / Roseville Ave neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 40.5% of commuters carpool here, which is more than in 99.8% of all U.S. neighborhoods.

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 1st Ave / Roseville Ave 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, 57.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.0% of America's neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the 1st Ave / Roseville Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.9% of neighborhoods in the U.S., with 24,150 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 1st Ave / Roseville Ave neighborhood is one of the most walkable neighborhoods in America.

Occupations

There are more people living in the 1st Ave / Roseville Ave neighborhood employed as sales and service workers (59.1%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

People

The 1st Ave / Roseville Ave neighborhood has a greater percentage of children living in poverty (53.4%) than found in 95.2% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Diversity

Did you know that the 1st Ave / Roseville Ave neighborhood has more South American and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 42.1% of this neighborhood's residents have South American ancestry and 21.8% have Puerto Rican ancestry.

1st Ave / Roseville Ave is also pretty special linguistically. Significantly, 6.3% 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 99.5% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the 1st Ave / Roseville Ave neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.0% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

The Neighbors

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 1st Ave / Roseville Ave neighborhood in Newark are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.0% of U.S. neighborhoods. With 53.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.2% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the 1st Ave / Roseville Ave neighborhood, 40.9% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 38.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.2%), and 2.7% 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 1st Ave / Roseville Ave neighborhood is Spanish, spoken by 65.1% of households. Other important languages spoken here include English and Portuguese.

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 1st Ave / Roseville Ave neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as South American (42.1%). There are also a number of people of Puerto Rican ancestry (21.8%), and residents who report Dominican roots (6.5%), and some of the residents are also of Asian ancestry (3.9%), along with some Native American ancestry residents (3.2%), among others. In addition, 34.0% 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 1st Ave / Roseville Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (67.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (53.1%) 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 (40.5%) . 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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