Downtown Passaic North median real estate price is $572,331, which is more expensive than 50.7% of the neighborhoods in New Jersey and 72.6% of the neighborhoods in the U.S.
The average rental price in Downtown Passaic North is currently $2,701, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 74.3% of New Jersey neighborhoods.
Downtown Passaic North is a densely urban neighborhood (based on population density) located in Passaic, New Jersey.
Downtown Passaic North 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 small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Downtown Passaic North 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.
In Downtown Passaic North, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Downtown Passaic North is very tight compared to the demand for property here.
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
Renter-occupied real estate is dominant in the Downtown Passaic North neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.0%, which is higher than 98.7% 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. With a real estate vacancy rate of only 0.0%, the Downtown Passaic North neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
In addition, the Downtown Passaic North neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 47,208 persons per square mile in the neighborhood, it is more packed with people than 98.3% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Downtown Passaic North neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 68.4% of the residential real estate in the Downtown Passaic North neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
Modes of Transportation
In the Downtown Passaic North 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 27.1% of residents here. This is a higher proportion of walking commuters than we found in 98.9% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, in the Downtown Passaic North neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 28.9% of commuters carpool here, which is more than in 98.6% of all U.S. neighborhoods.
Occupations
More people work in manufacturing and as laborers here in the Downtown Passaic North neighborhood than in 98.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the Downtown Passaic North neighborhood buck this trend. 46.2% 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.
People
NeighborhoodScout's exclusive research revealed that 96.1% of the adult residents in the Downtown Passaic North neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.9% of the neighborhoods in America.
In addition, whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the Downtown Passaic North neighborhood has more single mother households than 97.6% 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 Downtown Passaic North neighborhood has more Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.3% of this neighborhood's residents have Dominican ancestry.
Downtown Passaic North is also pretty special linguistically. Significantly, 87.0% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.3% 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 Downtown Passaic North neighborhood has a greater percentage of residents born in another country (54.9%) than are found in 98.6% of all U.S. neighborhoods.
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 Downtown Passaic North neighborhood in Passaic are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.3% of U.S. neighborhoods. With 34.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 85.3% 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 Downtown Passaic North neighborhood, 49.5% 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 22.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.0%), and 10.9% in executive, management, and professional occupations.
Languages
The most common language spoken in the Downtown Passaic North neighborhood is Spanish, spoken by 87.0% of households. Some people also speak English (13.0%).
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 Downtown Passaic North neighborhood in Passaic, NJ, residents most commonly identify their ethnicity or ancestry as Mexican (42.0%). There are also a number of people of Dominican ancestry (24.3%), and residents who report South American roots (4.7%), and some of the residents are also of Puerto Rican ancestry (4.2%), along with some Sub-Saharan African ancestry residents (2.9%), among others. In addition, 54.9% of the residents of this neighborhood were born in another country.
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 Downtown Passaic North neighborhood spend under 15 minutes commuting one-way to work (45.5% of working residents), one of the shortest commutes across America.
Here most residents (35.9%) 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 (28.9%) and 27.1% 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.
