Broadway Ave / Madison Ave median real estate price is $464,852, which is more expensive than 29.9% of the neighborhoods in New Jersey and 61.5% of the neighborhoods in the U.S.
The average rental price in Broadway Ave / Madison Ave is currently $2,587, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 76.1% of New Jersey neighborhoods.
Broadway Ave / Madison Ave is a densely urban neighborhood (based on population density) located in Paterson, New Jersey.
Broadway Ave / Madison Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four 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 Broadway Ave / Madison Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.9% in Broadway Ave / Madison Ave. NeighborhoodScout analysis shows that this rate is lower than 47.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
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 Broadway Ave / Madison Ave 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, 45.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.9% of America's neighborhoods.
In addition, the Broadway Ave / Madison Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 32,623 persons per square mile in the neighborhood, it is more packed with people than 97.3% of the nation's neighborhoods.
Furthermore, 88.3% of the real estate in the Broadway Ave / Madison Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In the Broadway Ave / Madison Ave neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 23.1% of commuters carpool here, which is more than in 95.7% of all U.S. neighborhoods.
Also, more people ride the bus in this neighborhood each day to get to work than 95.5% of U.S. neighborhoods.
Single parenting is hard. But you don't have to tell the Broadway Ave / Madison Ave neighborhood about it; they already know. 17.2% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 95.0% 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.
Did you know that the Broadway Ave / Madison Ave neighborhood has more Dominican and Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 53.8% of this neighborhood's residents have Dominican ancestry and 5.7% have Jamaican ancestry.
Broadway Ave / Madison Ave is also pretty special linguistically. Significantly, 62.5% 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 freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Broadway Ave / Madison Ave neighborhood has a greater percentage of residents born in another country (53.1%) than are found in 98.2% 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 Broadway Ave / Madison Ave 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 76.4% of U.S. neighborhoods. With 36.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 87.2% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Broadway Ave / Madison Ave neighborhood, 36.9% 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 25.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.1%), and 15.6% in executive, management, and professional occupations.
The most common language spoken in the Broadway Ave / Madison Ave neighborhood is Spanish, spoken by 62.5% of households. Some people also speak English (32.3%).
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 Broadway Ave / Madison Ave neighborhood in Paterson, NJ, residents most commonly identify their ethnicity or ancestry as Dominican (53.8%). There are also a number of people of Sub-Saharan African ancestry (11.0%), and residents who report African roots (8.5%), and some of the residents are also of Jamaican ancestry (5.7%), along with some South American ancestry residents (4.3%), among others. In addition, 53.1% 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 Broadway Ave / Madison Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (45.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (49.3%) 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 (23.1%) and 10.8% of residents also ride the bus 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.