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Real Estate Prices & Overview

Eastside Park median real estate price is $378,658, which is less expensive than 81.1% of New Jersey neighborhoods and 47.6% of all U.S. neighborhoods.

The average rental price in Eastside Park is currently $3,326, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.8% of New Jersey neighborhoods.

Eastside Park is an urban neighborhood (based on population density) located in Paterson, New Jersey.

Eastside Park 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Eastside Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 2000 and the present.

In Eastside Park, the current vacancy rate is 1.6%, which is a lower rate of vacancies than 88.9% of all neighborhoods in the U.S. This means that the housing supply in Eastside Park is very tight compared to the demand for property here.

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.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Eastside Park neighborhood, is that an incredible 90.3% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Modes of Transportation

While most Americans do drive to work alone each day, the Eastside Park neighborhood stands out by having 94.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.2% of all American neighborhoods.

People

There is an especially high percentage of incarcerated people (0.8%) living in the Eastside Park neighborhood.

Diversity

Did you know that the Eastside Park neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 34.7% of this neighborhood's residents have Dominican ancestry and 13.5% have South American ancestry.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Eastside Park neighborhood live here today that also were living in this same neighborhood five years ago than is found in 95.2% 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

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 Eastside Park neighborhood in Paterson are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.0% of U.S. neighborhoods. With 16.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.7% 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 Eastside Park neighborhood, 37.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 26.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.9%), and 17.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Eastside Park neighborhood is English, spoken by 49.0% of households. Some people also speak Spanish (47.9%).

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 Eastside Park neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (34.7%). There are also a number of people of South American ancestry (13.5%), and residents who report Asian roots (7.2%), and some of the residents are also of Italian ancestry (4.8%), along with some Puerto Rican ancestry residents (3.2%), among others. In addition, 31.8% 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 Eastside Park neighborhood spend between 15 and 30 minutes commuting one-way to work (40.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (94.1%) drive alone in a private automobile to get to work. 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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Economics & Demographics include:
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Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
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Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
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Schools include:
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