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Real Estate Prices & Overview

Lalor / Broad Street Park median real estate price is $284,836, which is less expensive than 90.9% of New Jersey neighborhoods and 63.3% of all U.S. neighborhoods.

The average rental price in Lalor / Broad Street Park is currently $2,749, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 72.6% of New Jersey neighborhoods.

Lalor / Broad Street Park is a suburban neighborhood (based on population density) located in Trenton, New Jersey.

Lalor / Broad Street Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Lalor / Broad Street Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Lalor / Broad Street Park are 3.5%, which is lower than one will find in 76.9% of American neighborhoods. Demand for real estate in Lalor / Broad Street Park is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 Trenton, the Lalor / Broad Street Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Lalor / Broad Street Park neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.3% of commuters carpool here, which is more than in 95.3% of all U.S. neighborhoods.

Diversity

Did you know that the Lalor / Broad Street Park neighborhood has more Slovak and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Slovak ancestry and 8.3% have South American ancestry.

Lalor / Broad Street Park is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.

The Neighbors

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 Lalor / Broad Street Park neighborhood in Trenton are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.1% of the neighborhoods in America. In addition, 7.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 58.4% of America'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 Lalor / Broad Street Park neighborhood, 38.0% 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 24.3% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.6%), and 14.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lalor / Broad Street Park neighborhood is Spanish, spoken by 48.0% of households. Some people also speak English (45.2%).

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 Lalor / Broad Street Park neighborhood in Trenton, NJ, residents most commonly identify their ethnicity or ancestry as Puerto Rican (10.9%). There are also a number of people of South American ancestry (8.3%), and residents who report Irish roots (7.6%), and some of the residents are also of Asian ancestry (5.2%), along with some Italian ancestry residents (5.1%), among others. In addition, 32.1% 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 Lalor / Broad Street Park neighborhood spend between 15 and 30 minutes commuting one-way to work (41.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (69.3%) 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 (22.3%) . 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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