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Real Estate Prices & Overview

State Rte 19 / Valley Rd median real estate price is $471,046, which is less expensive than 69.6% of New Jersey neighborhoods and 37.5% of all U.S. neighborhoods.

The average rental price in State Rte 19 / Valley Rd is currently $2,968, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.9% of New Jersey neighborhoods.

State Rte 19 / Valley Rd is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.

State Rte 19 / Valley Rd 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 State Rte 19 / Valley Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

State Rte 19 / Valley Rd has a 13.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 74.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

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.

People

Single parenting is hard. But you don't have to tell the State Rte 19 / Valley Rd neighborhood about it; they already know. 32.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.7% 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.

In addition, the State Rte 19 / Valley Rd neighborhood is unique for having just 6.9% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.7% of America'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 State Rte 19 / Valley Rd 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, 64.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.5% of America's neighborhoods.

In addition, renter-occupied real estate is dominant in the State Rte 19 / Valley Rd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.2%, which is higher than 97.4% 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.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the State Rte 19 / Valley Rd neighborhood has a highly unusual pattern of car ownership. 46.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.5% of U.S. neighborhoods.

Occupations

There are more people living in the State Rte 19 / Valley Rd neighborhood employed as sales and service workers (56.3%) 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.

Modes of Transportation

In the State Rte 19 / Valley Rd neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 15.4% of residents here. This is a higher proportion of walking commuters than we found in 97.3% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the State Rte 19 / Valley Rd neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 19.5% of this neighborhood's residents have South American ancestry and 9.8% have Dominican ancestry.

State Rte 19 / Valley Rd is also pretty special linguistically. Significantly, 62.3% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.2% 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 State Rte 19 / Valley Rd neighborhood in Paterson are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 92.8% of U.S. neighborhoods. With 44.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 92.0% 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 State Rte 19 / Valley Rd neighborhood, 43.7% 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 34.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (12.4%), and 9.6% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the State Rte 19 / Valley Rd neighborhood is Spanish, spoken by 62.3% of households. Some people also speak English (33.8%).

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 State Rte 19 / Valley Rd neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Mexican (34.4%). There are also a number of people of South American ancestry (19.5%), and residents who report Dominican roots (9.8%), and some of the residents are also of Puerto Rican ancestry (8.0%), along with some Sub-Saharan African ancestry residents (5.0%), among others. In addition, 37.7% 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 State Rte 19 / Valley Rd neighborhood spend under 15 minutes commuting one-way to work (44.8% of working residents), one of the shortest commutes across America.

Here most residents (46.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (15.4%) and 13.2% 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.


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