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Real Estate Prices & Overview

Peoples Park West median real estate price is $390,503, which is less expensive than 72.1% of New Jersey neighborhoods and 53.7% of all U.S. neighborhoods.

The average rental price in Peoples Park West is currently $3,303, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.5% of New Jersey neighborhoods.

Peoples Park West is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.

Peoples Park West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Peoples Park West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Peoples Park West, the current vacancy rate is 1.5%, which is a lower rate of vacancies than 89.1% of all neighborhoods in the U.S. This means that the housing supply in Peoples Park West 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

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 Peoples Park West 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 74.8% of the real estate here is made up of such dwellings, which is higher than 99.9% of all U.S. neighborhoods.

In addition, the Peoples Park West neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 36,638 persons per square mile in the neighborhood, it is more packed with people than 97.7% of the nation's neighborhoods.

Modes of Transportation

Our research shows that more people carpool to work here in the Peoples Park West (32.8%) than in 99.3% of the neighborhoods in America.

People

Single parenting is hard. But you don't have to tell the Peoples Park West neighborhood about it; they already know. 23.9% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 98.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Peoples Park West neighborhood buck this trend. 22.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.8% of U.S. neighborhoods.

Diversity

Did you know that the Peoples Park West neighborhood has more Dominican and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 43.2% of this neighborhood's residents have Dominican ancestry and 34.4% have South American ancestry.

Peoples Park West is also pretty special linguistically. Significantly, 83.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.0% of all U.S. neighborhoods.

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. What is interesting to note, is that the Peoples Park West neighborhood has a greater percentage of residents born in another country (62.6%) than are found in 99.4% of all U.S. neighborhoods.

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 Peoples Park West 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 64.4% of U.S. neighborhoods. With 12.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.0% 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 Peoples Park West neighborhood, 41.0% 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 22.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.8%), and 16.0% in executive, management, and professional occupations.

Languages

The most common language spoken in the Peoples Park West neighborhood is Spanish, spoken by 83.7% of households. Some people also speak English (15.3%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Peoples Park West neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (43.2%). There are also a number of people of South American ancestry (34.4%), and residents who report Puerto Rican roots (10.3%), and some of the residents are also of Mexican ancestry (2.9%), along with some Italian ancestry residents (2.0%), among others. In addition, 62.6% 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 Peoples Park West neighborhood spend between 15 and 30 minutes commuting one-way to work (49.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (53.6%) 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 (32.8%) and 7.6% of residents also hop out the door and walk to work 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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