Springfield Belmont South median real estate price is $405,016, which is less expensive than 77.4% of New Jersey neighborhoods and 44.0% of all U.S. neighborhoods.
The average rental price in Springfield Belmont South is currently $1,907, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.6% of New Jersey neighborhoods.
Springfield Belmont South is a densely urban neighborhood (based on population density) located in Newark, New Jersey.
Springfield Belmont South 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 renter occupied. Many of the residences in the Springfield Belmont South neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Springfield Belmont South, the current vacancy rate is 2.3%, which is a lower rate of vacancies than 84.7% of all neighborhoods in the U.S. This means that the housing supply in Springfield Belmont South is very tight compared to the demand for property here.
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.
NeighborhoodScout's exclusive research identifies the Springfield Belmont South 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 50.8% of its working residents employed in such fields, which is a higher proportion than 99.0% of American neighborhoods.
The Springfield Belmont South 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 93.1% 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.
In addition, renter-occupied real estate is dominant in the Springfield Belmont South neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 95.4%, which is higher than 98.1% 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.
Furthermore, one of the really unique and interesting things about the look and setting of the Springfield Belmont South neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 78.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.4% of all neighborhoods in America.
Also of note, if you like crowded places, then you will probably enjoy the the Springfield Belmont South neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.1% of neighborhoods in the U.S., with 20,871 people per square mile living here.
NeighborhoodScout's analysis shows that the Springfield Belmont South neighborhood has a greater concentration of residents currently enrolled in college than 96.1% of the neighborhoods in the U.S. With 12.5% of the population here attending college, this is very much a college-focused neighborhood.
In addition, with a nice mix of college students, safety from crime, and decent walkability, the Springfield Belmont South neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 89.7% of the neighborhoods in NJ. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Did you know that the Springfield Belmont South neighborhood has more Sub-Saharan African and African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.0% of this neighborhood's residents have Sub-Saharan African ancestry and 14.4% have African ancestry.
Springfield Belmont South is also pretty special linguistically. Significantly, 6.9% 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 99.3% 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 Springfield Belmont South 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 45.4% of the neighborhoods in America. With 34.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.9% 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 Springfield Belmont South neighborhood, 50.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 37.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (7.3%), and 4.5% in government jobs, whether they are in local, state, or federal positions.
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 Springfield Belmont South neighborhood is English, spoken by 64.8% of households. Other important languages spoken here include Spanish, African languages, German/Yiddish and French.
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 Springfield Belmont South neighborhood in Newark, NJ, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (24.0%). There are also a number of people of African ancestry (14.4%), and residents who report Puerto Rican roots (8.5%), and some of the residents are also of Dominican ancestry (3.2%). In addition, 24.8% 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 Springfield Belmont South neighborhood spend between 15 and 30 minutes commuting one-way to work (57.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (80.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (7.8%) and 7.1% 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.