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Real Estate Prices & Overview

N 5th St / Jefferson St median real estate price is $373,155, which is less expensive than 80.4% of New Jersey neighborhoods and 49.9% of all U.S. neighborhoods.

The average rental price in N 5th St / Jefferson St is currently $2,937, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 63.3% of New Jersey neighborhoods.

N 5th St / Jefferson St is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.

N 5th St / Jefferson St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the N 5th St / Jefferson St 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.

Home and apartment vacancy rates are 6.0% in N 5th St / Jefferson St. NeighborhoodScout analysis shows that this rate is lower than 59.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Paterson, the N 5th St / Jefferson St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 N 5th St / Jefferson St 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, 75.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.9% of America's neighborhoods.

In addition, the N 5th St / Jefferson St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,845 persons per square mile in the neighborhood, it is more packed with people than 97.3% 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 N 5th St / Jefferson St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The N 5th St / Jefferson St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 64.0% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.4% of the neighborhoods in the United States.

People

Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the N 5th St / Jefferson St neighborhood has more single mother households than 98.3% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.

Diversity

Did you know that the N 5th St / Jefferson St neighborhood has more Dominican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 36.3% of this neighborhood's residents have Dominican ancestry and 16.3% have Puerto Rican ancestry.

N 5th St / Jefferson St is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 96.9% 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 N 5th St / Jefferson St 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 82.8% of U.S. neighborhoods. With 32.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 83.5% 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 N 5th St / Jefferson St neighborhood, 32.9% 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 26.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.9%), and 16.1% in executive, management, and professional 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 N 5th St / Jefferson St neighborhood is Spanish, spoken by 55.3% of households. Other important languages spoken here include English, Arabic and African languages.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the N 5th St / Jefferson St neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (36.3%). There are also a number of people of Puerto Rican ancestry (16.3%), and residents who report South American roots (9.2%), and some of the residents are also of Arab ancestry (4.6%), along with some Sub-Saharan African ancestry residents (3.9%), among others. In addition, 31.3% 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 N 5th St / Jefferson St neighborhood spend between 15 and 30 minutes commuting one-way to work (51.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.6%) 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 (18.3%) and 5.8% 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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